Tag Archives: offering
Sell Your House Quickly Using Seller Financing
The sad fact of the matter today is that the vast majority of real estate listings expire, and many houses go unsold. One of the key reasons for this is that there are many great houses on the market, yet not so many good buyers for them. The market for house sellers is very competitive. And anything that you can you can do to make your house more unique than your competitors will help you.
One way to make your house more unique is to offer seller financing. When you offer your house using this kind of financing your house tends to stand out from the crowd, much more than if you dont. In addition, by offering seller financing the number of potential buyers for your house goes way up. Thus, allowing you to sell your property much faster.
Also, today many sellers, in an effort to sell their property, are forced to reduce their selling price substantially. However, by offering seller financing you can usually get your asking price or very close to it. Prospective buyers of your property will pay more for premium seller financing for a variety of reasons.
One reason is that they will have less closing costs. With a traditional lender they would have to pay all of the associated points, lenders fees, and a lot of other lenders nonsense fees. But with seller financing the closing on the loan can take place in matter of days, without all the lenders reviews, committees, red tape, hassles, and paperwork.
And since you are in actuality loaning the buyers the money to purchase your house, they will be making their payments directly to you on the private note you created by using seller financing. And, if you ever tire of collecting those payments or you ever need money for an emergency or other reason. Then you can always sell that note or part of that note for a lump sum cash payment.
Indeed, to sell your house quickly in todays competitive buyers market you must have a competitive edge. There are just far too many great houses out there, and not as many good prospective buyers. Yet by offering your house with seller financing this will give you just the competitive edge that you need to sell your house quickly.
Berwyn J. Kemp is a consultant, for more information on selling your house read his special report titled How To Sell Your House Fast at: www.bkemp100.tripod.com, NOW!
Unsecured loans A sub-type of personal loans
It is a known fact that in a secured deal, collateral protects the lenders investment, and thus makes it easy for him to part with his money and facilitate the borrower with loan benefits like quick attention, high credit limit, competitive low APR, variety of rate plans, different repayment methods, and negotiable loan terms and conditions.
Unsecured loans, a sub-type of personal loans, do not offer the above-stated benefits. But, they are still catching up in the UK loan market. So, what are the reasons behind the growing popularity of unsecured personal loans?
The most significant reason is that irrespective of the loan seekers capability and willingness to pledge collateral, this personal loan sub-type can be availed by all tenants, students, homeowners and property owners.
We all know that homeowners and property owners can easily take advantage of their valuable assets to avail favourable secured loan deals. However, pledging collateral may not be always practical or essential.
Hence, unsecured loans is a better alternative for people who are capable of offering collateral, but are unwilling to get into property related legalities or risk their property for a small monetary requirement.
Also, as every UK resident is not a homeowner or a property owner, unsecured personal loans is the only credit option for people who are incapable of offering an asset as collateral tenants and students. This no collateral attribute in turn leads to:
Less paperwork and quick service in the absence of lengthy property evaluation procedures
No immediate risks in the event of repeated defaults or non-repayment of the loan amount
Hence,unsecured loans are ideal for small monetary requirements, as offering collateral may be unnecessary. And, for urgent requirements too, as getting into extensive property evaluation procedures may be unfeasible.
Besides advantages, no collateral attribute has disadvantages too, as the lenders investment remains unprotected limited amount, high interest rates, fixed payback option, and preset loan terms and conditions.