Great program last night at the Real Estate Association of Puget Sound, on securing real estate with private funds from home sellers and other individuals. A real win-win for both the buyer and the seller. The seller broadens the pool of available buyers by offering seller financing; sells the home more quickly; and for more money than a conventionally-financed deal. The investor buyer, working with private funds, is able to fix up a house, helping to improve the neighborhood, and provide affordable housing for an end-buyer. And the private lender earns 2-3 times what they can earn through the bank or stock market, with their investment secured by tangible real estate.
With that understanding, there are great deals out there on the local MLS by savvy sellers offering owner financing. This will be the theme of the homes selected in my first homes tour of the August Sundays Tours of Homes.
The tours are free! You drive your own vehicle, so you may stop at whichever homes you wish to see. There will be lots of other buyers on the tour, and show times are exact. If you are interested in one of the homes on the tour, we can arrange a lengthier private showing at another time.
There is no sales pressure, no obligation being a part of a larger group and you will enjoy the constructive comments of your fellow tour members. Each tour features a different class of Seattle property.
Here is how it works: Our tours begin on selected Sundays. Each tour runs from 1-3 pm and you may meet us at any home on the tour. Tours begin at 1pm SHARP at the first house on the schedule where you will pick up detailed maps, directions and information of the featured houses. I will post the schedule of houses on the tour 3 days in advance on this Seattle Real Estate Investor blog.
Tentative Schedule:
8/7 - Seller Financed Properties for Sale
8/14 - Estate Sales (Free & Clear) Properties
8/21 - Fixers
8/28 - REOs, Foreclosures
This first tour on Sunday, August 7 will feature approximately three houses in N Seattle and 3-4 houses in West Seattle that all advertise some form of owner financing. Asking prices on these homes range from just under $200,000 - $390,500. They range from 2-5 bedrooms with an average of 1900sf. Perfect for investors, cash buyers or first-time homebuyers!
If you are interested in this FREE tour, please message me privately, call me at 206-355-1706, or respond to this post. We'd love to see you on this tour!
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