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Sell More
Real Estate
Buyer loves the house,
but can't get financing.
Seller won't offer financing,
wants all cash up front.
How
do You close this deal?
Your past client would
like to buy another property
but his cash is tied up in a note created by the sale
of his past property.
How
do You help this client?
|
Close
the Deal
Many times a property
will not sell because it is difficult for potential buyers
to obtain financing. While many properties are sold with some
form of seller financing, often the Seller will not
finance because he wants all of his cash up front.
While
owner carry-back mortgages can
often provide the catalyst to get the deal done, many sellers
are reluctant to hold mortgage paper for lengthy periods of
time.
Our program allows
you to do more business by providing the Seller
the option of selling his note once the deal is completed.
Our Underwriters offer
free/no obligation quotes to purchase privately-held
business notes. Our underwriters can provide a lump
sum of CASH NOW for:
-
Full Payment,
whereby the Seller receives a full lump sum payment for
the rights to receive all of the future
payments on the Note.
-
The Partial,
whereby the Seller can receive the cash they need now,
while retaining income from future payments on the
Note yet to be received.
-
The "split
payment program" where the Seller can receive
a lump sum now and still receive monthly income on the
Note.
- Close the deal
with the Simultaneous Closing option*.
Benefits
to Realtors when their clients offer Owner-Financing:
-
More people will come to
look at the home as a result of offering owner financing.
-
It will most probably sell
for a higher price because the seller of the home does
not have to reduce the price of the home when they
agree to take back the note.
-
The Realtor will make more
because the home will sell for more and their commission is
based on the selling price.
- We, the Cash Flow Consultant, offers
the Realtor a referral fee.
Benefits to the Home
Seller when offering Owner-Financing:
-
More people will come to
look at the home as a result of offering owner financing.
- It will most probably sell
for a higher price because the seller of the home does not have
to reduce the price of the home when they agree to take
back the note.
Example of Cash
Offer vs. Owner Financed**:
| |
CASH
OFFER
|
OWNER
FINANCED
|
| Sales Price
|
$100,000.00
|
$100,000.00
|
| Cash Offer
|
80,000.00
|
n/a
|
| Down Payment
|
n/a
|
10,000.00
|
| Seller Note
|
n/a
|
90,000.00*
|
| Sale of Note
(Apprx) |
n/a
|
72,251.77***
|
|
Real Estate Commission
6%
|
4,800.00
|
6,000.00
|
| Escrow to
Owner: |
n/a
|
66,251.77
|
| Down Payment
|
n/a
|
10,000.00
|
|
Net to Owner/Seller
|
$
75,200.00
|
$
76,251.77
|
| |
| *Note @ 8%
for 360 months; $660.39 / mo. |
**Illustration for education
purposes only. Actual amounts need to be constructed by Underwriters.
***Net in illustration
assumes that the Note was purchased at simultaneous closing
at 10% and less estimated fees.
While the majority of noteholders,
at first, express an interest to sell the entire note, 85%
eventually opt for a partials or splits. This is
particularly attractive when a noteholder has a large balance
owing, a large balloon or an extensive number of payments
remaining.
By opting to liquidate just
a calculated number of remaining payments, the noteholder
can receive exactly the amount of cash he needs right
now, retain future income from the payments
not assigned plus the option to repeat the program
again in the future.
This Service:
-
Gives your client an
option in selling his property.
-
Allows these individuals
the opportunity to perhaps purchase another property
through you.
-
Can result in more
commissions for you.
-
Referral Fees are
offered to you for each purchased note that you refer
to us.
-
Request
a Realty Quote
-
Contact
us
-
A
Gold Mine in Your Filing Cabinet
Other Services Include:
-
Certified Note
Appraisals for Financial or Estate Valuations
-
Consultations
prior to the sale to help make the Note more saleable
in the future.
-
We work with
Individuals, Attorneys, Accountants and CPAs, Financial
Planners as well as Business and Real Estate Brokers,
Realtors and Mortgage Brokers.
Request
a BUSINESS Quote | Request
a REALTY Quote |
Other Quotes | Contact
Us
Your past client
would like to buy another property but
his cash is tied up in a note created by the sale of his past
property.
How
do You help this client?
*Subject to all
due diligence and underwriting criteria.
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