Hula and The Real Estate Market Today

If your one of the rare finds of an Equity Seller you are gold in the eyes of a Realtor. No lengthy short sale transaction, no lender to tell you what they won't do to sell the property. Just a nice clean sale with all parties happy to negotiate and walk away satisfied. Ahhhh, that's my smiling sigh.

Plus.....if your an equity seller your able to sell your home in many different ways for example: if your retired and still want to generate some cash flow from your home you can either carry the full balance with the new buyers paying you direct, through a lawyer or through a trust account with interest. or....you can carry back just a portion of the loan, like a second and remember if the buyers default you have your home back plus all the payments they have been making in between. If you still have a mortgage balance of your own left to pay on this home and it's assumable (FHA, or VA)that has a good interest rate a new buyer may want to assume that loan and still make payments to you on the difference of the sale. These are called land contracts and AITD (all inclusive trust deeds) and these are just a couple of ideas.

Everyone is struggling, but if your an Equity Seller trying to downsize/upsize and still generate income due to a change in your life, think outside of the box you have the treasure that many are after. There are many families that still can't afford that large down payment but are able to make the monthly payments just fine and want to be homeowners.

Working with buyers and sellers who know the possibilities are real.

Our company has become a franchise of the Weichert Family so our new name will be Weichert Realtors-Gold Coast.

Dee Fether