ver coffee with a friend revenue property as they needed
she mentioned that her the sale proceeds to fund the new
parents are planning to home they were building. Like so
move out to the country to retire many people they were hesitant to
and will be selling their home in commit to a realtor because they
the city. I told her that when have to put their faith into that
they were ready to let me know as person not to mention the hefty
I would be interested to buy it. fee they would pay. Now don’t
She said that they had originally get me wrong, I often use a
low-balled what they were going realtor and have nothing against
ask for it as the bank appraisal them making a living, but it can
came in almost $30,000 higher be a scary process if you are
than their figure. I told her to unfamiliar with it. They didn’t
consider it sold and took another want to put their home up for
sip of my coffee. She looked at sale too quickly as they needed
me quizzically and asked why on somewhere to stay for another
earth I would want to buy it for four months while their new home
full price. is finished. On the other hand,
To an unsophisticated investor is if they waited too long they
does seem like a stupid thing to might be left paying two
do. However, when you are into mortgages until their city home
creative real estate investing it sells. It can lead to ‘analysis
actually makes a lot of sense. paralysis’, which can be just a
You can find out more by going to detrimental as leaping without
www.albertarein.com . looking.
Her parents were unsure of what I assured her that everyone would
to do or how to do it when it win if we went ahead because we
came to selling their home. They would each walk away with what we
didn’t want to hold it as a wanted most. In a red-hot real
estate market like the one I live estate sale and everyone
in in Edmonton, Alberta, it is a literally gets what they want out
myth to think that you have to of it.
get a reduced price on property
to make it a good deal. I Speaking of emotion, her mother
explained to my friend that if practically danced for joy when
her parents sell their home to me she told her that they could sell
now, even at full price, I would the home to me now and stay in it
see an appreciation by this time as long as they want to while
next year, which will have made their new home is being built. I
it worth my while. On the other can choose to rent it to them
hand, if they sell to me now they while they stay or take their
get their sale proceeds right rent off of the purchase price
away which reduces their anxiety but either way it's a win/win and
about finances. As well, they we all walk away with what we
can continue to live in their want.
present home until they are ready
to move out. With construction They are happy because they get
trades going wild there would be to stay in their home no matter
a definite possibility of their how long their new home takes and
possession date getting moved, I am happy because I can buy that
even a number of times. This way home at today's price and watch
they could stay as long as they it appreciate while they take
want with no pressure and I have care of it after the sale. We
great tenants who love my new all win and everyone is happy.
property and will care for it Who could ask for anything more?
while they live there. There is
really no down side to this real
About the Author:
Rhonda Hoffman is a successful author and regular contributor to http://www.iwebinvestor.com
Read more articles by:
Rhonda Hoffman
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