Seller Funding Can Help Real Estate Investors


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One of the hardest problems for beginning real estate investors and experienced ones is finding financing for their real estate investments. After all, an investor can make offers all day long, but if he doesn’t have the finds to put on the home, his offer is worthless. Unless you have a steady stream of cash or perfect credit, obtain those investment funds can be pretty tricky. That’s where using seller financing can help real estate  investors have big success.

On some homes, the seller is willing to finance all or part of the asking price for the buyer. This is known as seller financing. A large determining factor is whether the seller needs all of money now or if he can use part of it doled out on a regular basis…like a paycheck.

Not every homeowner is willing to use seller financing. However, there are some sellers that are more willing to accept this kind of arrangement. Properties in poor condition are less likely to receive a decent asking price let alone a good buyer. Properties that have been on the market for six months or longer usually have sellers that are ready to move on. Homeowners that are staying in the area are more likely to accept seller financing as well. They will be in the neighborhood and can pick up their payment.

The only problem is finding a homeowner that is willing to accept seller financing, especially if it wasn’t his idea or something that he had advertised. It will be up to the real estate investor to propose the idea and have the numbers worked out to show the homeowner.

The proposal should include any estimates for repairing and renovating the property. An explanation of why these things need repaired may need to be included. This amount should be taken into account when giving a final offer. In addition, the real estate investor should propose a down payment, length of loan, and payment amount per month.  This will help the seller to see how beneficial the arrangement could be. Seller financing can alleviate many of the funding problems the typical real estate investor experiences.

For more ideas related to real estate investing, call or visit us today at Homevestorsfranchise.com. We are the nation’s number one home buying franchise with over 15 years in the real estate industry. Our company has a wide variety of real estate investments and real estate franchise opportunities available. Come see how we can help you grow your real estate business!

 

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