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.
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.
What increases the value of one home might not increase the value of another. A resort-style pool and outdoor kitchen in Wyoming might not hold as much value for buyers as the same resort-style pool and outdoor kitchen added to a home in South Florida. What works and what doesn't is dependent upon the current market conditions in your area, what buyers in your area want, and the overall feel of your neighborhood. It's not to say you cannot add something no one else has, but you have to add the right thing. Building a 4,000-square foot addition to your 1,200-square foot home in a neighborhood that consists of all small starter homes is not a wise home improvement. If you're looking to add some value to your home, try one of these five easy steps that almost always adds value no matter where your home is located.