It is truly all about exposure. Have her interview agents. She should ask the agent what they will do to help her market the property. If an agent is only going to take a few photos with the phone or digital camera, put the listing in MLS and walk away that's not the agent she needs. They should come to the interview armed with a marketing plan and materials.... more
This sounds like a very simple way to sell your home quickly, however, if you are willing to owner finance, you should have no problem finding a buyer using the traditional, listing and selling process, plus a very good real estate lawyer to represent you!
Most likely, you will NOT receive payment in full at the time of closing like you usually do in a typical real estate closing . This will be a BIG question for you to ask before you proceed. If you don't receive full payment and can't payoff an existing mortgage, you may not qualify for an additional mortgage loan to purchase another home for yourself.
On the other hand, if you want earn interest, like the banks do when they give you a mortgage, this could yield a terrific return on your investment.
I don't know the terms and conditions Metrolina Lease Purchase LLC is offering. Know all the details AND consult a lawyer before signing anything with anyone, in this or any other real estate transaction.
Summary of my opinion: This could be a great option if you do not need a lump sum payout at closing.... more
Every property will sell and price is driving force. I always suggest an educated range to home owners. If they want or need to move quickly, they must list at the low end; If they are in no hurry, then they can list at the high end. Even a house in a "no so good" location or in need of lots of rehabbing will sell if the price is right. I'm betting you have it over priced for location and condition, and switching agents will probably not have any affect. As a favor to your current agent, don't switch and lower the price; give them the opportunity to sell it at the lower price. How badly do you want or need to sell? Discuss with your agent what that lower price should be based on your current situation and move forward.... more
Wow, I'm wondering how the lender also let this slip by? Some local attorneys will allow you to bring a personal check to closing for any monies you owe at closing, for the buyer primarily. Over that, it's always certified funds so that the money is fully collected prior to recording the deed. If you are a seller bringing money to closing, and that is much more common today, your agent should have been all over where the funds were coming from in order to transfer the deed. And as a buyers agent, I would want to know if the seller needs to bring funds to closing, and have they been verified? Tough situation to have to handle at the last minute - get your agent to problem solve with you. Good luck.... more