Sell a Home

Many sellers in distress find instant relief and answers when using flexible terms of sale to sell their home that traditional real estate cannot bring to their situation. They may be behind in arrears with their repayments to their bank or lender and foreclosure may be looming around the corner. Many of these sellers have already attempted to sell the traditional way using their local real estate agent with no results. Time is often not on these sellers side.

Other sellers using flexible terms of sale may have a troublesome house which is hard to sell the traditional way such as:

• power lines in or over the property
• backing onto a prison
• facing a very busy main road or highway
• purchased elsewhere using bridging finance and time has run out
• little to no equity
• negative equity (this is where the debt is greater than the price the seller would be able to obtain selling the traditional way, and the seller would not be able to cover the huge cost of the real estate agents commissions and advertising costs in the sale price).
  

Many of these sellers have tried selling the traditional way only to be left with an unsold house, a large advertising bill accumulated by the real estate agents agent’s advertising of the property and lots of very frustrating, empty, unkept promises.

A flexible term sale can offer instant relief for all of these situations. There are various flexible term sale options available to sellers, all provide very quick results obtaining the price the seller is hoping for/needing with no real estate agent fees or commissions to pay. 

The different flexible terms of sale options available to sellers are:

1. A Lease with the Option to Purchase
2. An Installment Contract (otherwise known as a Wrap)
3. Seller Funding the Buyers Deposit (otherwise known as a second mortgage carry back)
4. License to Occupy
5. Tenants in Common

Each of these flexible terms of sale are given an overview in the categories that they fit into in this section. Not every flexible terms of sale will suit every seller and their circumstance, nor will they suit every Rent to Buy buyer. There will always be at least one flexible term sale that will suit a seller and his/her circumstance.

We are also providing sellers with helpful information in this section that is available to them under their loan contract if they are finding themselves falling behind in their repayments. Often banks and lenders fail in their duty of care to their customers and do not openly provide this information. Instead the bank or lender hurry to begin the foreclosure process.

By using the hardship provisions that home borrowers have available to them under their loan contract, along with flexible terms of sale, many sellers can remove themselves from the worst possible scenario, which is foreclosure by their bank or lender. By adding a flexible term sale to these hardship provisions, sellers who are in trouble receive time (removing the pressure for a quick, rushed sale, usually only achieved by dropping the sales price), and also the best possible sales price with no real estate fees or commissions.

Our DIY Rent to Buy manual explains each of these flexible term sales in detail, as well as what sellers can do should they be behind in repayments and are facing foreclosure by their lender.

Taking control of your own home sale is not difficult. When selling yourself, you are protecting your own interests, which are to achieve the best possible sales price for you as well as to keep your hard earned equity in your own pocket rather than being spent on real estate agent fees and commissions. Flexible terms of sale help people with homes in trouble!