In the real estate market today, it can be rather hard to sell your investment property, even if you are offering prospective buyers a good price. The reason it can be difficult to sell your properties in times like these is that with the economy in the shape it is in, too many people are losing their jobs and their homes.
The Problem
A great number of homes are being sold due to foreclosure, while others are being sold in exchange for smaller, more affordable properties. This means that there is an abundant supply of properties available for purchase in the current market.
In addition to the abundance of available homes, mortgages are not so obtainable. Even well qualified buyers are being turned away by lenders are unable to get a loan to purchase a home.
The Solution
The truth is that it all comes down to marketing. If you plan to stay afloat in the real estate industry when the market is slow, you need to hone your marketing skills and create a campaign that will stand out in a crowd. One way to gain a marketing advantage over the competition is to offer seller financing when you sell your investment properties. Owner financing comes in many different forms, including:
• Agreement for deed/land contracts
• Lease options/lease purchases
• Seller carry-back notes
• Subject-to
• Wrap-around mortgage
Take the time to research each transaction type and decide which one will best suit your needs. Read as much on the subject of real estate in a challenging market as you can. The most important aspect of real estate investing is to educate yourself on all areas of the market. The more knowledge you have about the real estate market, the better you will be able to adapt no matter if the market is booming or falling.
Property Options Australia
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Tags: real estate investing, sell your investment property, seller financing
{ 2 comments… read them below or add one }
Hi Sean,
There are a lot of different ways to sell your investment property. I think before you jump into seller financing, you need to educate yourself on the various strategies.
You are giving us a lot of great information in this blog. You make it all very easy to read and understand. I’d just feel better with a mentor to hold my hand.
I did not know there were so many ways of doing seller financing. I had heard of lease purchase agreements but that was all. Thanks for educating me.