It is not always easy to sell your home at a fair price, but it’s even harder when you need to do so quickly. If you are in this position and cannot find any buyers for your home in the traditional way, then there may be another option for you – selling on terms. This blog post will discuss 5 perks of selling your house in Rogers on terms!
First, what does it mean to sell your house on terms? It simply means you agree to take payments over time, working out a payment agreement that works for both you and the buyer. Now for the perks!
You Have Access To A Different Sector of Buyers
When you choose to sell on terms, it opens up a new market segment to you. Most buyers looking on the MLS are not looking to purchase with terms – they are strictly looking to purchase a home with traditional financing. Additionally, many buyers who buy on terms will overlook flaws in your home, saving you money since you will not have to make repairs. When selling your house in Rogers on terms, you will have very little competition from other sellers, as many sellers do not even know this is an option for them.
You Increase The Chances of a Very Quick Sale
When you sell your home on terms, it is likely to be a very quick sale. You will not have to wait while your buyer tries to get traditional financing. You also will not have to worry about their financing falling through at the last minute. Delays of this type when selling traditionally may cause you to lose many potential buyers that were interested in your home. Avoiding these delays saves you money because you will not have to pay additional holding costs such as utilities, property taxes, insurance, and maintenance expenses.
You Get a Cash Down Payment Up-Front
When a buyer purchases the home on terms, they will need to make an up-front down payment toward the full purchase price of your house. This can be as much or as little as you choose based on what is comfortable for you and the buyer – From a few hundred dollars up to a significant percentage of the full purchase price. You’re likely selling to generate cash, and this down-payment fills that need.
You Generate Monthly Cash Flow
Perhaps the biggest perk to selling your house on terms is the monthly cash flow, which you will start to receive the month following the closing. In essence, you are becoming the bank, and we all know that no one makes more money than banks! This monthly cash flow can be used for living expenses or invested into assets for your financial future. You can even use the monthly cash flow to fund a new project, such as opening up your own business in which you are passionate and skilled.
Get Market Value Or More
The last benefit to selling your house in Rogers on terms that we will discuss in this post is the ability to get market value or more. Because of the flexibility with the contract, sellers are able to negotiate a higher price than what they may have been offered in other selling situations. This can lead to the possibility of receiving more money for your house and not spending any time or energy on marketing! Buyers who don’t have to go through the hassle of getting traditional financing are likely willing to pay a slight premium to you if you are willing to sell on terms.
Interested in selling your house on terms? Northwest Arkansas Home Buyer may be the buyer you’re looking for! Call today and let’s discuss how we can help. We are committed to finding a solution that is right for you and will work with you through every step of the process. From start to finish, our goal is not just getting the sale done – it’s helping make sure that both parties walk away happy when all is said and done. Send us a message or call (479) 802-0854 today if this sounds like something that would interest you!