In the same way, what do you do as a seller or buyer of real estate when you find yourself in a situation where you can’t sell or buy your dream property as quickly as possible due to hard economic times and/or factors? Well, simple: simply Challenge Yourself to Think of Creative Ways of Selling or Buying Your Dream Property using Tailor Made Sales or Buying Strategies such as Seller-Buyer Financing Options!
So, Why Enter into a Seller-Buyer Finance Agreement or Option? Well, Here are the Advantages for both Seller and Buyer:
1. ADVANTAGES TO THE SELLER
ii.) You end up making or earning extra money charging interest;
iii.) You continue receiving passive income on a monthly basis while you relax without needing to sale the property full throttle:
iv.) You get to sale your property at a higher sales price in the final analysis;
v.) You get to forfeit the initial down payment made by the buyer including any other monthly payments already made if the buyer happens to default depending on the terms and conditions of the seller-buyer finance agreement;
vi. You get to enjoy tax benefits via tax deference;
vii.) The subject property you are selling gets to act as collateral and you can also further require that the buyer signs a letter of personal guarantee for more security to ensure the buyer abides by the terms and conditions of the seller-buyer finance agreement.
DISADVANTAGES TO THE SELLER
ii.) Buyer may default. BENEFIT: You may get to forfeit the initial down payment made by the buyer including any other monthly payments already made if the buyer happens to default depending on the terms and conditions of the seller-buyer finance agreement;
iii.) The subject property may deteriorate in condition. MITIGATION: You can include an Addendum to the seller-buyer finance agreement that enables you to conduct periodic inspections of the property to ensure that the buyer is keeping the property in good condition failure to which it may result in rescission of the seller-buyer finance agreement with an option to forfeit the down payment already paid;
iv.) This sales strategy is not main stream, popular or highly adopted by most sellers and buyers. MITIGATION: More publicity or awareness of this sales strategy can result in mass adoption by the general populace as is being done via this very article!
2. ADVANTAGES TO THE BUYER
ii.) You don’t have to raise that much money as down payment for the subject property depending on individual sellers’ needs;
iii.) In some instances, you may get control of the subject property whilst still paying for it or before you completely finish paying for it;
iv.) You may easily adjust the terms and conditions of the seller-buyer finance agreement based on the unique needs of the individual seller in question;
v.) You lock the sales price even when the subject property happens to appreciate in value in future;
vi. You can also use the Purchase and/or Contract of Sale as a Seller-Buyer Finance Agreement if you so wish and if you know how to do this that is! Further, you can equally use this same Purchase and/or Sales Contract to help you source for further finances from other financiers in order to finish paying for the subject property if you so desire that is.
Don’t know how to do this? Well, worry no more! We can help you do this at a reasonable fee if you like that is…..! Talk to us about this and we shall gladly guide you!
DISADVANTAGES TO THE BUYER
ii.) The seller may sell the subject property to other buyers without you knowing it. MITIGATION: Ensure you place and register a Caveat on the subject property with the Ministry of Lands and Deeds Registry Bureau once you sign the seller-buyer finance agreement;
iii.) The seller may require that you also provide some other form of collateral aside from the subject property itself including the signing of a letter of personal guarantee. MITIGATION: Ensure you put up exemption clauses in the seller-buyer finance agreement that exclude you from providing further collateral and where possible exclude you from signing a letter of personal guarantee if you can that is;
iv.) You may need to graphically educate sellers on the workings of seller-buyer financing. BENEFIT: You may end up convincing some sellers to sell you their property via this very sales strategy with better terms and conditions thus making you buy the property of your dreams at the price you are comfortable with!!!!!
Still Interested in More Creative Seller-Buyer Finance Strategies? Well, Go Here ->http://bit.ly/2yYJz0r for FREE Details! You’ll Be Happy You Did!!!!!
“Don’t Wait to Buy Real Estate. Instead, Buy Real Estate and Wait” - Mark Twain.
“Never Make a Permanent Decision in a Temporary Problem” – Dr. Myles Munrue.
“Every Problem is a Business Opportunity. You Just Haven’t Yet Figured Out How?” – Dr. Myles Munrue.
“Savers are Losers” – Robert Kiyosaki. Why? Because of Inflation based on the PV (Present Value) and the FV (Future Value) of Money! Therefore, Don’t Completely Save Money in a Bank Account. Instead, Buy and Invest in Real Estate as Mark Twain and Robert Kiyosaki advise. Why? Because Real Estate Appreciates in Value Over time compared to Money Saved in a Bank Account Due to Reasons Highlighted in the preceding sentences!
LOOKING FOR REAL PROPERTY TO BUY? WELL, LOOK NO FURTHER. SEE BELOW FOR DETAILS!
1. 45m x 35m plot in Lusaka West Area @ K60,000; ((Pay 50%, Down Payment for this particular Plot and the Remainder on Flexible Terms);
2. 25m x 20m plot in Waterfalls Residential Area @ K85,000;
3. 25m x 20m plot in Meanwood Ndeke East Residential Area, Phase 1 @ K130,000;
4. 12m x 30m plot in Vorna Valley Residential Area situated about 400m away from the Tarmac Road @ K150,000;
5. 70m x 70m (1 Acre) plots in Palabana Residential Area situated direct opposite Palabana University @ K150,000 each;
6. 70m x 70m (1 Acre) plots in Chipalesa Area situated between National Housing Authority's Emerald Park and Savenda Farms off Leopards Hill Road @ K150,000 each;
7. 25m x 20m plot in Meanwood Ndeke Phase 1 @ K180,00;
8. 20m x 30m plot in Makeni Konga near Jehovah's witnesses situated about 200 metres away from the Tarmac Road and behind Makeni Police Station @ K190,000;
9. 18 Hectares Land in Kapyanga Area of Lusaka West formerly a Farming Resettlement Scheme Area @ K14,000 per Hectare;
10. 3 Hectares Land on Title Deed at 15 Miles Area and situated approximately 5 Kilometers away from the Great North Road @ K150,000 per Hectare;
11. 40m x 50m plot in Waterfalls Residential Area @ K350,000;
12. 20m x 25m plot with a structure built upto lintel level in Meanwood Ndeke Phase 1 @ K400,000; and last but not the least,
13. 30m x 50m plots off Airport Road behind Harvest Filling Station @ K550,000 each!!!
Interested? Then Call David Kapalu right Now on +260 966 388525 /+260 977 805045 /+260 955168754 or simply Whatsapp: +260 966 388525. MZIEA No. 321.
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ABOUT THE AUTHOR - DAVID KAPALU
David Kapalu is a Real Estate Investment Consultant who happens to be a duly Registered Member of the Zambian Institute of Estate Agents, an Internet Marketing Specialist, Motivational Speaker, Public Speaker, Life Coach, Crypto-Currency Investor, Enthusiast and Trainer. He is also a Holder of a Bachelor of Laws (LLB) Degree from the Zambian Open University. He is Someone who Understands his Subject so Well and Knows How to Distil and Reduce Complex Matters into Simple to Understand Matters.
Therefore, Call/WhatsApp/Sms him right now on +260 966 388525 and contact him for one on one real estate investment advice or legal advice!
He also stands ready to be booked for speaking engagements as well as offer free and paid radio and television interviews with any individual or organization interested in him sharing his deep insight and understanding of real estate matters as well as offer legal advice pertaining to land rights and ownership in the Zambian Market Landscape!!!!