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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.

Respect Realty LLC (Expect More)

 

At Respect Realty, LLC our agents believe in 100% dedication to client satisfaction.  We specialize in property and land acquisition around the Portland Metro and Vancouver, WA area. We delight in working with first time home buyers and sellers to guide them from start to finish. Our doors are always open and we are always happy to assist you with your real estate questions.

 

Reach out today, we look forward to talking with you!

 

Todd Clark and Seraina Aguayo (Owners of Respect Realty)

Respect Realty LLC (Expect More)

(503)564-3130

info@RespectRealtyNW.com

www.RespectRealtyNW.com

 

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Comment balloon 4 commentsRespect Realty LLC • June 24 2007 06:27AM

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 about 11 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) about 11 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 Respect Realty LLC, Brokers - Oregon / SW Washington Real Estate (Respect Realty LLC) about 11 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 about 11 years ago

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