This document discusses how to sell your house fast and make a profit in today's difficult housing market. It recommends selling your home through a "wrap" transaction, which involves owner financing where the seller adds their existing mortgage to a new one for the buyer. This allows the buyer to purchase the home without qualifying for a new bank loan. The wrap transaction allows the seller to sell their home more quickly, potentially at a profit, while also generating monthly cash flow from interest payments. It claims sellers can earn $200-300 per month and receive a large upfront payment through this method.

1. Sell Your House Fast, and Make a ProfitSell Your House Fast, and Make a Profit

2. The Housing Market of Today...
Welcome to the post 2008 housing market. The interest rates
are at an impossibly low rate, qualifying for a new mortgage
is impossibly hard, and selling your home the conventional
way may no longer provide a large windfall of cash.

3. Days on Market...
Selling your house fast in this housing market might seem like
an impossible task. Average days on market in South
Texas hovers around 190 days. In my home town of
Harlingen TX, a full year on market is not unheard of. with
this kind of turnaround time for a home sale, finding
yourself in a situation where you need to sell your home
quickly could prove to be detrimental.

4. There's only one reason a house doesn't sell...
Your house is not too ugly or run down, so don't worry. I'm a
firm believer that there is only one reason a home or any
item of worth doesn't sell, and that's price! I've mentioned
before that real estate agents don't set the price; I would
like to make an amendment. I need to add that tax value
should also be taken with a grain of salt. The Market sets
the price, Adam Smith's invisible hand at work. Show me a
run down, dilapidated, haunted home, and I'll show you the
correct sticker price. So how do you sell your home quickly
and still walk away with a profit?

5. Forget the home, that's not the asset...
In today housing market it's important to let go of the
traditional way of thinking. Selling your home does not have
to be a slow and painful process, and selling your home
fast doesn't mean you have to sell it at a deep discount. If
the home can't be sold quickly, sell the mortgage. People
need a place to live. If you would be willing to take a little
risk, selling the home under what's called a wrap could lead
to big profits; or at least allow you to exit the property well
off.

6. Tell me about this wrap...
I'm not an attorney, nor do I play one on TV, so you're out of
luck on the legal department. I suggest you get real familiar
with your states laws, this information can be found on the
internet. I can only speak for my state, and even then
things change! Under Texas law, it's legal to sell your home
under a wrap note. A wrap is a form of owner financing.
This means that you essentially become the bank and add
a new mortgage to the existing one (your mortgage). This
can add a lot of value to the home sale since the new buyer
will not have to qualify for a bank loan. It's hard for the
buyer to negotiate a lower price when they are asking for
owner financing.

7. Benefit of a wrap...
The benefits of a wrap transaction is that it allows you (the seller),
to sell your home quickly. Many times you can sell at a profit, but
wait, there's more! It allows you to create monthly cash flow.
Since you will be adding interest to the loan, say 11%-12%. You
earn interest from the banks money as well. Put simple, you sell
your home for $10,000 to $20,000 more than what you could
selling the home using traditional methods. You originate a new
note, (promissory note) for the extra amount and ask for 10% of
the purchase price up front in cash. I'll sum it up: $200-$300 a
month in cash flow, $20,000 note that will need to be paid by the
buyer if they ever want to sell it, and a nice chunk of change up
front! You could then take your new note and sell it to a note
buyer, but that's for a different article. If you amortize the
amount you will see that if the buyer does not refinance, you've
created substantial wealth over the life of the loan. $100,000 at
12% interest for 30 years, is roughly $373,000. If the owner
does refinance, your $20,000 note will get paid.

8. Resources:
http://www.expresshomebuyers.com/