| In this article today I would like to talk about | | | | payment or no down payment at all, they may |
| several tips, tricks, and techniques that just about | | | | very easily just walk away. I mean, why not? |
| everybody can use to help sell their house | | | | They've got nothing to lose and in the meantime |
| without getting taken advantage of. | | | | your house is tied up and you can't sell it to |
| Buying and selling a house are two of the most | | | | somebody else who may be interested and ready |
| important and significant things most people will do | | | | to buy. |
| in their lifetimes. So much of our savings and so | | | | The next thing to watch out for is a buyer who |
| much of our potential future income is wrapped | | | | wants you to offer them financing. What this |
| up in the purchase or sale of our houses that it | | | | means is basically that you will give them their |
| becomes incredibly important not to get taken | | | | mortgage, not a bank. This technique is popular |
| advantage of throughout the process. | | | | with late-night real estate infomercials. Basically |
| In this article today I'm going to talk about several | | | | you agree to accept the monthly payment from |
| things that a seller should look out for when selling | | | | the new purchaser and if any time they fail to |
| their house. Many of these things will signal that | | | | make a payment, you get your house back. |
| the person buying the house may be up to | | | | Because of this, it may be enticing to go along |
| something shady. | | | | with this sort of scheme but believe me when I |
| The first thing to watch out for is a buyer who | | | | tell you that if you don't have any experience in |
| wants the purchase of your house to be | | | | this sort of thing, you are much better off |
| contingent on the sale of their old house. Many | | | | passing and waiting for somebody to buy your |
| buyers will try to slip this in, but you don't have to | | | | house who has a real mortgage from an actual |
| go for it. Why is this such a bad idea? What if | | | | bank. |
| you agree to this clause and then the buyer can't | | | | Finally, watch out for people who have no loan |
| sell their old house? You are no longer able to sell | | | | pre-approved. It can be common to simply put a |
| your own house in the meantime which means | | | | mortgage contingency clause in the agreement |
| you're now responsible for selling two houses - | | | | but that can be a hassle too. If the housing |
| not just one. This can be a nightmare and it's just | | | | market in your area is strong, it's better for you |
| better to not have to deal with it at all. | | | | just to pass and wait for somebody else to come |
| The next thing to watch out for is a buyer who | | | | along who already has financing in place. |
| wants to put up a smaller deposit then you | | | | So there you have several very simple tips, |
| require, or no deposit at all. You should really just | | | | tricks, and techniques that you can use to make |
| walk away from this sort of situation because if | | | | sure you don't get taken advantage of by an |
| somebody hasn't put up much of a down | | | | unscrupulous buyer when you sell your home. |