The Benefits of Owner Financing
Is your home on the market? Have you received several offers from interested buyers? Have your potential buyers been turned down for traditional bank financing? Don’t lose hope, you don’t have to settle for less than you deserve, there is an alternative!
Tighter lending requirements implemented by institutional lenders have made would be buyers into perpetual renters and have put many home sellers in a position where they either sit and wait or lower their expectations. This does not have to be the case.
Owner financing may seem scary at best and daunting at worst, even for the most experienced investors and especially for the individual “mom and pop” seller.
When structured properly, selling a home using owner financing, can be a Win-Win-Win situation. The buyer gets the home he/she has been looking for, the real estate broker sells the property faster and most of all, the home seller gets his/her property sold in a timely manner AND has future monthly benefits in the form of money deposited to their bank account each and every month. A properly structured real estate promissory note is also an asset which could be turned into cash in the future!
Not all Real Estate Notes are Created Equal
If not done properly, a seller financed note created at the time of sale of your home can become worth nothing (or close to nothing) to anyone but You the current owner of this note.
As mentioned above a properly structured note is something note buying institutions, individual investors and companies are always on the lookout for and they will pay top dollar for these note when they find them!
NoteCom is a prominent buyer of these notes and consistently offers top dollar for owner financed notes. If you need further information on what a properly structured note looks like please feel free to contact us. You may also contact us so we can quote you a Cash Offer for your note.
Conclusions:
Properly structured real estate notes have the following characteristics/benefits:
- Attracts a larger pool of potential buyers
- Helps the broker sell your home faster
- Helps the seller get a fair price for his/her property
- Helps buyers who are not qualified for bank financing focus in on your property and become potential buyers
- Gives the seller monthly payments which could be “Sold” at a later time to NoteCom Inc. for top dollar
