If you have been watching the news the last couple days, then you know that the reports say that it is getting harder and harder to get financing for cars, college, and especially homes. But, what does this do you, for the average home owner that has a home they have to sell?

I can tell you it leaves you in a position that a normal agent will either have to wait until the banks start lending again or start lowering the price until you find someone who can either pay cash or has a good enough down payment and credit to purchase your home.

Well, that doesn't have to be the case! Have you ever heard of owner financing? I've been in the market of selling homes on owner financing for 4 years now and I can tell you that more and more banks are letting sellers sell their homes on owner financing because they would rather have the payments coming in instead having to do a short sale or a complete foreclosure.

What does this do for you the average home owner? It gives you a chance to sell your home to a good qualified buyer and make money on your property just because the banks have gotten themselves in trouble and have no money to lend. Imagine making $50,000-$100,000 on your home instead of having to take a $25,000-$50,000 loss because you have to sell.

For more information on the advantages of owner financing please give me a call and you can take that home that you thought you couldn't sell without taking a loss and turn it in to a very large profit center.



Todd Clark - broker
Kastings & Associates
Phone: (503)524-9494
Fax: (503)622-8739

 
This post has been included in Oregon Information Washington County, OR Information Tigard, OR Information
Post is included in group: Creative Financing, Grants Deal Closers
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9 Comments on Do you have a home to sell? Owner Financing maybe your only option!

OCT
02
2008
424,318 Points 36 Featured Posts Outside Blog

TC,

BTW, will banks announce in the newspapers "We're now lending again"..!!! Thanks,   Fran

P.S. It would be nice to see a list of 'you can borrow from us' companies!!!

1:17pm • #1
141,066 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router

Todd - Kudos to you -  it seems that you have become an expert in all aspects of real estate - is there any niche that you don't fit into?  LOL

2:28pm • #2
OCT
04
2008
195,045 Points 29 Featured Posts Outside Blog

I've been recommending this to more and more home owners, but they are still gunshy. Like you...I believe that it is the reasonable solution. GBU!

12:56am • #3
301,022 Points 15 Featured Posts Localism Sponsor Outside Blog

Hi Todd,
Yes, that is a possibility but I agree with Elizabeth most are not comfortable with the idea--I believe that we must educate them to the advantages.

9:23am • #4
864,717 Points 68 Featured Posts Outside Blog

Fran - That list would be changing so fast I think in the next couple weeks, I'm not sure I want to be in charge of that list.

Virginia - There are plenty of niches that I'm not part of! TRUST ME!

3:27pm • #5
864,717 Points 68 Featured Posts Outside Blog

Elizabeth - It is either that or take a loss and for most it shouldn't be a question!

Cynthia - I agree that there are a lot of people that will never be comfortable with the idea, but the ones that are, will be rewarded greatly for it.

3:32pm • #6
141,066 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router

Todd - my mom always said that when a man says 'trust me' - run like the devil!  Just kidding.  I trust you.

3:38pm • #7
864,717 Points 68 Featured Posts Outside Blog

Virginia - I'm also the first man in history to admit he doesn't know something, so there! What would your mom say to that?

 

3:42pm • #8
141,066 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router

Todd - She would probably say you are playing dumb, just to trick her, cause she wouldn't trust you.  :)

5:56pm • #9

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Todd Clark (Broker) (503)524-9494 (Beaverton, Oregon Real Estate Expert)

Beaverton, OR

More about me…

Palazzo Realty Group

Address: Beaverton, Tigard, Aloha, Hillsboro, Tualatin, Portland, Oregon City, Sherwood, Lake Oswego, Gresham, West Linn, OR

Office Phone: (503) 524-9494

Cell Phone: (503) 524-9494

Email Me

Helping Families Home is a blog set up to teach you to invest your money and maximize your profits in Real Estate. Starting with your first home all the way to your 150th investment property. Creating wealth through real estate is the best way to financial freedom.


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