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Three Tools To Save You Thousands of Dollars Compared To the Standard Real Estate Fee
It's an economic rule: "Increase your demand and your price will increase"
Real estate is no different and the first two savings tools reviewed here increase
the pool of potential buyers up to 30% or more by helping lower income buyers
and apartment residents obtain financing.
One experienced investor only sells his investment properties using "seller financing" or
"rent to own" because he feels it increases his net cash flow in four ways:
- Selling price can be increased 2-4% due to increased demand
- Buyer concessions at closing are reduced saving 0-2%
- Buyer required fix-up and repair requests are reduced saving 0-2%
- Carrying costs are reduced because the home sells much quicker.
Carrying costs are the expenses you have to spend until the house
is sold and closes which can take months. Most of his homes are vacant
so those costs include all financing costs, property taxes, home owner insurance,
home owner association dues, utilities and general maintenance expenses
to keep the home saleable. This investor assumes an increase in net cash flow of
between 2-6% for his average saving of three months in closing time.
It's easy to see why he always uses seller financing of some form -- he saves between
5 and 12% and sells the home much quicker so he doesn't have to worry as much. Just think
these savings are in addition to the 6% real estate commission and also don't take into
account that many times the home will not even sell without something to make it special.
Now, here are two tools that allow you to use seller financing and that have net
costs that are less than most real estate commission and are reasonable compared to the potential savings.
Tool One: Easy Money Mortgage
This is truly a unique idea that is offered by a company on a national
basis. It works like this: You advertise that you will offer Seller Financing
even for those buyers that have damaged credit ratings as low as 550. Down payments
can be as low as 5%. This tool is not only effective with low income buyers -- many
self employed or high income earners also
have trouble getting credit and can be attracted by this sales feature. This company has
done deals as high as $1.9 million.
Now you are probably saying that I won't receive cash
under this system, but that is the beauty of this tool. For a reasonable fee, the company will
buy your note from you at closing so you get to offer financing and still
receive cash at closing.
Click Here for more information and an online
application to receive a Seller's Kit at no cost or obligation to you. This kit will describe
in detail the steps in the program and the cost.
Tool Two: Neighborhood Gold
This is a grant program that is used in conjunction with almost all forms
of financing including traditional conventional and FHA financing. It provides
the down payment and/or closing costs to the buyer at no expense to them. There
are thousands of apartment dwellers who have enough income to purchase a home but just
can't save the few thousand dollars necessary to obtain financing. This program opens
up your home to that market.
Click Here to go to their website.
Tool Three: Special Colorado Listing Program
I have arranged for you to qualify for a special program offered by the realtor
that I use to sell all of my properties.
You will deal directly with the
owner/broker of a small but very aggressive real estate company that is
using some tools even the big guys aren't using. He has over fifteen years
of experience in this market and he can make sure you don't make those mistakes
so common in pricing and negotiating.
This program offers the following features:
- Listing in MLS Service (Despite what the big companies try to tell you
more than 90% of all listings are still sold by a simple listing in
the MLS system)
- Free staging by a professionally trained consultant. Jan is the consumate pro and has
consistently shown by taking steps to show your home properly you
can sell your home quicker and for more money.
- Your staging professional will often recommend small changes that may cost a little
bit of money. These changes are typically cosmetic such as repaint a
certain room a different color or replace a rug in a room or area of the home.
We will pay for up to $1,000 of these costs at no cost to you.
- Weekly advertising that has been proven to attract 5-7 times more buyers
than the traditional methods in use by the larger agencies.
- Special voice mail message that describes your home in much
more detail than can be found in any printed advertisement. This
number will be used in the weekly advertising.
- Both internal and external pictures and a full detailed writeup
on your home will be included on a special internet site used
only by this company. This website will be advertised both in the
paper and in the voice message system.
- Listing in public REColorado website
- Full support in all negotiations
- $1,000 credit towards your closing costs if we find the buyer for
your home through our advertising.
There is no question you increase your chance expotentially by listing
your home with a realtor and listing it in the MLS system. You expose
it to thousands of realtors who have buyers and now you can both maximize your
chance of success and save thousands of dollars compared to most other
sellers on the market.
For more information on this program call Steve Story at (303) 679-7369.
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