We are Investors on Terms and get Deals on Terms done!
Smart Buying and Selling Solutions in Real Estate
Alternative Methods to overcome Buying and Selling challenges effectively
Using all the tools that the law provides and supports, we, as investors on terms, create the best deal for both home sellers and home buyers. We find a solution when a solution wasn\'t thought possible, just because we think outside the box. That\'s our job!
Through creative use of the tools that laws regulate and support in every state in the US, Investors on Terms offer solutions to Real Estate challenges that mainstream transaction tools do not offer or do not address in a way that is satisfactory to Home Buyers and Sellers.
Example for Sellers:
If Home Sellers want or need to move, they have to pay off any debt and rid the property of any liens that secures that debt. It’s usually done at the closing table with proceeds of the Sale coming from the Buyers, go straight to the Sellers’ lender, thus paying off the outstanding balance and removing the corresponding lien. The Sellers, net of selling and closing costs, pockets whatever is left of the equity owned on the property.
An Investor on Terms may resolve the same problem of paying off the mortgage by either assuming the existing mortgage, or taking over the responsibility of making all the payments until paid off. So the Investors would be leveraging the existing financing leaving it in place to acquire the property. The Sellers would be cashed out of the equity which would be a larger amount due to the efficiency of the process, pocketing much more than in a regular transaction. Or they could fetch a higher price and pocket more if they can finance said equity, depending on the exit strategy of the Investor on Terms.
Example for Buyers:
Buyers who just started working in a temporary position and are renting while waiting for a permanent and well paid job are plentiful. Once the opportunity arrives and the switch happens, many think that they can take advantage of an FHA loan and with a small downpayment they can stop renting and paying someone else’s mortgage. They could Buy a permanent Home and perhaps finally start a family by choosing a family friendly home. Buying with a mortgage though, may be impossible. A strong guideline that dominates the lending industry, called seasoning, may require 2 years of stable income from a job before qualifying for a loan. That’s how Investors on Terms can sell a home right away with a Lease with Option to Purchase. A downpayment to pay as an option fee gives them the ability to complete a Purchase & Sale transaction in the necessary timeframe, while they can move in already and call it home. By taking over all responsibilities associated with ownership, they can enjoy the benefits and the feeling of being a home owner, despite not meeting the lenders’ industry standards and requirements yet.
It has, for some Investors on Terms, an added feeling of doing business in an ethical way with a commendable purpose, seeing how many deserving Buyers can’t otherwise become owners. Many times it allows to start a family in a stable environment like only a permanent home will allow.
Methods and tools for Investors on Terms:
Taking from other sectors of the Real Estate market, revamping old methods that were once popular, creating hybrids between systems and also tweaking tools that are regularly used in todays real estate industry, Investors on Terms study situations thoroughly and offer customized solutions which not only are often much more effective than better known ordinary solutions, but sometimes offer an option that did not otherwise exist.
Sellers who can’t sell in the timeframe, at the price, in the way that they want and/or need, Buyers who struggle to position themselves in a way that lenders, with extremely tight guidelines after the 2008 crash, will provide the finance to close a Purchase & Sale transaction.