DETAIL FOR HOUSE SELLERS
As lawyers, consultants, and real estate investors, the Vevstads have been involved with real estate transactions since the early 1970s. Our specialty is the proper use of contract terms to establish any type of win-win relationship. That way, we have helped thousands of companies and individuals enter into mutually beneficial agreements in some fifty different industries worldwide.
Real estate is no different: the traditional contract practices of real estate brokers and bankers severely limit the ability of home sellers and buyers to come to terms. It is understandable why these actors always use cookie-cutter terms, because they simply do not have the expertise to structure these relationships to accommodate the many different needs of home sellers and buyers. That’s where we excel.
Moreover, by becoming a party to the process, we are highly motivated to find a win-win-win solution for all parties concerned. And we make sure that all parties “live up to their bargain.” Wouldn’t you like to understand this superior alternative to traditional house selling?
The most important part to understand is there is no one solution for any situation. The possibilities are endless; but it may be useful to share some typical examples.
If you are trying to sell a house with an existing mortgage, we may continue to pay off that mortgage at the same time as we install a tenant-buyer who will eventually obtain his own financing, which we will then use to pay off your morgage in full. This is especially useful to you because it shows you are both increasing your income and paying your mortgage on time, which will improve your credit scores. (Don't worry about those who say this cannot be done: we solve that.) Also, we are there to make sure you get paid no matter what.
A similar terms structure may be used if the equity in the house you are selling is too small to list with a broker, or the house needs repairs, but can be occupied by a tenant-buyer while the repairs are made at no cost to you.
Even if you don't have a mortgage, the transaction may be structured in such a way as to accommodate your need for payment (or, alternatively, for some other form of consideration) and the buyer's need for time to obtain financing.
You may also be in a situation where you could benefit from deferring income for tax reasons. Instead of receiving the full amount in one tax year, you may want to be paid in installments over several years to keep your tax rates low.
Real estate is no different: the traditional contract practices of real estate brokers and bankers severely limit the ability of home sellers and buyers to come to terms. It is understandable why these actors always use cookie-cutter terms, because they simply do not have the expertise to structure these relationships to accommodate the many different needs of home sellers and buyers. That’s where we excel.
Moreover, by becoming a party to the process, we are highly motivated to find a win-win-win solution for all parties concerned. And we make sure that all parties “live up to their bargain.” Wouldn’t you like to understand this superior alternative to traditional house selling?
The most important part to understand is there is no one solution for any situation. The possibilities are endless; but it may be useful to share some typical examples.
If you are trying to sell a house with an existing mortgage, we may continue to pay off that mortgage at the same time as we install a tenant-buyer who will eventually obtain his own financing, which we will then use to pay off your morgage in full. This is especially useful to you because it shows you are both increasing your income and paying your mortgage on time, which will improve your credit scores. (Don't worry about those who say this cannot be done: we solve that.) Also, we are there to make sure you get paid no matter what.
A similar terms structure may be used if the equity in the house you are selling is too small to list with a broker, or the house needs repairs, but can be occupied by a tenant-buyer while the repairs are made at no cost to you.
Even if you don't have a mortgage, the transaction may be structured in such a way as to accommodate your need for payment (or, alternatively, for some other form of consideration) and the buyer's need for time to obtain financing.
You may also be in a situation where you could benefit from deferring income for tax reasons. Instead of receiving the full amount in one tax year, you may want to be paid in installments over several years to keep your tax rates low.
Look for an email with property facts questions in your email inbox. If you don't see it there, check your spam folder, and make sure you move it to your inbox.
Copy these questions, hit reply on the email you received, paste in the questions, and try to answer them as best you can before you hit send.
One of us will be contacting you shortly to go over what you sent us and discuss how we may structure a fast and easy sale of your property on terms acceptable both to you and a prospective buyer.
Copy these questions, hit reply on the email you received, paste in the questions, and try to answer them as best you can before you hit send.
One of us will be contacting you shortly to go over what you sent us and discuss how we may structure a fast and easy sale of your property on terms acceptable both to you and a prospective buyer.