THE CASH FLOW CLARION
Focusing on current trends in the cash flow industry and answering frequently asked questions about owner financing and cash flow notes

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Frequently Asked Questions Part 2

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This entry was posted on 4/30/2006 7:58 PM and is filed under Simultaneous Closings,General Information About Cash Flow Notes,Selling a home,Real Estate Notes.

Question:  Does your home sales strategy involve "no-money-down"?

Answer:  No.  You should never sell your home with no-money-down.

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Question:  Will your sales strategy work for other types of property?

Answer:  Yes.  You can sell a condo, town house, duplex, or apartments using this method.  In addition, it works well for commercial property.

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Question:  Does the strategy require lots of work?

Answer:  The strategy pretty much sells your home on its own.  The only work involved is getting your house ready to sell (i.e. cleaning and painting, etc).

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Question:  How soon will I see results?

Answer:  When you place an ad using the strategy, your phone will start ringing quickly.  We've seen people put a for-sale sign in their front yard and get instant results with the strategy.

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Question:  Do I have to do lot of silver' tongue dickering over sales price with buyers?

Answer:  No.  This strategy gives you the advantage of a seller's market.  Getting market value for your home is no problem.  Sometimes if your home needs repair, your price may need some adjustment.  Otherwise, market value can easily be obtained.

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Question:  Does the strategy involve a lease with an option to buy?

Answer:  No.  This strategy produces an outright cash sale.

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Question:  What if my home is in bad condition?  Will the strategy still work as quickly?

Answer:  Yes.  However, it's best to put your home in good condition.  You'll get a better price.  No matter what condition, location, or sales price, every home will always have a number of interested buyers.  This strategy will make your home stand out over similar homes to yours.  Why?  Buyers will realize its easier to buy your house over other similar homes when you use the strategy.

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Question:  Does the sales strategy involve bidding?

Answer:  No.  However, you could use a bidding method with the strategy if you want.

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Question:  Do I need a lawyer?

Answer:  Yes.  Line up a good real estate lawyer to help you close the sale.  Don't prepare sales documents on you own.  A good real estate attorney will protect you.    


If you are selling a home and considering offering owner financing, you need to know "How To Sell Your Home Fast In Good Or Bad Markets".  This manual will walk you through the process of preparing your home for sale, marketing your home, finding the proper buyer, successfully structuring the mortgage or trust deed, and selling the mortgage or trust deed for cash (if you elect to do so). 

 

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