What exactly are "terms"? And, how does this benefit the seller? I'm thankful you've asked because this strategy allows us to help many sellers that would traditionally fall through the cracks. With The Buying House, we always have the simple solution to selling.
And, that's simple - we can offer cash.
Some homeowners need cash.
First, it's important to understand that every seller has different needs and selling goals. And, when we can best understand what the seller needs from their home, we are in a better place to serve them.
In other situations, sellers may demand a price for their property that is too high for the traditional buyer. Six months later, expired listings occur and the owner is left frustrated. The property is too much work and they don't have the funds to place into the property. They feel stuck. That's when, "terms" come into play.
Terms is an agreement that one makes with the seller in exchange for the rights to the property for monthly payments.
The homeowner could be paid an entry fee on a portion of the equity that exists on the property. And, a monthly payment arrangement is made on "terms" to take possession of the property. Every transaction is different and every seller has a different need. Therefore, your solution commands a tailored approach. This is where our team can help. We'd love to see if we can help you today!
Why Terms?
Because, life happens....
Your equity becomes eroded away through market shifts. You may fall behind on payments. The mortgage balance due on your home may be higher than the sales price an agent can bring forth on the MLS. The list goes on and on....
This is where "terms" may make sense as an option to sell your home. And this is where we become your Simple Button to Selling.
