Here’s another financing strategy

Have you ever had trouble getting finance to buy a property?

If so, you might like to consider this idea…

If you’re unable to borrow enough money to purchase a particular property you may be able to use a clause in your contract, which provides that the seller will provide part of the finance for the deal.

Obviously you will have to negotiate an arrangement with the seller, but this can be a good way to finance a deal, rather than having to compromise by finding a cheaper property.

You might be wondering what sort of a seller would enter into such an arrangement.

Well, if the seller doesn’t have immediate plans to use the money from the sale of the property for another purchase or project, you may be able to provide a greater return on their money than if they were to leave the money sitting in a bank account.

You may have to pay a slightly higher interest rate in the short term until you can refinance, but if you are able to secure the property you really want this will probably be a small price to pay.

If you’d like to learn more about using clauses in your real estate deals go to:

http://www.RealEstateSecrets.com.au/clauses

Warm Regards

Hans Jakobi – Your Wealth Coach®
Real Estate Secrets