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How do you increase the value of your home?

Do you need a certain amount of money out of your home, but it just isn't worth that yet? I have a solution for you that can be done in any market. It doesn't matter if it is a sellers or a buyers market! I can get you much more than the appraised value for your home, and it really doesn't take any extra work on your part, like doing a complete remodel would.

The way to do this, is for you the owner, to either offer a lease-option or owner-financing. This can increase the amount of money you get for your home from anywhere between $25,000 and $1,000,000.

If this sounds like something you might be interested in as a home owner, please feel free to contact me anytime.

Creative Financing 

Todd Clark - broker
Kastings & Associates
(503)524-9494
Todd@IFoundYourNewHome.com
www.IFoundYourNewHome.com

 

Comments

Todd, just curious- what happens to the poor slug that grossly overpaid for the house, when it's time to sell for them?  I like the lease option idea, but not at above market value.
Posted by Laurie Mindnich at Options Realty over 3 years ago

Hi   Todd !

Thanks for sharing this info with us. Keep posting !

Posted by Nalliah Thayabharan Home Inspector Commercial Building Inspector Toronto (Expert Building Inspections Ltd) over 3 years ago

Lauie,

The buyer doesn't over pay for the home at all, it appraises perfectly fine. Sometimes he even does better than he could with a traditional bank. With owner financing the owner is making their extra money with the interest they are getting from the payments just like a bank would. The buyer if they could get a loan they would. Even if they could get a loan, what is their interest rate on a 80/20 loan, 7.5% and 12%? With the owner doing the contract it is usually 7 or 8%, still better than the bank offered and the closing costs are lower also.

With a lease option, you base the price on estimated future market price. Our present market increase here is at about 10-14%, but I usually get the owners to raise the price on 5-7% per year for the contract. That way if the market should slow down, we still have a cushion. The buyer is getting a chance to buy the home of their dream and they are getting downpayment assistance with the lease option. They get their down payment and $100 of each monthly payment applied as either down payment or closing costs. If the home does rise more than 5-7% they also get the appriciation. I have one buyer right now looking to execute the option early, so he can sell the property and we estimate he will make about $25,000 on the property. (The seller is happy also, He made $1,400 a month and is selling the property for $25,000 more than he could have last year.)

If you need further information on Lease-Option or owner financing, please feel free to read my blogs.

Todd

Posted by Todd Clark (Broker) (503)524-9494 (Beaverton, Oregon Real Estate Expert) (Capstone Real Estate) over 3 years ago
Very interesting- as mentioned, the lease options seem to be a good tool.  Thank you for the clarification- I'll read some of your addt'l posts.
Posted by Laurie Mindnich at Options Realty over 3 years ago

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