Getting access to CASH NOW

Seller financing can be a great way to get a house sold without slashing the price. By recognizing the millions of people who can't get traditional financing as potential buyers, resourceful property sellers (and their real estate agents) can minimize their time investment in getting a property sold. Even better, sellers who offer financing can usually get a higher asking price for their property, even in the slowest markets. Clearly this is a win-win situation.

Most home sellers never consider financing the buyer directly because they are not aware of the benefits or don't fully understand how creating a note works. Let's take a closer look at the advantages of owner financing or seller financing.

Three Advantages

Seller financing is very powerful when the market is slow or when there are many similar houses on the market. Just listing the house as "OWC" - Owner Will Carry - will make the house stand out and attract more buyers. Because many individuals cannot get funding from a bank, offering financing will open the doors to these prospective customers as well, essentially increasing the pool of potential buyers. 

Advantage #1:  MORE BUYERS

Seller financing also brings the property seller another critical advantage. The likelihood of selling for a higher price. Offering to carry back a note will not only greatly increase the number of potential buyers, but also bring a unique demographic of buyers who are willing to pay more for a given property than the general population.
Advantage #2:  MORE MONEY

Additionally, when the property seller finances the buyer, they get to act as "the bank". That means they could structure the deal to collect interest. Over time, if the seller holds on to their note, this can add up to tens of thousands of dollars in additional income.

Advantage #3:  LONG TERM PROFIT.

 

 

 

The Sellers Strategy

Even when these benefits to "carryback" lending are made clear, many sellers are still hesitant to offer financing because they are entering unfamiliar territory. It's a natural, human response - everyone is uncomfortable with new things.

For many property sellers, considering owner financing when they've only dealt with buyers via traditional funding is definitely "thinking outside the box". But once sellers understand the process, they are likely to choose seller financing instead of the unattractive option of cutting the listed price or waiting indefinitely for the "right buyer".

A seller-financed real estate sale is simply a real estate transaction where the seller acts as "the bank" or lending institution. The seller sets the sales price, determines and accepts a down payment, and then finances the remaining balance. The final step is the part that may scare some sellers, but in actuality, it can be very simple. Here is an example.

If the sales price is $100,000, and the buyer gives the seller $10,000.00 cash (the agent's fee will be deducted from this down payment), the seller will finance the balance of $90,000.00. The buyer and seller would then agree to create the mortgage document and close the deal. From that point on, the buyer sends the seller monthly payments for the house he/she has just purchased.

Many property sellers stay away from seller financing because they mistakenly believe that creating a note is not a viable solution for selling their home. After all, if they can't walk away with enough cash to provide the down payment on another property, they'll be powerless to replace the property they're selling.

As a consequence of this common misunderstanding, many sellers feel compelled to stick with conventional real estate methods, limiting their options, and missing out on the benefits that seller financing could offer them.

In actuality, many notes created through seller financing are quickly sold and the seller ends up with the cash they need. Even better, the note is created with buyers purchasing criteria in mind, the seller could walk away from the closing table with cash in hand.  This means that the net result is almost exactly the same as with a conventional real estate sale!

In the cases where the note holder does have a problem selling their monthly payments, the difficulty in liquidating the note is typically a result of one general problem: the note was not created with the buyer (investor) in mind. Instead, it was created with only the payer (person paying on the note) in mind. To ensure that a newly-created note will be attractive to potential buyers, it is important to recognize that their purchasing criteria are important as well.

 

 

 

Let's admit it...as a nation we've been having to much FUN for to long. and now, in the midst of our collective hangover, we're looking for ways to get back on track.

In order to get the money you need from the loan that you had just created, you as the seller could sell the monthly note payments to JS Note Funding Group for a lump sum of cash, and get your money in a little more than a few weeks.

In summary.

Step one: Use the seller finance option to find unique buyers willing to purchase the home at a higher price than would have been possible and complete the real estate transaction quickly.

Step two: Decide on terms of the deal and create the note.

Step three: If you need immediate cash to buy another house or for any other reason (explained at the home page), your new payment stream can be resold. If JS Note Funding Group buys the future payments from you it will provide funding for a down payment on a new house or investment venture, and every party involved in the deal comes out smiling.