Creating Real Estate Notes Can Help Sell a House Quickly

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Banks and mortgage companies have been selling mortgage notes in the secondary for years. They even buy and sell those notes to other lending companies.  This most likely has happen to you or to someone that you know at some time or another.  Why do lenders do this?  They do it in order to keep a steady reserve of cash on hand to make other loans.

The information in this message is designed to help you understand about creating trust deeds, real estate notes, or if you have a business and have contracts you also have a business note which will bring you a cash flow that you can receive monthly payments, which brings you steady cash flows.
You can also have the option to sell whole or part your real estate notes, trust deeds or business notes.

The whole idea here is to first elevate your potential of meeting a home buyer to sell your home to.
Time and time again you might find houses that are for sale but are on the market for a very long time.  Most of the time home buyers don’t qualify for a 100% loan and must get 2 loans to equal the 100%.  The home seller can offer “Seller Financing” in order to get the house sold.

The home seller has one objective and this to sell that property as quickly as possible.  To do this you can create a trust deed which is secured by real estate.  This is a real estate note.  The real estate note has several purposes and the most important reason is to help the home seller close on the house.
The trust deed that you now have is because you agreed to finance the home buyer so that the buyer could get the house and you can your cash at closing.

Not only do you have cash at closing but you now have a real estate note that you will be receiving monthly payments on from the new home owner.  Your home is sold and you have residual income from the trust deed you created.  This creates steady cash flows from the trust deeds, real estate notes or business notes you may have. This is what “Seller Financing” is.  This occurs when the buyer makes regular monthly payments to you instead of the bank.  You now hold an asset that you can choose to keep for steady cash flow or sell part or all of it for cash right now.

This should motivate any home seller to give this a try, after all what could it hurt and it will be a win/win situation for the home seller, as well as for the home buyer.  “Owner-Financing” is widely accepted and is an alternative for the home buyer who can’t qualify for a conventional loan.  Even if you have real estate notes, business notes or trust deeds for a while you can generate cash flows by selling all or part of it for cash now.

Isn’t that great news for the home seller?  This will give the home seller a boost in getting the house sold.  Most people would consider buying that house if the they knew that the home seller was willing to create a real estate note or trust deeds to secure the home buyer qualifying for the house.

Just envision selling your home much faster then your neighbor down the street because you possess the key to selling your home.  “Owner Financing”.
You also have created cash flows created from your real estate notes, trust deeds, or business notes and that can be the key to your financial future.

·        Lisa Jones is a seasoned realtor affiliated with RE/MAX Bryan-College Station. She offers a one-stop source for real estate services and information about Bryan-College Station Real Estate. Visit her homepage for a complete list of real properties college station, and you just might find the home you have been dreaming to have.

Coinciding Settlements Clauses - Moving Issues

People who are selling their home in order to buy another frequently put a "coinciding settlements" clause into their contract offer on the new home. One reason for doing this is so they can move from one home to the other at the same time.

Coinciding Moving Day?

One reason people want coinciding settlements is so they can move out of one house and into the other the same day. Sometimes this works out. Sometimes not. If it doesn't work out, don't freak out. 

For example, if the house you're buying is a new one, it may not be completed and have an occupancy permit by the date specified. Are you going to risk losing the sale of your old home by insisting that settlement be delayed? Not if you're smart and you really want to make this change. You might explore delaying settlement, or the option of a "lease back" period. If those ideas don't fly, it's time to cope.

Depending on your budget and the length of time between moving out of your old home and moving into your new one, you could:

1) Have the moving company store your furniture and household goods, or

2) Rent a "smart box," pack your household items into it, and leave it parked in front of your old home, or park it in front of your new one (depending on who grants permission), or

3) Store your things in the basement or garage of your new home (with permission), or

4) Rent a storage unit by the month, or

5) Store your things in the basement or garage of a relative or friend, AND

A) Stay in a hotel or motel for a few nights, or

B) Stay in an extended-stay hotel or motel suite, or

C) Stay with family or friends, or

D) Go camping, or

E) Some combination of the above.

The point is to act like a mature adult. Be flexible. You're making a big change. The chances it'll go off without a hitch are slim. Keep things in perspective. Practice creative problem solving. You'll be proud of yourself and have a smile on your face when moving day comes.

 Lisa Jones is a seasoned realtor affiliated with RE/MAX Bryan-College Station. She offers a one-stop source for real estate services and information about Bryan-College Station Real Estate. Visit her homepage for a complete list of real properties college station, and you just might find the home you have been dreaming to have.

 

 

Make Money Today In Real Estate

The real estate bubble may have burst, but the fact remains that real estate is still an attractive investment.  You just have to be able to look at the advantages that are presented in the down economy.
Some say that the real estate market is in a depression.  Others call it a recession.  Others are in complete denial.   The third parties are usually those in politics or real estate agents.  Anyone who is trying to sell a home knows it is bad out there.  But the good news is that as bad as it is for sellers, it is a great market for buyers.
Anyone who has money to invest should invest part of it in real estate.  The reason for this is threefold:  The interest rates are rock bottom and not likely to get any lower, the housing prices are lower than ever and the market will eventually rebound.  You can still make money today in real estate, you just have to look at the property as a long term investment instead of the quick buck.
The days of flipping real estate properties that are accumulating so fast in value that you cannot keep up with them are gone for now.  They will most likely return, but not for a while.  Now you have to work with what you have which is a real estate market in which there are a lot more sellers than buyers.  This puts the buyer in the drivers seat.
Along with the fact that it is a buyers market, you can also work with the fact that the mortgage rates are lower than ever.  So you have an opportunity to buy low because the market is saturated with homes for sale and not enough buyers as well as an opportunity to get a good loan package because the rates are low and lenders are dying to make loans so that they can stay in business.
If you have money to spend on real estate, you are in a great situation today in the real estate market.  Look at the real estate investment as a long term investment instead of a short, get rich quick scheme.  You can make money when the bubble begins to grow again, and it will.  The real estate market goes up and down like the stock market.  It will rebound.
You can make money today in real estate but you have to make smart choices.  Purchase property in areas where the housing prices have remained stable.  Also look at the growth in your area.  Where is the next boom likely to hit?  This is speculation, but if you track trends in the real estate market and do a little bit of a study, you can see the next area where developers will likely target.  This is a good place to buy real estate, even if it is just a vacant lot.
Real estate is usually always a good investment, especially if you plan to live in the property.  However, it should be looked upon as a good long term investment and not a way to get rich quick. 

