Can't get anyone to buy your house? The way the ecoonomy is going and the way the banks are being strict on lending is making it difficult. Hang in there because there are still ways to get yor home sold. If you followed my advice in my blogspot blog called sale your home then you should be able to find potential buyers. Now I am going to help get creative in the finanancing part.
There are more options out there than a bank or real estate agent. If the buyer really wants that house but does not have good credit you just have to get creative a little. I am going to show you two that may be helpful
The first thing we are going to look is a lease option. This is when the seller gives the leaser the exclusive option to purchase the house. The price of the house is usually set at the beginning of the agreement and the monthly payments and down payment can be applied towards the down payment. If the tenant displays good performance meaning he pays the option deposit, makes rental payments on time and takes care of the minor maintenance he earns the right to exercise his option and buy the house. If not, he forfeits a majority of the deposit
Contract for deed is another option that you as a seller have. A contract for deed is an agreement in which the buyer makes monthly payments towards the purchase of the property to the seller. The seller will retain the title until the payments agreed in the contract are met. Equitable title gives the buyer the right to enjoy all of the benefits of ownership but cannot use it as collateral for a loan since he or she does not have the title. When the buyer pays the amount on the contract the seller will then turn over the title.
Before you even look into doing one of these options make sure you do your research because those unfamiliar in real estate will find it very difficult to do. This is also an option only it you have the time and do not need to have your home sold quickly. There are ways to get your house should at a much faster rate even in today's slow market.
Those are not the only to options that homeowners have. There is a program that I really recommend and it has helped people sell there home pretty quickly. You can learn how to sell your home in 21 on my blogspot blog called sale your home. It is very infomative and can really help you out.
So remember that there are ways to get your home sold other than the traditional methods. You just have to be a little more flexible.
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