If You Don't Have Enough CASH, Use Terms To Purchase Your Property

You can typically use terms to purchase the property and close your deal when cash is short. Remember, “Time heals all wounds”? Well, it’s true. As a matter of fact properly used, time can accomplish some incredible things.

In a case like this one all parties, including the property seller, the buyer, and the real estate agent must agree that everyone in the deal will be creating a deferred cash transaction. All this means is we are “filling the funnel” with opportunities that will be fully developed and cashed in at a designated time in the future.

During this time the seller will no longer be concerned about the day-to-day activities related to the property. That burden will have been lifted by the tenant/buyer.

The Tenant/Buyer will be in control of the property as a resident while he/she builds equity in a property that is not officially owned yet! This equity is created by the option consideration given to the property seller and the agreed monthly credits for making on time payments and for taking great care of the property.

The relationship between the property seller and the tenant/buyer will also create a new credit profile. This profile will illustrate an ongoing payment history, the note will become seasoned, which adds tremendous value, and equity is being created which will be added to the down payment credit total or deducted from the purchase price.

Take a look at how powerful this terms to purchase strategy is at building equity. Following is an Amortization Schedule Calculator. Just plug in your numbers to quickly see how slowly you build equity in your property using the traditional home mortgage model.

Compare the amortization equity build up to the Lease-Purchase build up to really see the impact of our system which includes:

Option Consideration

Monthly Option Credits

Sweat Equity Credits

Annual Appreciation

If you have found a property you want to purchase, you can plug in your own actual numbers or just complete and submit our Buyer-Profile for a quick evaluation.

The tenant/buyer can use the option term to correct any credit related problems on his/her own, or you can take advantage of the professional credit repair assistance from a reputable, professional organization.

Successful completion of the credit repair efforts can dramatically improve your credit score and significantly reduce the interest rate on your mortgage financing. The time to take care of this very important item is a very strong benefit of the terms to purchase strategy.

The real estate agent will have created lemonade out of lemons. Instead of a buyer with little chance of purchasing a property through traditional means, he/she will have created a deferred cash flow or account receivable that will mature when the property is financed. The normal time frame for maturity is twelve to twenty-four months.

The tenant/buyer will have ample time to pre-qualify for conventional financing. If there is still a problem, we can make the arrangements to seller finance the property. In either case, your commission is secure.

This terms to purchase strategy can be especially useful in a market like the one we’re in now. When sellers consider renting their property to cover the mortgage payment, you, the real estate agent, should immediately consider our Home-Buying-System!

Get a pre-qualified tenant/buyer candidate into a house for a highly motivated seller, and solve several problems at the same time.

NO BANKS NEEDED WHEN YOU SELL OR BUY!!

Using terms to purchase property can really solve lots of problems. Now let’s look at the benefits of credit repair for our new tenant/buyer.