Want to Sell Using Creative Seller Financing to Create Long Term Income Stream
First of all, congratulations for even knowing that this option exists. Many owners are not aware of this option or are too intimidated by a seemingly endless list of options to decide one on. They also struggle with finding a buyer that will consider this option. They end up just giving in and selling a house through the standard methods used by most real estate agents that get them to a quick closing.
Creative seller financing (also known as: seller financing or seller carry) is a common method of selling a property that is very effective and beneficial for owners of property who have equity, want to sell their property, and don’t want or need all of the money up front. In many cases, this strategy can defer or eliminate capital gains taxes and take wealth that was just sitting in a house or multi-family apartment complex and turn it into consistent, safe income.
The ideal candidates for a successful seller financed transaction are people who want to put the hassles and responsibilities of ownership behind them, while converting their equity into a long term income stream. The other necessary part of a seller financing transaction is a buyer who is willing to work with an owner to customize a plan that benefits both parties. We have had a lot of success with owners of homes or multi-family apartments in this situation and we are always happy to discuss options. Once we understand your goals, we can deliver several options for creating a seller financing solution that works for both of us.
We buy properties directly from owners and if a property fits our buying criteria we can have a fair offer for consideration on the same day we receive a call. Since we are direct buyers, owners benefit from bypassing all of the hassles of a typical sale don’t have to pay any commissions or fees. On most transactions, we will even pay all of the closing costs.
We buy properties in as-is condition - owners do not need to do any cleaning or fixing. We have worked with owners in a countless number of situations (vacant, tenant occupied, structural problems, etc.) and we almost always find a win/win solution. We can close on the day of an owner’s choice and if there are other needs, we are flexible and will do what I can to help. All of our transactions take place with nationally recognized escrow and title companies to ensure a smooth transaction.
You may be thinking about selling a property, but might not be quite ready for any number of reasons. We understand. We are always available to discuss your circumstances and answer questions. We have dealt with many owners that were likely in the same or similar situations to yours and we can use our experience to help brainstorm options that you may not know exist.
Richard and Penney - Glendale, CA
"We are absolutely thrilled with the result and it would be our please to write up a testimonial. We owned a 6 unit apartment building and detached home on one lot in Los Angeles and we had owned it for over 25 years. It had been great to us, but we decided it was time to sell and put the landlord life behind us. We were faced with what we thought we be a huge capital gains tax bill and a lump of cash that we wouldn't know what to do with so, on our accountants recommendation, we started researching creative financing. Blake Buys Homes was referred to us by an real estate agent who focuses on apartments and after a few phone calls and one quick in-person meeting, we had a very fair offer with the terms we wanted, including income for the next 20 years. Thanks to Blake Buys Homes for their patience and help!"