Selling in this market will take creative thinking. Buyers are looking to purchase homes in this market, problem is they can’t qualify for financing. Sellers should offer as many incentives to lure potential buyers as possible. Many buyers are asking, will the owner consider financing. This can potentially be a great way to procure a sell. Banks are turning willing and most times able buyers away at the door steps because of numerous issues; number one, no comparable sales. With a lease option agreement the buyer can prove to the bank over a relative short period of time (usually 12-18 months) they are able to afford the property and the seller can put part of the rental proceeds toward buyers closing cost therefore decreasing the risk to the bank. For more information on creative marketing strategies’ call us.
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