What is the first thing a real estate agent does when property is not moving and has been on the market for 60 to 90 days? They reduce the price and add the tagline "price reduced" to all advertising and signs. Rather than reduce the price, it might be beneficial for the seller to offer financing. Buyers provided with financing can certainly pay full price in exchange for the many benefits they receive with owner financing, including the money they save by not paying expensive loan fees, origination fees, and points.
By offering owner financing, the seller increases marketability with a wider group of available purchasers. Statistics show that almost 40 percent of the American population is unable to qualify for traditional bank financing. While not all of the "unqualified" group would be an acceptable risk for owner financing, it still widens the market of prospective buyers considerably.
Anyone who has added the words "Owner Will Finance" or "Easy Terms" to a For Sale ad or Multiple Listing Service (MLS) listing knows the phone will ring off the hook with interested prospects.
By offering owner financing, the seller increases marketability with a wider group of available purchasers. Statistics show that almost 40 percent of the American population is unable to qualify for traditional bank financing. While not all of the "unqualified" group would be an acceptable risk for owner financing, it still widens the market of prospective buyers considerably.
Anyone who has added the words "Owner Will Finance" or "Easy Terms" to a For Sale ad or Multiple Listing Service (MLS) listing knows the phone will ring off the hook with interested prospects.
Services
We realize that selling your mortgage note can be one of the most important financial decisions you make.
We also realize the entire process may seem confusing and we want you to know we are here to help.
We are committed to providing you the best possible service and handling every note transaction as if it were our own.
You have choices when selling your mortgage note - and we want you to be 100% confident in trusting us to assist every step of the way.
Metropolitan Properties is a note buying company located in Baltimore, MD.
We also realize the entire process may seem confusing and we want you to know we are here to help.
We are committed to providing you the best possible service and handling every note transaction as if it were our own.
You have choices when selling your mortgage note - and we want you to be 100% confident in trusting us to assist every step of the way.
Metropolitan Properties is a note buying company located in Baltimore, MD.
Why would a seller allow a buyer to make payments over time for the purchase of property?
Wouldn't the seller rather get paid now and require the buyer to obtain a bank loan?
Here are 5 reasons property owners offer seller financing: 1. Reduced Marketing Times What is the first thing a real estate agent.
Would you rather have $97,000 to sell your $100,000 note or only $80,000?
The difference in usually comes down to the big three.
Here's the three biggest mistakes note sellers make and how to avoid flushing money down the drain.
Wouldn't the seller rather get paid now and require the buyer to obtain a bank loan?
Here are 5 reasons property owners offer seller financing: 1. Reduced Marketing Times What is the first thing a real estate agent.
Would you rather have $97,000 to sell your $100,000 note or only $80,000?
The difference in usually comes down to the big three.
Here's the three biggest mistakes note sellers make and how to avoid flushing money down the drain.
Here are straight forward answers to the most common questions on selling mortgage notes.
We also invite you to visit our learning center filled with helpful articles and tips for creating and selling trust deeds, land contracts, and mortgage notes.
Circumstances change and many sellers would prefer cash today rather than small payments that trickle in each month.
Peace of Mind - no more worrying if the buyer is going to make late payments or having to foreclose.
A note appraisal reflects the current market value of your payments similar to what a real estate appraisal provides for real property.
We also invite you to visit our learning center filled with helpful articles and tips for creating and selling trust deeds, land contracts, and mortgage notes.
Circumstances change and many sellers would prefer cash today rather than small payments that trickle in each month.
Peace of Mind - no more worrying if the buyer is going to make late payments or having to foreclose.
A note appraisal reflects the current market value of your payments similar to what a real estate appraisal provides for real property.
Reviews
Be the first to review Metropolitan Properties.
Write a Review
