Let’s say you have a property for sale. Your goal is to find a qualified buyer, cash out and move on to the next chapter of your life. But, there is a glitch. Potential buyers and you don’t see eye to eye on price or that qualified buyer for your home has not shown up.
Maybe you should change your strategy. Tell your realtor you are willing to carry the note. Change the marketing to Owner Will Carry, or, Seller Financing Available, or, Owner Will Carry With 25% Down Payment. Make the down payment a number you are comfortable with. Have your realtor check out any potential new buyer very carefully – credit score/history, work history, family in the area, etc. Consult with someone like me on terms that are strong and favorable to you. Learn how you can then sell your property to this buyer and then sell your note for cash after the 1st payment is received. If you hold your sales price at market value – you don’t reduce your asking price in order to find a buyer- you may find your net cash position is much stronger by offering to carry the note and then finding a note buyer to pay cash for it.
I can help you!
