Immi-Nest
DIRECT MATCH to PRIVATE FUNDING SOURCES:
* Home Ownership * Commercial Investments * Developments
The national credit crunch affects everyone one way or the other. Sellers can not sell to buyers who can't credit qualify to buy. In a market full of for sale listings, yours is competing with many similar properties on discounts, upgrades, incentives, and not to mention those foreclosures and short sales offering at 1/2 price!
Property can't be sold for any one or all of the 6 reasons: Location, Condition, Price, Equity, Cash Flow and Financing.
At the right price, location and condition does not matter, but if your buyer can not obtain financing, you can't sell for either half or full price.
Immi-Nest has affiliate cash and note investors and we bring their pre-approved buyers to you to help unload your unwanted property quickly. Even up-side-down equity ok.
Have Buyers That Can’t Obtain Mortgage?
No Need to Hold or
Compete with Other Sellers
Sell Now with
Owner Financed Note
& Cash Out at Closing
No Rent-to-Own, No Lease-Purchase, No Bond-for-Deed, No Land-Contract
à Just a Straight Sale
Receive Total of 85 – 95% from the Appraised Value
Sell Now or Wait?
Two years after residential housing market gave way to a national collapse of home prices and sales, commercial real estate is bringing more woes to the battered economy. Thousands of commercial mortgages valued at hundreds of billions of dollars are approaching a renewal date. Two out of three will no longer meet the original loan conditions and won't be able to refinance.
In housing, many of the loans with poor underwriting went bad within two years when adjustable-rate mortgages were due to reset to higher interest rates and raise monthly payment costs for homeowners. Commercial properties carry mortgages with five to ten years and the loans issued from 1999 to 2007 are coming up for a refinance. Today's economic downturn and credit crunch makes that unlikely, as credit standards have tightened and many banks have shut down on lending.
The reality is already on display. On April 2009, the nation's second largest mall developer, General Growth Properties, filed for bankruptcy protection. The Chicago based company owns more than 200 malls across the U.S. was unable to renegotiated its debts as they were due. The same month, a 40 story office tower in New York was seized by its creditor. Office and retail vacancy rates are continue on the rise, industrial parks, hotels and multifamily apartments and many smaller local regional property owners that are stretched thin may have some great difficulties with their mortgages.
Most For Sale By Owner listings that could not be sold eventually end up being listed by real estate brokers, and average listings in most cities are 12 to 18 months. So for many sellers, the time frame from when they recognize the need to sell until the properties are unloaded could be as long as 2 years or more! Taking out the discounts, holding cost, closing fees, a typical seller usually nets at 60 - 70% of the first asking price! And those who can't afford to keep, eventually lost their equity, credit, and properties to foreclosure.
