1. How to sell properties fast! And create a bidding war!
2. Seller-Financing 3 reasons why you should seller finance! 1. More Buyers Easier to qualify! 2. Higher price Say good bye to reduced prices 3. Bigger Realtor commission Higher sale price!
3. More Buyers 1. More people will come to look at the home as a result of offering seller financing. They will start bidding wars in a market that has most home sellers waiting for bank qualified buyers
4. Higher price 2. It will most likely sell for a higher price because the seller of the home does not have to reduce the price of the home because they agreed to take back the note. The buyer feels they are inconveniencing the seller and will be more flexible now because they got what they wanted… financing
5. Bigger Realtor commission 3. The Realtor will make more because the home will sell for more and their commission is based on the selling price.
6. Cash Offer v. Seller FinancingA typical Scenario Cash Offer: Seller Financing Alternative: Asking Price $100,000.00 Cash Offer $ 80,000.00 Real Estate Commission 6% $ 4,800.00 Net to Owner $75,200.00 Asking/Sales Price $100,000.00 Sales Price $100,000.00 Down Payment $ 10,000.00 Seller Note $90,000.00 (8% for 360 months, $660.39/month)
10. Net to Seller = $75,200.00Asking price $100,000 = Sales Price Sale of Note (estimate) $72,251.77 Down Payment + $10,000.00 Cash received so far… = $82,251.77 Cash received $82,251.77 Commission 6% - $ 6,000.00 Total Net to Seller = $76,251.77 MORE than the cash offer!
11. Seller financing gets more cash… …If done properly! So how do you do it the right way? Just make sure you have: The right payer Credit Score And the right terms Down Payment Interest Rate Number of payments Amortization
12. A Comparison… Lender paper Payer paper Good credit Good down payment Good payment history Good interest rate Good future (short: amortized for 30 years but with a balloon in 7 years) Poor Credit Nothing Down Flexible late payment policy Low interest rate Long term Paper we can buy And Paper we can NOT buy.
13. Ever hear of the real estate “guru” Robert G. Allen? Payer paper Author of “Nothing Down” and “Nothing Down for the 90’s” Poor Credit Nothing Down Lots of late payments Low interest rate Long term All he did was find someone willing to carry back payer paper! That’s all there is to it! The cats out of the bag!
23. (short: amortized for 30 years but with a balloon in 7 years)1. More Buyers Easier to qualify! 2. Higher price Say good bye to reduced prices 3. Bigger Realtor commission Higher sale price!
24. Go to Cash 4 Promissory Notes Click on the link on the bottom left side “The Best Note” You will get the least discount Which will result in the highest possible pay price!
25. Get EXTRA cash! Do you already know someone with payments secured by real estate that they’d like to sell for a lump of cash? We give realtors a $250 Amex Gift card for successful referrals!
26. Cash4PromissoryNotes.com The place to learn how to create a good note… …And sell it for top dollar! None of the information in this presentation has been any form of legal advice. Always see a qualified legal professional for legal advice.
