Unfortunately, the reality for some homeowners is that they may have to sell their home quickly either due to financial or situational distress.
But what options do homeowners have to sell their property when they don’t have the time or resources for the traditional home selling process?
Creative financing is an option available that many homeowners, and even investors, may not know about but should.
In today’s episode, southern California real estate agent Lisa Mailhot joins me to explain just what creative financing entails, why it’s far from illegal, and how it can work in your favor with the right terms and communication.
Remember creative financing may not be applicable to your situation so it’s important to speak to your lender about your options.
In this episode, you’ll also hear:
Must-listen moments:
[00:01:25] There's so many different ways to structure a creative finance deal, and ultimately it comes down to just creating a win-win situation for the seller to be able to get out of whatever situation they're in and be able to sell their home, and for the buyer to be able to buy with something structured differently than your standard mortgage...
[00:09:35] For the seller, we can set up third party servicing companies to make the mortgage payment…there's definitely companies that'll handle that, that middle part, just so everybody feels really comfortable.
[00:11:00] There's so many creative financing opportunities that are really, really opportunistic for the buyer and really, really opportunistic for the seller.
About Lisa Mailhot:
Real Estate Agent in Southern California
https://whitestonere.com/agents/lisa-mailhot
To contact us visit www.loanwithjen.com
Equal Housing Opportunity Lender NMLS# 514497
Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.
Resources mentioned in the episode:
https://www.loanwithjeneducation.com/
https://www.instagram.com/loanwithjen/
https://www.facebook.com/loanwithjen
https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g
https://www.linkedin.com/in/loanwithjen/
https://twitter.com/LoanWithJen