A Cash Sale For How Much From A Property With No Mortgage?

Do you need a cash sale from your house? If you have no mortgage on your property, there are some tremendous opportunities for you.

Rather than trying to sell your property the traditional way, with a mortgage company or bank, why not become the “bank” yourself?

There are some very compelling reasons for you to give this idea serious consideration. This is an entirely new perspective on the idea of a cash sale.

When you become the bank by providing seller financing you become entitled to:

A premium sale price for your property

An above market interest rate (at least 2% depending on your buyer)

Flexible deal structure alternatives

Cash down payment

Monthly income from the property

Many people think we must get all cash from the sale of the property. That's not always true. Here is an example of how a property seller can get 20% of your cash up front and still structure a tremendous deal for you and your buyer!

The idea is to create a win-win situation for the seller and the buyer. OK? OK.

You own a property free and clear. Circumstances allow you to “take back a note” or seller finance the property for your buyer. The property is a single family residence. These are the terms of the proposed sale:

360 months

10% interest

$160,000 sale price

$1,404 monthly payment

10% down payment

Your buyer has a FICO credit score of 720, which is above average and generally a good score. Although the buyer has enough income to cover the monthly payments, he and his wife can’t get their hands on enough money for the minimum 10% down payment of $16,000 you require.

You contact me and we evaluate the buyers and your situation. One of the ideas we offer is this. Due to the strength of the buyers credit and their ability to pay, we offer to purchase the next 36 months of payments or 20% of the purchase price. That represents a cash sale to you of:

$32,000 in cash right now!

Receive no monthly payments for thirty-six months.

After thirty-six months you will begin to receive monthly payments of $1,404 for the remaining 84 months. Your balance due after thirty six months is $157,042! Your buyer gets into the property now for less than 10% down, and you are positioned to collect more than $205,000 on a $160,000 sale!

This technique has the flexibility of being structured in various ways, depending on the needs of the seller and the buyer.

It is not important that you follow along and understand every detail that I have just shared with you. What is important is that you understand the fact there are lots of ways to solve problems or create solutions for homeowners trying to sell properties when there is no mortgage in place. You don’t have to figure anything out. We do that for you!

If you know of someone without a mortgage that wants to sell his or her property, be sure to contact us or simply complete a Seller-Profile. We will be happy to work with you.

NO BANKS NEEDED WHEN YOU SELL OR BUY!!

To learn more about cash sale transactions for homes with no mortgage, and much more, get your copy of our new and improved manual, “How To Sell Your House Fast In GOOD or BAD Markets”. Our current offer includes a very valuable professional services bonus.