The first one is by providing Terms for the buyer where they go out and get a new loan.



You get all cash for the property, but you pay for their costs to purchase. This is where the seller pays up to 6% of the buyer's cost to purchase the property. The buyer must qualify for a new loan, but the seller pays part of the down payment and/or closing costs.

The next type of Terms is where you carry part of the note and the buyer gets a new loan.

This works great for people with bad credit. With less than perfect credit a borrower might only be able to qualify for an 80% of the purchase price. The seller can carry a note for the remaining 20% and receive payments over time.

The next type of Term sale is terms where the seller carries the entire note.

In this scenario the sellers gets 5% - 10% as a down payment and then carry the remaining balance in the form of a note. This can be very profitable over time because of the interest payments received. It also defers taxes on the sale. You basically become the bank.

The final type of Term Sale is a Lease Option or Rent-To-Own.

You can usually get 1% - 5% down and can sell it for 10% or more than its market value because the actual purchase does not take place for 1 - 3 years in most cases. The buyer becomes responsible for the property so it can be much better than renting a property because the seller is not usually responsible for the maintenance of the property.

These are creative ways to sell a property. The more options a seller will consider gives them an advantage over other properties that are on the market. This is especially a few good options if the seller really needs to sell the property quickly.