Harlingen, Texas Owner Financed Home Sells in Record
Time
Introduction: Seller with a desirable home had
many showings but could not get any qualified offers in over 7 months. A small shift in marketing makes all the
difference.
Property Sale Overview or Highlights:
• Client Profile: Seller Pablo Q. and wife Lina Q.
• Location: Harlingen, Texas 78552
• Property
Type & Price: $379,000.00
• Duration: 1 week
• Real Estate Broker Name: Azua Real Estate powered by eXp Realty – Global Investor
Agent Team
• Mortgage Details: Owner Financed Sale, 15% Down payment, 9.5% Fixed Interest rate for 30
years no prepayment penalty and no balloon payment.
• Special Features: Well maintained 25 year old ranch style home with many upgrades throughout the years maintaining all the “up to date” amenities buyers are looking for in today’s market. Roof less than two years old. Top of the line electric 16seer HVAC system. Desirable north Harlingen, Texas neighborhood.
• Negotiation Highlights: Home was in immaculate condition and buyer did not
ask for any concessions, repairs, upgrades, or discounts. Buyer did need owner financing because he was
a small business owner and typical lenders were having a hard time qualifying the
buyer due to restrictive qualifications typical on loan products available to
most mortgage brokers. Buyers were
qualified by an independent Residential Mortgage Loan Originator and deemed to
be credit worthy based on bank statements and verified streams of income and
account receivables.
Key Features of Our Real Estate Services: Azua Real
Estate was contracted to sell this beautiful home after the sellers Mr. and Mrs.
Q had tried to sell their home with another typical Realtor/Brokerage
Firm. Their listing had expired because
their realtor was not familiar with creative financing/selling techniques. Most Realtors/Brokerages only list the home
on the MLS and hope to snag a bank qualified buyer to come along and make a
full price offer. Often, there are many “would
be” buyers that just can’t qualify for traditional loans and therefore, they
just must move on to the next prospect.
Benefits of Choosing Azua Real Estate: At Azua
Real Estate we are investor agents. We
are well versed in creative financing/selling techniques that most realtors
have never heard of let alone know how to execute them. Our team of title companies, real estate lawyers
and corporate national institutional buyers work together to get properties
sold fast where both buyers and sellers win in the transaction. In this case, owner financing worked best for
both parties.
Challenges Faced by Clients in the Current Market: Their
previous Realtor (typical of the industry) only knew one way to sell a property
and could not find a buyer for the home who had qualified for a bank loan. That broker did not offer any solution except
to lower their asking price. The seller
knew what he wanted for his property and did not want to lower his price. That
broker could not offer any viable options for the sellers Mr. and Mrs. Q.
How Azua Real Estate Addresses Client Concerns: Azua Real
Estate offered several ways to market their beautiful property and open the
pool of buyers exponentially. Each
option/scenario was explained and the seller choose the best option for their
needs. They chose owner financing over
other options we presented and we moved forward with a plan.
Summary of the Property Deal or Broker's Approach: A buyer requested
a showing within the first week of listing the property and they submitted an
offer which was accepted by seller.
Summary: Azua Real Estate, procured a buyer quickly because marketing a
property with different buying options for the buyer opens the pool of buyers
exponentially. Being experienced in
different selling options and being able to navigate through them successfully,
makes a world of difference. Contact
us today if you find yourself with a property that just hasn’t sold
using the traditional method. We can explain
the benefits and possible pitfalls and how to handle them. We are here to help.
