Flatiron Financial Solutions

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Presentation to Realtors

 

There is a benefit to to Realtors and their clients in working with a CCFC 

and encouraging property owners to consider Owner-Financing.

 

  1. More people will come to look at the home as a result of offering Owner financing.
  2. It will most probably sell for a higher price because the seller of the home does not  have to reduce the price of the home when they agree to take back the note.
  3. The Realtor will make more because the home will sell for more and their commission is based on the selling price.
  4. The CCFC offers referral fees.

 

Cash Offer

 

 

 

 

 

 

 

 

Sales Price

 

 $100,000.00

 

 

 

 

 

Cash Offer

 

 $  80,000.00

 

 

 

 

 

Real Estate Commission 6%

 $    4,800.00

 

 

 

 

 

Net to Owner

 $  75,200.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner Financing

 

 

 

 

 

Sales Price

 

 $100,000.00

 

 

 

 

 

Down Payment

 $   10,000.00

 

 

 

 

 

Seller Note

 

 $  90,000.00

 

Note @ 8% for 360 months;  $660.39 / mo.

Sale of Note (Approx.)

 $  72,251.77*

 

 

 

 

 

Real Estate Commission

 $    6,000.00

 

 

 

 

 

Escrow to Owner

 $  66,251.77

 

 

 

 

 

Down Payment

 $  10,000.00

 

 

 

 

 

Total Net to Owner

 $  76,251.77

 

 

 

 

 

 

*This is assumes that the note was purchased at a simultaneous closing at 10% and the CCFC subtracted a $3000 fee.