Real Estate Services

By Lucas Hoppel

If your home is sitting unsold after a long time, the chances are that either you are not using the internet to sell your home, or the price is an issue. The most difficult part of selling a hard to sell home is reducing the price. It may not even be an option to reduce the price, but if your property is priced above other comparable homes in your area, it will be more difficult to sell it. Comparable means that your house is similar to the others in your area in condition and size.

Another problem is that potential buyers may have difficulty finding financing. One thing that a good Realtor does is help the buyer find financing. They often have connections to mortgage companies and banks, and depending on the buyers credit, they can help them get a house in little to no time. You also must sometimes help the buyer find financing for the home. A balloon mortgage, or lease with option to buy is a great way to help a person with low credit buy your home.

In a balloon mortgage, the buyer will start off by making monthly payments that are equal. Within a short period of time, the buyer will be required to purchase the home completely. Usually this time period is within 6 months to 3 years. The purpose of this arrangement is to allow the buyer to arrange complete financing for the home with a bank or a mortgage company.

Another option is to use a regular mortgage to cover the difference between what the buyer can not finance, and the home’s cost. Basically, the buyer takes a second mortgage out to pay off the difference in financing. This mortgage is usually paid off shortly because it should not be to large of a mortgage, but it allows the buyer to get the home without having to worry about not qualifying for a larger loan.

A lease with option to buy is basically when your buyer chooses to rent your home and then have the option to purchase it at the end of a period of up to 2 years. This is not the most ideal situation for the buyer or seller and should only be used when the buyer can not possible qualify for a mortgage. The buyer pays the seller 2-3% of the home cost upfront as a down payment. On top of this, the buyer pays a rent each month that is non-refundable. This rent however is credited toward the final purchase price. At the end of the period your buyer should fully buy the home.

Luke Hoppel is a full time real estate investor. In 2007 he sold all of his homes in less than 16 days. He’s a true pro when it comes to advertising and selling homes quickly. He’s also the founder and president of http://www.SuperCheapPropertyWebsites.com, a website enabling all home sellers to create a website showcasing their property. This is one technique he uses religously and has now created a system for home owners anywhere, regardless of their internet I.Q, to create their own property website through a series of simple steps. It’s very simple and extremely effective.

Lucas Hoppel
1-888-631-1097
info@SuperCheapPropertyWebsites.com http://www.SuperCheapPropertyWebsites.com