How to sell your house fast!

Now I know the ideal plan is to have 1000 houses that you never sell EVER, but can I let you in on a secret that 99% of investors do not know…

Secret
Equity gets LAZY

Make sure it is working harder then bank rates

If you have a house or investment property that has money in it in the form of equity or cash. It may be wiser to sell the property to use that cash or equity wiser. If you have $50,000 in cash or equity sitting there and you have found a great deal you want to move into that will make your money work harder than what it is working now, why not sell and kick start your money into working harder for you again?

Now for the people out there who think selling to open up your cash to a holiday or new 100cm Plasma - you are reading this the wrong way - and I even suggest that you are not an investor, just someone who was lucky enough to have a bit of capital appreciation.

OK, So how are you going to sell your house quickly to get onto the next house you have seen without even starting to do any advertising yet?

Well this is where your networking with agents comes in handy. Now you call them and tell them about your property you have for sale. If you do not have agents you know well, get them. Find someone you think may help you, invite them for a lunch etc. and describe what you want from them and how you can help them sell more property.

My favorite is to sell it privately, but most people do not like the fact that there is no agent, so get some help from a solicitor who maybe familiar with selling privately. The agent does not really have much to do with the process after it goes to contract anyway so really they just introduce the buyer and seller and get 6% for nothing else really.

Why not offer Vendor Finance or a Lease Option?

This is my little baby and it makes things happen fast.
Get a sign in front of your house and the nearest cross street offering that you will sell the house with the deposit already paid. The sign should say something like:

“Owner will help you into this house,
the deposit is already paid
so just get the bank to give you the rest.”

These will go like hot cakes on a Sunday morning if it is priced correctly. For those of you playing at home this is called a “2nd mortgage carry back” and is a great way to sell to both new owners and investors who are great lending risks, but have a lowish deposit or have been locked out of the banking system for one reason or another.

Offer your house for sale with 6 months worth of payments paid! Yes you pay the new owners mortgage for 6 months. You can sell the fact that the new owners will be be tempted in to. Whats it really going to cost you to do this? $1500-2000 per month for 6 months. $12,000 - $15,000, but you are off down to the road to do another deal making more than that for sure.

You could help the new owners pay down their mortgage for the first year also, just sending $500 per month to them as a helping hand to make up the difference between the rent they were paying and the new mortgage.

So as you can see it does not require an agent to do the selling for you. If you are confident you should be able to get things done quickly and very easily when you know how to go about selling.

It makes me wonder why people who know so much about the returns, the area and the neighbours needs someone else to sell the property for them, introduce them anyway.

What have you got to lose anyway?

I mean you can list that house again with an agent after you have given it your best shot, so why not get a few signs made up or make them yourself and see how you go.

Fast can mean massive opportunity!

Don Christie

Last 5 posts by Don Christie

• Coffs Harbour Vendor Financed House Stop Renting!
• Rick Otton's Massive Passive Property Pack Review
• No Bank Qualifying, Vendor Will Finance Buyer into 3 bedroom House
• How to Find Great Deals in the Area you Want
• Flipping Success: Making a Living from Fixing Up Houses!

[ Add Your Comment ]