Wealth-Coaching

There are times in your real estate ventures that the seller of a home will be asking more than the market value of the home.  In most instances, this will just mean you can’t buy the house.

There are creative ways to make the deal work without paying IF you are willing to pay a higher interest rate, you could get a better price on a home.

Very few real estate investors think about this option but most home owners are looking to make a certain amount of money instead of ‘charge’ more for the property.

If a owner is interested in financing a deal with a down payment, consider this option.  Take the market value of home and make it the selling price.  Offer a higher interest rate that could make the monthly payment at a level that will put the desired amount of money in the seller’s pocket.

Not only is this a win for the seller but it’s better to pay a little more in interest that will be tax deductible than paying more for the house an being in a negative equity sitation with the property.