Buy My Home - Insider-Secret to Sell Your House Fast

As a real estate investor, I have seen many 'buyand show they have paid consecutive payments
my home' strategies. Recently, I witnessed a manin a timely fashion.
wearing a sandwich board with "Buy My House"Another popular 'buy my home' tactic used by
painted in bright red letters. He handed real estaterealtors and investment groups is organized bus
flyers to everyone who passed by. I couldn'ttours. I recently embarked on a house buying
resist having a conversation with him. After all,tour in Las Vegas. Twenty investors and home
what would possess a grown man to stand on abuyers toured four neighborhoods and viewed
street corner in an attempt to sell his home?nearly 80 homes in six hours.
It seems his 'buy my home' strategy was inspiredIt is rather surreal to step off a bus and be
by a gentleman who used a sandwich board togreeted by homeowners carrying picket signs
obtain employment. The distressed homeownerwhile chanting "buy my house, buy my house".
was facing foreclosure because he had lost hisThe carnival-like atmosphere included children
job and one month later his wife was diagnosedoffering lemonade and cookies as they handed
with cancer. He had to choose between makingout flyers promoting their homes.
his mortgage payments or paying for his wife'sIn today's downturned housing market, it has
medication.become increasingly difficult to sell a home. Many
As sad as his story is, millions of homeowners arehomeowners are going to great lengths to sell
in the same boat. People are drowning in debt,their house fast. Some offer tickets to concerts
unemployed, uninsured, and struggling to keepand sporting events. Others offer to include
their home out of foreclosure. Few people arehousehold furnishings or big screen TVs. I even
buying houses and even fewer can obtain aheard one woman offer her purebred dog as
mortgage loan because banks simply aren't lendingadded incentive to buy. As the saying goes,
money.desperate times call for desperate measures.
Sellers are getting creative in finding ways to sellOne little known secret and under-utilized resource
their house quick. Some are offering seller carryfor selling houses fast is to seek out private real
back financing to attract buyers who otherwiseestate investors. Investor networks are located in
could not afford to purchase a home. With sellernearly every metropolitan city and can easily be
carry back, the homeowner carries all or part oflocated via the Internet, through realtors and real
the financing. This strategy is great for buyersestate brokers.
with less than perfect credit.Many real estate investors buy houses with cash;
In most instances, sellers carry back 10- toeliminating the need to pay realtor commissions.
30-percent of the purchase price. The buyerClosing can occur in days instead of weeks and
obtains financing for the remaining balance. Ineveryone comes out a winner. Experts
essence, they have two loans - one to the sellerrecommend retaining the services of a real estate
and one to the lender. Seller carry back financingattorney to ensure legal documents and title
makes it easier for borrowers to obtain financingtransfers are properly executed.
from a bank because it appears as if they haveWhile it can be tempting to offer incentives or
built-in equity in the real estate.engage in extreme marketing tactics, there is no
When sellers provide 100-percent financing, sellerneed to walk the streets wearing a sandwich
carry back terms generally last three to fiveboard or wait for a charter bus to bring potential
years. At the end of the term, buyers mustbuyers into your neighborhood. Instead, seek out
obtain traditional financing. This allows buyers timeprofessional real estate investors and leave the
to build equity in the home, clean up their credit,marketing antics to your neighbors.