Seller Financing Lines

Seller Presentation

"Lines" You Can Use

 

 

1. History: Saxton has been assisting homeowners sell their own homes since 1997. And is one of the US's largest and oldest owner financing purchasing companies.
   

 

1. We use a system that keeps the buyer from shopping homes on homeowners. By controlling the financing, buyers MUST work with you only.
   

   
    

2. I will provide you complete paperwork including the contracts and credit applications to use with buyers. I will walk you through a mock showing and contract signing. I will provide you our Important Classified ad and sign text that is designed to get your phone ringing with buyers that will place a signed contract on your home in just one showing.
   

 

1. I am always a phone call away to answer any questions and help you through the process. I will also assist you on any owner financing processing with Saxton. I will work with the attorney or Title Company to make sure any owner financed transaction goes smoothly.
   

 

1. There is no contract to sign with us and you can just ADD our method to your existing home sale method. There's no risk to you.
   

 

1. We will be setting you up to submit your buyers directly into the funding sources by fax. This is what gives you the right to advertise "Owner will Finance". It is just a matter of faxing in the credit application and credit report provide by the buyer, and the funding sources do the rest.
   

 

1. The sources at Saxton can even help people with credit scores as low as 500 as long as they meet a few common sense requirements… like a job and some rent history.
   

 

Your options:

1. Sell it yourself: You compete with every real estate agent in town; you compete equally with every other for sale by owner in town.
   
2. Buyers will expect you to drop your asking price since you don't have a realtor handling the sale. Buyers look at 14 homes before negotiating and buying a home. So this result in you having to show the home many times and at all times of the day. 70% of people who try to sell it themselves give up within a few weeks and hire a realtor to try and sale the home.
   
3. Realtor listed: You must tie it up for at least 3 months. You hope you get a good salesperson, but can't really know for about 3 months. You are still competing with every other home on the market for the same few buyers. You must pay 6% to the realtor, plus a negotiated price the buyer finally comes agrees to. Typically that is 4-8% below the asking price. This means 10-15% off the appraised price. For every 12 homes on the market this month, only one will sale. It takes an average of 6 months to find a buyer. This method usually involving dropping your price during the first 2 months then negotiating further down from there. This means a 13-20% less than the appraised price. The longer the home is on the market, the harder it is to sell.
   

 

1. Every month that a vacant home stays on the market, it costs an amount equal to the monthly payment and that amount is lost forever. It becomes a cost of selling the home.
   

 

1. Usually, there is no one else in your area that is offering owner financing, this brings you a captive audience of buyers that can't buy anywhere else. They won't try to negotiate the price because they are competing with so many other buyers for the home. They sign an immediate offer for the home because of the competition for an owner financed salutation. The buyers will put up earnest money with their signed offer of between $500.00 and $1,500.00; this allows you to control the sale. (The earnest money is made out to the Title Company (or attorney)).
   

 

What we do is work with you to structure owner financing that we then purchase from you at closing paying you full face value for the financing. Owner financing is what really sells the house quickly. If you can place the words "Owner Will Finance" in your classified ad and on your sign, then you will get a steam of buyers placing offers on your house and out of about a week or two of these offers you should have a buyer that qualifies and can close. We help you with 2 main sources of financing; both an owner carried note situation in which we then buy the note and also through our challenged credit referral sources which specialize in funding very difficult deals.

The buyers come in at a disadvantage in that they need you more than you needing them. This allows you to demand and get full asking price with no negotiation on the price. Our typical owner carried note structure is a 95% loan with a 5% down payment amount. You then sell to us at a 10% discount off the loan's full face value.