he competition is fierce There is the option for the
and there are more homes seller to carry part of the note
for sale in the bay area for the buyer and charge interest
than ever before. This market is on the loan for a short period.
different than any other market The problem with this is the
that has been in past years seller is at risk for that note
because loans are very difficult considering they would become
to get. There are all the wrong subordinate to the primary
ingredients in this equation to lender. If the seller chooses to
have a completely favorable explore this as an option, they
outcome. The million dollar should make sure the buyer can
question: How do I sell my home attach some sort of asset for
in a down market? security, check the buyer’s
credit and get references both
Most of us think that the selling professional and personal. This
price and the location are strategy can work for sellers who
everything when it comes to have equity in the property and
selling a property. The problem can wait for some time to get
that many buyers are facing today compensated for the balance of
is getting qualified for the loan the purchase price.
and the affordability of the
monthly payments. It may be A very common approach is the
helpful for sellers in this option for the seller to help
market to put themselves in the with part of or all of the buyers
shoes of the buyers to come up closing costs as an incentive to
with potential solutions to their purchase a particular property.
problems. There are some options There are options of offering
for home sellers to get a fair some sort of vacation package or
price and help buyers enter the even a new car if the deal
market place at the same time. closes. A better strategy may be
to provide seller credit toward buying down the interest rate on type="text/javascript">
About the Author:
Team Enterprise is a group of active real estate professionals in the Bay Area. Contact Team Enterprise Today!
http://www.teamenterprise.com
http://www.mattlarsenhomes.com
http://www.webproagent.com
