The Smart Solutions Team

The REAL ESTATE BUYER’S AGENT COUNCIL answers some frequently asked questions, important when considering alternative buying options.

Pre-Forclosure
Foreclosure Stage
REO (Real Estate Owned)
What is a Short Sale?
Questions to Ask Yourself
Next Steps

“Copyright REAL ESTATE BUYER’S AGENT COUNCIL. Reprinted from REBAC.net with permission”

The race is on: Sellers want to SELL. Buyers want to buy & qualify for the tax credit.  The deadline for purchases is April 30th. What can you do?

There are buyers that want to buy what you have to sell, however for any number of reasons, they do not qualify for conventional financing. Be assured, they will be able to qualify at some point, but for the time being, they are out of the market. Perhaps they had a short sale on their last home, have a few bumps and scrapes in the credit department or just don’t have enough time on the job to qualify under the current guidelines. They might even have a home to sell that needs to before they can purchase.

We have an app for that!

Enter the new age of the land contract, the age old form of owner financing that allows a buyer to purchase a home and qualify for up to $8,000 in tax credit monies and allows a seller to get great financial terms. Under the current IRS guidelines for the tax credit, a land contract agreement or other seller financing instrument qualifies but still allows the seller to retain title to the home as assurance that the buyer will perform.

Utilizing the services of a savvy team of real estate professionals will assist you in determining whether or not this type of solution is right for you. I use the services of a trusted real estate attorney as well as a team of experienced title representatives to assist me in successfully implementing this type of owner financing.

To learn more, please contact me directly. See how you can actually earn MORE on the sale of your home and stand out from the competition by offering flexible terms.