Tidal Wave, possible Tsunami...either way, Some Great Surfing

By
Services for Real Estate Pros with KC Improved Housing Solutions

Current financial market conditions has rejuvinated an age old form of financing for current home sales.  Seller Financing.  There are many people today, trying to sell their home, hitting major road blocks with Buyer's that are good people, able to make the payments, but cannot, for one reason or another, qualify for a bank loan right now.  Savvy Sellers should be offering seller financing and getting creative to get the deal done.

Buying a house and having the Seller keep his existing loan in place until the economy turns around and the Buyer can better qualify to cash out the Seller is a great option.  Especially if the Seller can afford and qualify to go out and get another home loan without paying off their current mortgage. 

I'm not a Real Estate trainer, but with a little coaching and a willing Seller and Buyer, it can be done and quickly.  Far less closing hassles dealing with current conventional lending requirements.  If you have gotten a mortgage lately, you have to practically get the Pope to sign in blood before they will loan you the money. 

Buyers...talk to FSBO Sellers about carrying back part of the financing or possibly a major portion of it.  Sellers...consider offering creative options to allow somewhat marginal Buyers the chance to own your home with your help.  There are payoffs if it is setup right.

If you have any thoughts, please feel free to comment or share your experiences.

Doug Voss, KC Improved Housing Solutions

                     913-856-5466

                                       agent for Realty Resource of KC

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Kansas Johnson County Overland Park
Groups:
FOR SALE BY OWNER - MARKETING(FSBO)
Overland Park
Overland Park Real Estate
Millionaire Real Estate Investor Referral Network
Johnson County Kansas Real Estate
Tags:
buyer
first time home buyer
lease option
rent to own
seller financing
real estate
kc improved
kc investment property

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
945,390
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Chesterfield, MO
SelectAnn.com

Doug,

Rent the house to the people who cannot afford to buy it...  Or lease to own.

Ann

Sep 24, 2008 10:23 AM #1
Ambassador
2,457,811
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    We invite you back to ActiveRain in 2017.

  Much has changed since your last blog post.

  Best to you!

Jul 13, 2017 07:34 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
3,342

Doug Voss

Ask me a question
*
*
*
*
Spam prevention

Additional Information