Advantages of Owner-Carry Installment Sale By William Bronchick

Advantages of Owner-Carry Installment Sale By William Bronchick

For both the buyer and the seller, there are many benefits for doing an owner-carry installment sale as opposed to conventional financing. In most cases, the transaction is win/win for both parties as sometimes the advantages inure to the benefit of one of the other. Most of the sellers of real property insist on highest price and all cash. Usually sellers wish for a fast closing with very little hassle. Sellers also wish to pay little taxes as possible on the gains incurred. At times, the seller can have most of his needs satisfied by an installment sale instead of a traditional cash sale.

A seller can insist on receiving the highest price while offering owner-finance terms. At many times the seller can receive more than the fair market value of the property by offering these soft' terms, explains William Bronchick in his coaching. For non-qualifying financing, people are always willing to pay a premium. Every seller nearly wishes for all cash, but a few of them actually need it. A typical seller wants maximum net cash from the deal. Often a seller pays closing costs, title insurance, broker fees and the balance of the existing financing. Due to Uncle Sam, there may be capital gains tax to it as well. William Bronchick's coaching classes indicate that in many cases, the sale of a property by an installment sale (particularly a "wraparound") will net the seller more future yield than any source from which the cash proceeds were reinvested.

As per William Bronchick's coaching lessons, the buyer in many cases prefers an installment sale to conventional financing because it does not require traditional bank income and credit approval. The buyer can also have a poor credit because of a divorce or recent bankruptcy. The buyer could be self-employed and cannot prove income. He could also be new to his job and cannot meet strict lender guidelines. William Bronchick's coaching reveals that even if a buyer qualifies for a loan, the rate will be astronomical if he has poor credit history. The buyer is also free from owner-carry installment sale, exclaims William Bronchick in his coaching. To learn more, visit www.williambronchickcoaching.com

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