Financing is the Key to Selling in Credit Crunched Market

By: Kathleen Couch

You have done all the minor repairs, cleaned, arranged, staged, appealed to the senses with inviting smells, and lots of light. The location is convenient to everything. You have followed conventional real estate wisdom in re-pricing the home lower than the competition, and have added closing costs paid by the seller. So, why won't your house sell?

Although everything listed above is important to sell a house, the problem may not be the house, but the financing. In fact, because of the big changes in the mortgage industry, financing is the number 1 problem in selling. This is especially true if your home is the typical first time homeowner property.

This series of articles is for anyone in real estate, and real estate related industries. The homeowner, real estate broker or agent, mortgage broker, closing attorney, or any other services or industry directly or indirectly related to the real estate market. What has worked in the past to give you business is not what will provide a winning solution for the present. You must become aware of alternatives in financing, and how it works. For example if you are a closing attorney, and only know the typical closing transaction, using traditional financing, it is time to broaden your knowledge, and learn other financing options for the transaction.

The banks have made big mistakes lending to applicants who did not actually qualify for the loan. Now those loan programs, and many of the banks have disappeared.

Today, I will list some methods that can be used to sell your real estate.

Ã?â‚??Sell by Lease Option, Lease Purchase, or Rent to Own

Ã?â‚??Sell with Owner Financing

Ã?â‚??Sell by "subject to"

Ã?â‚??Sell by Land Contract or Agreement for Deed

Ã?â‚??Carry back a second

Ã?â‚??Rent out the Property

Upon first glance, it may seem that these methods will not work for you. It is true...they will not work for everyone. I will be revealing techniques within these methods that can make it work for you!

Listed below are some related articles I have written.

The Smart Investor's Advantage-Owner Financing

Lease Options-A Good Investment Option?

How I Get A House Ready For Sale...the Curb Appeal

Don't miss the upcoming posts on Real Estate Investor Girl. I will be explaining more about the key to selling in this market. Why not Subscribe ? Please leave comments or questions below.

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