Distinctive Financing Options for Selling Home- I
Selling home owner financing, buying home before selling, buying a home check list
Selling a home these days has become rather the tough job quite alike
buying. This is precisely because the market is oozing with listed homes,
but the buyers can�t afford to buy them as the lending rules have tightened
up. The situations could have changed a little if the struggling buyers
and the anxious sellers could join their forces in achieving their goals.
This can be termed as �Creative Financing�.
This is exactly what the real estate expert and co-author of "Making
Hard Cash in a Soft Real Estate Market" Wendy Patton suggests. An
aspiring seller can gather a pool of buyers including all those prospective
buyers who are unable to qualify for a standard mortgage.
One of the unique options using which the sellers can manage to entice
the buyers is, to find out whether the lender is allowing a mortgage assumption
as that will allow the buyer to take over an existing mortgage. Provided
the present market conditions this can be negotiated with the buyer. This
would be easier than foreclosing the property.
