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Having a Hard Time Putting the Pieces of
Your Real Estate Sale Together?
FACT: SELLER FINANCING SELLS PROPERTIES FAST!
We help property owners, investors, rehabbers, developers, landlords, attorneys, Realtors®, mortgage professionals and business brokers selling and/or involved with the dispensing of real estate or businesses nationwide.
It is very well known that Seller Financing sells properties & businesses fast, especially in cases where properties or prospective Buyers do not conform to traditional lending/mortgage requirements. In a nutshell the Seller offers to hold the mortgage or promissory note (seller financing mortgage or business notes) and receive the monthly payments from the Buyer just as a bank would.
The challenge with this approach has been that Sellers sometimes don't want to collect small monthly payments, but instead want to cash out at closing to buy another property, to cover closing costs or for a variety of other reasons. The benefits of seller financing are varied, but sometimes these are simply not enough to help close a deal.
The solution to the nationwide credit dilemma is our Seller Financing System®!
With our Seller Financing System we will do what is known as a Post Closing Purchase™ of a Real Estate or Business Note.
The Seller sets the sale price to the appraised value of the property/business and advertises "Owner Will Finance...No Bank Qualifying!".
STEP 1 - A pre-qualification process is required for interested buyers
STEP 2 - Both parties (The Seller and Buyer) agree on the details and terms of the note to be created (we can offer you assistance with this process) and sign a Real Estate or Business Note Purchase Contract
STEP 3 - At closing the Seller is creating a 2nd mortgage or business note and within 90-120 days sells/assigns the mortgage/business note to us
STEP 4 - The Seller receives the Buyer's down payment plus the proceeds from the sale of the note
Real Estate Example:
There is a seller that owns a property valued at $100,000, but because it’s sandwiched between two newer properties he is not able to attract any buyers. So the seller drops the price and begins advertising the property at $90,000, realizing that is actually $80,000-$85,000 after associated costs and this still doesn’t attract any REAL Buyers.
This is where USA Closers steps in. We would advise an owner to create a $90,000 note and $10,000 would serve as the down payment. Without the need for traditional financing although our system works just as fine with traditional bank terms as well.
The terms of the note would be 360 months at 8% paying roughly $661/monthly (principal & Interest).
We then purchase this note from the seller for $80,000 cash on the closing day or shortly thereafter
With the down payment of $10,000 plus our $80,000 the seller has received $90,000 minus the closing costs
With this approach the seller attracts a large number of qualified buyers to select from and within a couple of days can choose which offer best suits their needs and move too close.
"We were trying to sell our condo for months and no matter how much staging or points we were willing to give to a Realtor®* we simply couldn’t attract buyers. We came across an interview one of the founders was giving on television and decided to call. Although we were like most New Yorkers (skeptical) we gave it a shot. Well within a week of using their Seller Financing System® we had an offer for full asking price and closed within five days. Thanks again"
David & Gloria D., New York, NY
This approach will work for property of nearly any type with the possible exception of a Coop**. Whether a person has a parcel of raw land, mobile home park, can only obtain bank financing of 80% or you are seeking to sell a lot that doesn’t conform to traditional banking standards this system has helped close billions of dollars in residential, commercial and industrial real estate.
As investors we use these very same techniques to sell our own inventory of things well beyond the world of real estate such as businesses, cars, planes and much more
Additionally if you require a quote for a situation wherein both types of these notes are required simultaneously please contact us
We look forward to hearing from you and provide a no nonsense straight talk solution and highest possible price for their notes, in a quick, highly professional, and personal service level
FREE QUOTE REQUEST FORM - POST CLOSING PURCHASE™
*Items marked with a red asterisk are required. If you're unable to answer a required question give us your best guess or entera "?", "N/A", "0", "dont know", etc. All information provided will be strictly confidential (Privacy Policy) If you have any problem submitting this form, please contact us immediately.
* Realtor is a registered trademark of the National Association of Realtors
** Cooperatives are not considered real property and must be treated in a somewhat different fashion. However we have successfully implemented a program where our SFS worked brilliantly. To learn more about how we can help you sell cooperative units more effectively with seller financing please contact us today
Nationwide Real Estate & Note Investors
350 Fifth Avenue, 59th Floor, New York, NY 10118
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