| Seller Tips
Listing and Selling Stanwood and Camano Island Real Estate
When you want or need to sell, the dedicated agents with Remax in the Stanwood and Camano area can help with all the details of your transaction:
Our agents know the area and are commited to marketing your home with all available tools for the area. Our membership in the local MLS will help market your home to thousands of potential buyers and their agents. We can meet with you for a one on one consultation of what your home may be worth and come up with a price range that you are comfortable with.
For most people, the prospect of selling their home can be positively daunting. First, there are usually plenty of things to do just to get it ready for the market. Besides the traditional clean-up, paint-up, fix-up chores that invariably wind up costing more than you planned, there is always the overriding concerns about how much the market will bear and how much will you eventually wind up selling it for. Will you get your asking price or will you have to drop your price to make the deal?
After all, your home is a major investment, no doubt a rather large one, so when it comes to selling it, you want to get your highest possible return. Yet in spite of everyone's desire to get the top dollar for their property, most people are extremely unsure as to how to go about getting it.
However, some savvy sellers have long known a little financial technique that has helped them to get top dollar for the property. In fact, on some rare occasions, they have even sold their properties for more than they were worth using this powerful financing tool. And while that may be the exception rather than the rule, you can certainly use this technique to get the most money possible when you sell your property.
Seller carry-back, or take-back financing, has proven to be a surefire technique for closing deals. Basically, seller take-back financing is a relatively simple concept. A seller-take back loan is created when a property is sold and the seller performs like a lender by assisting in financing all or part of the total transaction. In effect, the seller is actually lending the buyer a certain amount of money toward the purchase price, while a traditional mortgage company usually funds the balance of the purchase price. A seller take-back loan is secured with the property. The loan then becomes the primary mortgage and is fully secured by the property.
In most seller take-back financing transactions, the buyer repays the seller, with interest, in accordance to mutually agreed terms over a period of time. Usually, the terms call for the buyer to send the payments, consisting of principal and interest, on a monthly basis. This is advantageous because it creates a steady monthly cash flow for the note holder. And if the note holder decides to cash out, he or she can always sell the note for a lump sum cash payment.
Regardless of market conditions, seller take-back financing makes sound financial sense. It provides both buyer and seller with flexible financing options, makes the property easier to sell at higher price and shortens the sales cycle. It has the added advantage of being an excellent investment that generates a steady cash flow and high return. And of course, if you ever need immediate cash, you can always sell the note, through our office.
Regardless of how you choose to sell your home and for what price, our Remax agents will be happy to assist in any capacity in the sale of your home in the Camano Island and Stanwood Real Estate area.
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