Simultaneous Closings
Are you selling your home? Is it taking longer than anticipated? Have you had to drop the price? If you answered yes to any of these questions, please consider our service of Simultaneous Closings.
Simultaneous closings is where we purchase a note simultaneously (at the same time) as the home is sold and we do so at the closing, through the title company.
What does this mean? It means, you as the seller has options. In this instance, you have the option to offer buyers owner financing. It can very well double the amount of interest in your home.
Benefit to Seller and Buyer
As a seller, benefits range from amount of interest in your home, a faster sale, flexibility, and the ability to offer terms that work for you and your buyer.
Homes on the market longer than expected often indicate they are overpriced and or rates are rising, thus detering buyers.
As a buyer, credit, debt, low down payment and rising interest rates can present an obstacle to obtaining a traditional bank or direct lender mortgage.
Offering a private mortgage, with an agreed upon rate and terms can present an affordable option to your buyer for your higher priced home. Home is sold ... home is purchased. Win-win for seller and buyer.
Our Role ...
We are not a lending institution; we are investors, which is why a buyer can not obtain a loan through us. Instead, we will purchase your privately held mortgage note the same day you create it. The terms remain the same for the buyer; the buyer is only affected by who the check is written to. ***Terms are determined by seller and buyer. A purchase agreement is used to protect the seller and our investment institution.