3+ ways - Posted by karp
Posted by karp on December 02, 1998 at 08:15:55:
Okay maybe there are more.
I think the issue here is you haven’t addressed what YOUR critical need is.
If it is cash you are in need of, lower the price to under market, have a mortgage professional such as myself prequalify the heck out of the buyer and slam dunk it.
If it is speed you need, offer terms or some seller carryback to make the qualification go faster for the buyer. Just be aware of where this will put you (ie with a 2nd position note, etc.)
Offer a combo. Find out what the buyers “selling” point and address that. Decide whether the agent you may or may not use is going to hustle. Offer to pay an extra point in commission for a quick sale.
As far as selling a note for cash as a sort of dual close. Lots of people can do that, the challenge here is it is a niche play and more often than not will result in a greater discount AND take longer than some sort of conventional financing with you offering an assist of sorts…
Remember all these are predicated on you being aware of what YOUR needs are first…
aka Karl Hartley