What is a simultaneous closing?

It is a process by which someone selling their property can carry the note or take back the note on the property and sell the note at the same time they close on the property. Thus they sell the property and the note virtually at the same time.

Why use a simultaneous closing?

One important benefit of using a simulataneous close is that the seller can use the phase, "owner financing", in any real estate ad that is placed in a newspaper, publication, on the internet, etc. This will help attract more potential buyers for the property being sold. If you ask someone when they are trying to sell their property if they would consider using owner financing to help sell their property, they would have two objections as to why they would not want to offer owner financing. The first objection is that they do not want to be a bank and collect payments. The second objection to using owner financing is that they need more than just the down payment. Using a simultaneous close would eliminate both of these objections.

It's a WIN-WIN for everyone involved!

Ideally, you would like to have the broadest base of buyers possible for the property, receive full asking price offers, sell as quickly as possible, and get cash for the seller.

A simultaneous close addresses each of those issues AND MORE! The beauty of this system is that EVERYBODY WINS!

The Agent Wins

• You increase your number of sales
• You now have an alternative financing resource available
• You have financing that works on residential, commercial, fixer-uppers, land, acreage, and mobile/land combinations.
• You receive the FULL commission
• Can advertise "owner financing" to attract more buyers

The Buyer Wins

• Can qualify even if they are self employed
• Qualifies with prior credit problems
• Can qualify when they are new to an area or have recent career changes
• Qualifies when purchasing multiple investment properties

The Seller Wins

• Broader base of available buyers
• Can advertise "owner financing" to attract more buyers
• Higher sales price. The buyer can pay full price as he won’t be paying loan origination fees or points. You don’t have to lower the price of the property to accommodate fees and therefore, you can retain your FULL asking price. When the price is dropped, the seller loses that equity forever.
• Faster sale of the property
• Receives immediate cash and a future income stream. We have numerous programs available which can be custom tailored to the seller’s needs.

Other Advantages

• No loan origination fees or points
• Common sense underwriting
• No prepayment penalty

APeX Financial will assist you in structuring a marketable real estate note that can be purchased at closing. The creation of seller financed notes to be sold at the closing table is taking off. Your competitors are cashing in. No more procrastinating, be proactive instead of reactive.

Call or contact us today to discuss your notes and your cash flow needs!

We look forward to working with you.
Office Phone: (877) 812-5105
Office Fax: (877) 812-5105
info@apex-financial.net

-----------------------------------------------------------------------------------------

services : news & release
home : about : contact

Contents Copyright © 2003 APeX Marketing, Inc.  All Rights Reserved.