Will you get your asking price, or will you have to drop your price to make the deal? After all, your home is a major investment, no doubt a rather large one, so when it comes to selling it you want to get your highest possible return. Yet in spite of everyone's desire to get the top dollar for their property, most people are extremely unsure as to how to go about getting it. However, some savvy sellers have long known a little financial technique that has helped them to get top dollar for their property. In fact, on some rare occasions, they have even sold their properties for more than they were worth using this powerful financing tool. Although that might be the exception rather than the rule, you can certainly use this technique to get the most money possible when selling your property.
Seller carry-back, or take-back financing, has proven to be a surefire technique for closing deals. Even though most people do not think about when it comes to selling a property, they really should consider using it. According to the Federal Reserve, there are currently over 100 Billion dollars of seller carry-back (seller take-back) loans in existence. By any standard, that is a lot of money. But most importantly, it is also a very clear indication that more people are starting to use seller take-back financing techniques because it offers many financial benefits to both sellers and buyers. Basically, seller take-back financing is a relatively simple concept. A seller-take back loan is created when a property is sold and the seller performs like a lender by assisting in financing all or part of the total transaction. In effect, the seller is actually lending the buyer a certain amount of money toward the purchase price, while a traditional mortgage company usually funds the balance of the purchase price. A seller take-back loan is secured with the property. The loan then becomes the primary mortgage and is fully secured by the property. In most seller take-back financing transactions, the buyer repays the seller with interest in accordance to mutually agreed terms over a period of time. Usually, the terms call for the buyer to send the payments, consisting of principal and interest, on a monthly basis. This is advantageous because it creates a steady monthly cash flow for the note holder. And if the note holder decides to cash out, he or she can always sell the note for a lump sum cash payment.
Regardless of market conditions, seller take-back financing makes sound financial sense; whereas, it provides both buyer and seller with flexible financing options, makes the property easier to sell at higher price and shortens the sales cycle. It also has the added advantage of being an excellent investment that generates a steady cash flow and high return. If you ever need immediate cash, you can always sell the note through our office. If you are planning to sell a property, then consider the many benefits of seller take-back financing.
Renovating your home? Why not make it a family affair, getting the kids involved in projects that can make them feel included and proud of their work.
Not every job is gong to be right for your kids.
But there are several tasks they can do with supervision, and a few they might be able to handle on their own, depending on their age and maturity level.
The first step is to properly explain the tasks at hand and identify any risks.
"Parents really need to talk to their kids who are old enough to understand and lay down ground rules for the renovation," says Eric Phillips, vice president and general manager at DreamMaker Bath and Kitchen of the Triangle in Apex, NC on Bob Vila.
"And once the rules are there, parents really have to have the discipline to enforce those rules with their kids."
Feeling good about their ability to help? Go renovate something together!
Cleaning and chucking
Before any renovation can start, you'll probably have some cleaning out to do. The traditional three-pile method of "keep, sell, donate" can work well for kids. Telling them they can keep whatever they make on the sale of their old things usually inspires a job well done.
Painting the walls
Your kids have probably been painting since before they could speak. With their fingers, anyway. They probably haven't lost the love of covering surfaces in pretty colors, so set them up with a paintbrush and let them go! You'll want to give them a basic tutorial that illustrates how to best get paint on the desired surface without dribbles. And don't forget to prepare the area with heavy-duty dropcloths, tape up baseboards, and move furniture and furnishings out of the way so they don't accidentally get splattered.
Sanding
Use caution with electric sanders, or any power tool for that matter, when your kids are involved. But sandpaper or sanding sticks and a surface that needs to be stripped down could be a good way to bring some kids in on a renovation. You'll need to make sure they have a dust mask, eye protection, and a well-ventilated area. Sandpaper in tender hands might cause abrasions, so make sure there are gloves as well.
Creating new art
You probably already have a stack of your kids' art showcased or stashed in your home. But directing them to create something new specifically for a showcase wall or tabletop is a great way to involve them in your renovation without worrying about them getting hurt. Choosing colors and materials together at an art store and show them ahead of time where their art is going to be displayed can get them excited about this new project—and maybe make them feel better about the fact that they don't get to handle the nail gun.
Backsplash
Doing your own kitchen backsplash is a relatively easy DIY project you can do over the weekend and have a little fun at the same time. If you're doing mosaics on a sheet, kids as young as five or six should be able to help place them and even help adhere them to the wall and apply/clean up the grout.
Pulling up carpet
Kids who love to dismantle stuff (read: all kids) will love being able to help roll up carpet for removal. The box knife needed to slice it up is probably not the best tool to put in a kid's hands, but taking up the tack strip? A handy child can use a pry bar and rubber mallet to handle this task. Just take proper precautions with gloves, eye protectors and the like. Those nails can be nasty.
Laying wood floors
Kids can be helpful gluing and placing wood planks and might even enjoy the process. Can you leave your five-year-old alone to handle the job? Probably not. But working side-by-side with your children laying out the wood pieces will make you all feel good every time you take a step.
Wallpaper removal
The tedious peeling away of old wallpaper might be the perfect task for your kids. Even if they don't finish the job, any wallpaper you don't have to peel off yourself is a bonus. Trust us.
Other demolition
An invitation to break stuff? Oh yeah! Just remember to take all safety precautions (goggles, closed-toe shoes, and gloves if needed) and make sure the demo is appropriate for the age group (i.e. you might not want to leave your five-year-old alone with a power saw.).
Gardening
If your renovation includes an outdoor element, you're in luck! Kids love to get dirty. Depending on the age and inclination of your child(ren), a bag of soil and a shovel might be considered a good time!
We save home sellers thousands but we also work with sellers and get them the best deal possible. We are a Flat Fee Full service agency. We put thousands more in your pocket and still provide the best full service. we are the smart choice is a ever changing market. Give us a call and see how we can save you thousand. At Flat Charge Realty, our mission is to give the highest level of service to our clients in Southwest Florida while we bring down the high cost of selling a home and pass those savings back to our clients. If your not completely satisfied you can fire us at any time. We are serving the Fort Myers, Cape coral, Estero, Bonita and Naples area's Flat Charge Realty is a real estate agency that save home sellers thousands of dollars and is one of Florida's fastest growing real estate agency's in southwest Florida. We save home sellers thousands but we also work with sellers and get them the best deal possible. We are a Flat Fee Full service agency. We put thousands more in your pocket and still provide the best full service.
