Any Cash Buyers in the Houston Area?

Posted in Motivated Seller Leads
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  • Larry Niskey
    May 2, 2017 at 8:55 am
    Larry Niskey

    Hi CFD Fam

    There’s a lead available in the Houston, TX area for a cash buyer that can close quickly. This is a 3 BR 2 Ba, SFH, move in condition, Asking $259,000, Comps $350k. If interested let me know. – Nick

    Jackie Lange
    May 3, 2017 at 4:59 pm
    Jackie Lange

    Hey Nick

    This would be much easier to sell if you negotiate to buy it with seller financing or subject-to the mortgage. Then you could sell it to a RETAIL buyer for $350,000 wrapping the underlying loan.. probably get $50,000 to $70,000 down plus a nice cash flow.

    It would also make a great Highest Bidder Sale. But a retail buyer or even a wholesale buyer to pay $259k for a $350k house will require financing most likely. Financing takes time and has a bad way of falling apart at the last minute. That’s why selling it with seller financing would be a slam dunk deal.

    Any chance you can talk to the seller again about selling with seller financing? It sure would open up the buyer pool to MANY more buyers.

    Jackie

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