Selling a Home By Owner

Selling a Home By Owner??

Offering  owner  financing  is  an  excellent  way  to expedite a sale of property, and it allows you to create a note with terms to satisfy everyone. 

Preferred Financials purchases  or  facilitates  the sale of  notes  at  a discount  from  those  who  are receiving
payments and wish to get all cash.

Yes,  you can receive a lump sum of cash  for your note, instead of small  payments  over  time?    You  can  sell  the  whole  note  in  order  to raise immediate  cash.   If you prefer to keep ownership interest in the note, you can sell a select  amount  of  payments  and  you  would  retain   the  remaining payments.

 If you have not created a note as of yet, here are some options to consider that would make a note sale easier.  These  options  can  make  your  note  a  more valuable  asset,   so  that  if  you  decide  to liquidate ,
you could receive a better price.  

 Here are some options that work, the home buyer must have  at  least 10  – 15%  down with  an   interest  rate  around  7 -- 9%;   a short term note, as 10 – 15 years, or amortized over 30 years with a balloon payment in 5 to 7 years;  buyers credit  score  a  minimum of  600,  and preferably  it  is  a first  lien.   Any  note  can  sell,   but without some of these terms, your note may not receive the best offer.

This  makes a lot of  sense,  especially  with  a  hard to sell home; many home sellers actually work this way to achieve  their  goal.   If  this can  work  for  you   or someone  you know now,  a note can be presented  for offers as soon as possible. 

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