Combination Of Selling Strategies

Sometimes the best way sell a house in Dallas TX is taking advantage of all the resources possible, using a combination of selling strategies may be needed in order to successfully help seller sell their house in Dallas fast. Combination plans generally combine 2 or more strategies at the same time. Combining strategies gives the seller more options than with one single strategy. We came up with this option after studying and helping many homeowners navigate difficult situations. In some cases, this is how we best serve our clients and that’s why it’s become a popular choice.

House Selling Strategy Case 1

  • Actual Appraised House Value: $200,000
  • Existing loan payoff: $175,000
  • Typical costs of sales: ~$20,000
  • Sales price needed to break even: $195,000

 In this case, the home seller wants to SELL FAST and wants to sell for FULL PRICE, but unfortunately lives in an area where there is more than 10 months of inventory on the market.

Solution: Combining Traditional Listing and Wrap Around Mortgage

  • List house with a Realtor in MLS for $200,000
  • Offer house to investor with financing for $210,000

By listing the house in the MLS at full price the seller “may get lucky” and find a buyer within his timeframe. As a backup plan, the seller also offers the house with a wrap-around mortgage through an investor. Because the second option includes owner financing, in general such a house will sell FASTER and at a PREMIUM PRICE. Of course if the seller does not feel as comfortable with the backup plan, he may opt to try plan A for some pre-determined period of time first. For example listing the house for 60 days, and if we don’t get an offer, we offer the owner financing as well.”

House Selling Strategy Case 2

  • Actual Appraised House Value: $150,000
  • Existing loan payoff: $140,000
  • Typical costs of sales: ~$15,000
  • Sales price needed to break even: $155,000

In this example, the seller wants to SELL FAST and needs to sell for a PREMIUM PRICE because of the amount owed on the loan.

Solution: Combining Traditional Listing and Mortgage Payment Assignment strategies

  • List house with Realtor in MLS for $155,000
  • Offer house to investor with financing for $140,000 with a $10,000 + down

This is a very common scenario. By listing the house in the MLS at full price the seller “may get lucky” and find a buyer within his timeframe – although this is not likely because most buyers are looking for “deals”.

As a backup plan, the seller also offers the house with a mortgage payment assignment program through an investor. Because the second option includes owner financing, in general such a house will sell FASTER and at FULL OR A PREMIUM PRICE. Of course if the seller does not feel as comfortable with the backup plan, he may opt to try plan A for some pre-determined period of time first. For example he may say “I want to try a traditional listing for 60 days, and if we don’t get an offer, we offer the owner financing as well.”

House Selling Strategy Case 3

  • Actual Appraised House Value: $300,000
  • Existing loan payoff: $240,000
  • Typical costs of sales: ~$30,000
  • Sales price needed to break even: $270,000
  • Seller is BEHIND ON PAYMENTS – 2 months, $6,000

In this example, the seller needs to SELL FAST to avoid foreclosure and would like to receive some equity if that is possible.

Solution: Combining Traditional Listing, Mortgage Payment Assignment and Short Sale strategies.

  • List home with Realtor in MLS for $290,000
  • Offer home to investor with financing for $250,000+ with a $20,000 + down payment

This is another very common scenario. By listing the house in the MLS at full price the seller “may get lucky” and find a buyer within his timeframe – although this is un-likely because each month the seller falls further behind on payments and the house gets closer to foreclosure.

As a combo plan, the seller also offers the house with a mortgage payment assignment program through an investor. As a second backup, the investor also begins to negotiate a short sale.

If a traditional buyer is not found it is likely a owner finance buyer would want the property and the home can be purchased through the mortgage payment assignment program.

If a mortgage payment assignment buyer is not found quickly and with sufficient money to pay for the closing costs, fees, and back payments, then the home can still be sold through a short sale – which will allow the seller to avoid foreclosure.

Now that’s getting creative! As you can see, finding alternatives that meet the needs of our clients is our #1 priority. We know how difficult and frustrating selling a home can be, especially if there’s not a lot of equity. That’s why we’ve studied the market and come up with solutions that work for our clients and ultimately enables them to move to the next stage of their lives

Dallas Houses for Cash can recommend a Realtor to manage combination plans. Because it will be a Realtor that we also have a relationship with, there will be no additional charge to you for doing a combination plan with us. In other words, if plan A works – great, the property is sold and the Realtor is paid by you. If plan B works, great, the property is sold and the Realtor is paid by us (and the new buyer).

If this is an option you wish to explore, Contact Us! We are part of a national network that buys and sells large volumes of properties. Our network has gone through the painstaking process of interviewing and even hiring scores of realtors, to determine who the VERY BEST ONES are, and we would be happy to refer these Realtors to you at no charge.

 
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