house lottery florida

house lottery florida

How to Sell a Home Fast

The real estate market operates in cycles. Anyone who has bought or sold a home is familiar with the terms “buyers market” and “sellers market”. When there are more houses for sale than there are buyers, it is a buyers market as sellers are reducing the price to sell. And the opposite is true. When there is a shortage of houses on the market, it is a sellers market as buyers compete for the same house often offering more than the asking price when they find a house they want.

What can you do to avoid a loss when you need to sell your house in a buyers market? Owner financing just may be your answer to getting top dollar for your house in a buyers market. Listing your house as “owner will carry” or “owner financed” immediately increases the number of potential buyers for your home. There is a segment of the population that can not qualify for a traditional bank loan. These people may be very responsible but they have something on their record from years ago that keeps them from meeting the bank criteria for a home loan. The pool of houses they have to choose from is very small because they are limited to looking at only owner financed houses. When they find a house they like, they are often willing to pay more to own their dream house.

If you choose to finance the sale of your home, you may not need a real estate agent. You can list your house on the internet and run ads in the local paper. You will, however, need an attorney. Your attorney will advise you and draw up the loan papers.

When you decide to finance the sale of your house, there is one financial decision that you should make before you actually list your property. You need to determine if you prefer to actually carry the loan or sell it to a third party. This is a decision similar to the one big winners of the Lottery must make. Do you want a reduced lump sum at the time of sale or do you prefer monthly payments for the life of the loan where you earn the interest paid by the buyer as well as the asking price?

If you need to receive a lump sum at the time of sale, you will need to locate a third party to purchase the loan from you. It is advisable to find a party to purchase the note before you close on the sale. Some people who purchase loans require certain conditions in the mortgage document. Knowing this up front allows you to accommodate the note buyer’s demands when you structure your mortgage. Securing a loan buyer up front also means you will not have to wait for your money.

How do you find a note buyer? The internet is a good place to start. Search for “buy monthly payments” or “buy mortgage payments” and you will find a lot of options to investigate. If you are not comfortable finding your own note buyer there is a group of middle men known as cash flow specialists or “finders” who will assist you in locating the right note buyer. You can also find a cash flow specialist on the internet. The advantages to working with a “finder” are that they are familiar with what the note buyers are looking for and they have more contacts to assist you in finding a note buyer.

Don’t be discouraged if you need to sell your home in a buyers market. Try owner financing and you may be pleasantly surprised at both the speed at which you are able to find a buyer and the price they are willing to pay.

About the Author

If you need to sell your home in a buyers market, use a note buyer and stop lowering your price. Call John Manzanet today and start preparing for the big move! 850-232-1160. http://www.sell-real-estate-notes.com

If you won the lottery how would you spend the money?

I would buy a house and maybe a new car. Then I would pobably dedicate most of my time to helping people, homeless people, kids, people with real problems. Maybe I would volunteer at the hospital in the children center trying to make them laugh, help homeless or troubled teens. Dedicate time to cleaning up the Florida Everglades. What would you do? Oh and maybe buy a horse, lol.

First thing I would do is 1.) buy a satellite phone and top-shelf laptop, 2.) get on a plane to a tropical place(with you, of course!) and 3.) start researching the best investments to make sure my money multiplied itself while I lived. I’d design the perfect sailboat, outfitted with jetskis, fuel, food/water/supplies and generators to keep me safe in any emergency and then I’d decide where I wanted to base myself. Finally, I’d set up accounts in a way that no one would know where I was unless I wanted them to, but would make sure that my family and friends were a little less stressed and able to live comfortably with whatever they wanted to do in life…and then just enjoy.

Ada and her daughter Leany – Homeless but Hopeful