·         Lisa Jones is a seasoned realtor affiliated with RE/MAX Bryan-College Station. She offers a one-stop source for real estate services and information about Bryan-College Station Real Estate. Visit her homepage for a complete list of real properties college station, and you just might find the home you have been dreaming to have.

How To Make Money Renting

Although the residential real estate market has hit the skids, it is not as gloomy as it appears.  The market may be down, but it is not out.  And it never will be as people will always need a place to live.  You just have to be prepared for a long term investment in real estate and not panic.
If you own property or want to make money in the market today, the way to go is to rent out property.  We have always been a nation of renters.  Over the past 50 years, however, we gradually moved towards home ownership.  There are still many people, however, who rent and some people who prefer to rent.  Home ownership is a responsibility that not everyone wants to take on.
You can make money in the real estate market today by renting out property to individuals.  You can rent out your own home instead of selling it if you are planning on moving, or even purchasing property to rent to people.  If you are looking for a rental investment to buy, there has never been a better time.  Housing prices are lower than ever as are mortgage rates.  You can purchase a home or a condominium to rent to others and also be a long term investment for you.
Be careful if you purchase a condominium unit with the intent of renting that there is nothing in the bylaws that prohibits renters.  You should also make sure that you do your own market study of the area.  How much are other homes or condominiums being rented for each month?  You need to find out whether the rent will cover not only the mortgage payment, but also the taxes and insurance.
Do your homework carefully before purchasing property to rent to others. This can be an ideal way to make money in real estate today, but you have to make sure that you understand the market as well as the tenant laws.  Tenant laws usually favor the tenant, so make sure that you screen any applicants carefully. You should also take a good security deposit, especially if you are renting a single family home out.  The security deposit should be returned when the house is vacated and in the order as agreed to in the lease.
If you buy property now, you can take advantage of the low housing prices as well as low lending rates.  You can then hold onto the property for several years while renting it to tenants who will, essentially, pay your mortgage.  When the real estate market moves towards a sellers market, which it eventually will, you can have the property appraised.  Chances are that it will be worth a lot more than for what you pay now and by selling, you will get a sizeable return.
Making money in the real estate market today is not difficult if you are patient and willing to look for the long term investment.  Always look to the best locations in which to invest in property as they will tend to gain in value quicker than any other locations. 

·         Lisa Jones is a seasoned realtor affiliated with RE/MAX Bryan-College Station. She offers a one-stop source for real estate services and information about Bryan-College Station Real Estate. Visit her homepage for a complete list of real properties college station, and you just might find the home you have been dreaming to have.

How To Make Money In A Real Estate Recession

There are a lot of ways to make money in a residential real estate recession.  There really has never been a better time to buy than right now.  The interest rates are at rock bottom and so are the prices of homes.  There are more foreclosures on the market than ever before, which gives you an opportunity to make a killing when it comes to a long term real estate investment. 

Because the market is now a buyers market and there are many more homes for sale than there are buyers, it is smart to look at real estate investment in this recession as a long term investment.  This means that the idea of buying the home, fixing it up and selling it for a profit is over for now.  For now.  The real estate market is just like any other market and has its ups and downs.  Right now, it is experiencing a downslide.  It will rebound. 

The way to make money now in the real estate market is to either buy partial construction homes or dirt cheap foreclosures and rent them out to tenants.  Real estate is a unique investment.  It is unlike other investments that are usually on paper.  Real estate is something that you can actually use. Not only that, it is something that we actually need.  Everyone needs a place to live.  You can capitalize on that by purchasing dirt cheap foreclosures, fixing them up a bit and renting them out to tenants.  

We were once considered a nation of renters.  Until WWII, most people rented property instead of owned a home.  Mortgages were pretty tough to get and required 50 percent deposit.  Today, mortgages are easy t get and we have become a nation of homeowners.  Although the tide is turning and many people are finding that they bit off a bit more than they could chew when times were good.  Now that the real estate recession threatens the entire economy of the United States, many people are finding themselves out of work and unable to afford payments on their homes.  This is one of the reasons for all the foreclosures. 

You can grab foreclosure properties easier than ever before.  You will need to do your homework and make sure that the property is in a good area where the home prices are stable.  You will also need to have proof that you can purchase the property for the amount that you bid. This will include a pre approval letter from a lender as well as a certified check for the amount of the down payment.  If you are planning on paying cash for the property, you need to show proof that you have the funds available.  

You can get a pretty good deal when you buy a foreclosure.  You will have to wait for a decision as banks and lenders do not have the incentive to act as quickly as individual homeowners, but if you do manage to be able to purchase a foreclosure, you will be surprised at the bargain that you get.  Buying a foreclosure and either living in the property or renting it to a tenant is one of a few ways to make money in a real estate recession.

Lisa Jones is a seasoned realtor affiliated with RE/MAX Bryan-College Station. She offers a one-stop source for real estate services and information about Bryan-College Station Real Estate. Visit her homepage for a complete list of real properties college station, and you just might find the home you have been dreaming to have