Property sitting on the market too long? Agents are encouraged to introduce the idea of seller financing to all the FSBO's out there. So MANY  do-it-yourself sellers have no clue on how to properly sell their home, and when it sits on the market, they wonder why. You can't save enough in commissions than hiring an expert.

A great angle to take when calling FSBO's is to "advise" them on offering their property using seller financing. By a seller offering this creative way of selling their property, the seller is saying that they will finance the deal after the buyer pays the standard 5% to 10% down payment. This will attract a large pool of buyers that do not have the best credit score to obtain a mortgage privately through the seller and not have to go to a bank.

This is a win-win-win for everyone involved. Why?

1) The seller has sold his/her property quickly

2) The agent who advised the seller on offering seller financing has given the listing to that agent.

3) Once the deal is done, the seller can sell his future cash payments on the note for a lump sum of cash.

There are literally billions of dollars of seller financed notes in the marketplace. More so now then ever before due to the overwhelming inventory. Essentially, sellers almost need to offer seller financing during these times. It's the way to go!!

 

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Jared M. Wiener

Manhattan, NY

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JMW Funding Group

Office Phone: (888) 510-7799

Email Me

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