Don't sell your property WITHOUT it!
Here’s how to get the
MOST
money for your property
By Douglas
L. Iles
For most people, the prospect of selling their home can be positively
daunting.
First, there are usually plenty of things to do just to get it ready for the
market.
Besides the traditional cleanup, painting, and repair chores that invariably
wind
up costing more than you planned, there is always the overriding concerns about
how much the market will bear and how much you will eventually sell it for.
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 and no doubt a rather large one.
Therefore, 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 about how to
achieve this financial goal.
However, some savvy sellers have long known a little financial technique that
has
helped them to get top dollar for properties. In fact, on some rare
occasions, they
have even sold their properties for more than they were worth using this
powerful
financing tool. And while that may be the exception rather than the rule,
you can
certainly use this technique to get the most money possible when you sell your
property.
Seller carry-back, or take-back, financing has proven to be a surefire technique
for
closing deals. And while most people don’t think about this method when it
comes
to selling a property, they really should consider using it. According to
the Federal
Reserve, currently over 100 billion dollars
of seller carry-back (take-back) loans
are 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 they offer many financial benefits to both the
seller
and buyer.
Basically, seller take-back financing is a relatively simple concept. A
seller take-back
loan is created when a property is sold and then 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. In
contrast,
a traditional mortgage company usually funds the balance of the purchase price.
In
addition, a seller take-back loan is secured with the property. The loan
then becomes
the primary mortgage that is fully secured
by the property.
In most seller take-back financing transactions the buyer repays the seller,
with
interest, in accordance with 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. 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. It provides the buyer and seller with flexible financing options,
makes the
property easier to sell at a higher price, and shortens the sales cycle.
It has the
added advantage of being an excellent investment for the seller
because it generates
a steady
cash flow and high return. And of course, if you ever need immediate cash,
you can
always sell the note through the office of
Beneficial Brokers, L.L.C.
If you are planning to sell a property, then please consider the many benefits
of seller
take-back financing. Please call TOLL-FREE
at 1-888-469-2592.
Douglas L. Iles has resided in Mansfield, OH since 1988.
He has been married to his
wife Dawn since 1989 and has a 17-year old daughter Brittany and a 16-year old son
Chris. I
established Beneficial Brokers, L.L.C. in 2006. My investor is a leader in
the
cash-flow industry and therefore can provide the best lump-sum cash payments to
prospective
customers of Beneficial Brokers, L.L.C.
As a reminder, Beneficial Brokers, L.L.C. also can provide a lump-sum cash
payment
for business notes, structured court settlements (such as a settlement from an
insur-
ance company), annuities, and lottery winnings. Therefore, Beneficial
Brokers, L.L.C.
can provide a
variety of services
for those in possession of a monthly income stream
who would rather receive one final payment instead of prolonged future payments.
Douglas L. Iles
Beneficial Brokers, L.L.C.
http://www.beneficialbrokers.com