Selling Your House Fast Info.

Being Flexible to Sell Your House Fast

Posted on July 1st, 2009 by Kimberly Edwards

Sometimes, especially in this tough economic downturn, it is necessary for home sellers to be somewhat flexible.

What does that mean?

That means, having options for your buyers.

Have different prices and options ready – a straight out sale price (that they will purchase outright or obtain a mortgage), an owner financed price (meaning you act as the bank and hold the mortgage collecting payments over a long period of time, and/or you can sell the note after a few months and collect a slightly discounted lump sum), and possibly a lease option purchase price and a rent-to-own price.

Due to being less optimal for you as a seller, the lowest price out of the group of the above options would be the straight out sale price, followed by the owner financed option, then the lease option and finally the rent-to-own.

Different clauses and contracts are used for each option. For instance, a larger down payment would be required for the owner financed option – typically at least 10-15%.

As for a lease option, you may ask for a flat $5000 down. For a rent-to-own, you may ask for a deposit of about $1000 or first and last month’s rent.

These are a few creative ways to get some cash flow and the payments made on the property you’re trying to sell, even if someone can’t purchase it outright due to not being able to qualify for a loan.

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I hope you enjoyed this post on Selling Your House Fast on Selling Your House Fast Info! Until next time…

Be Flexible,

Kimberly Edwards