What is a Simultaneous Closing?

It is a transaction whereby a seller of property can sell property by carrying the note or take back the note on that property, and sell the note at the same time that they close on the sale of the property.  So, they are selling both the property and the note simultaneously.

Why use a Simultaneous Closing?

Most sellers are not interested in owner-financing because:
1. They don't want to be a bank. Collecting payments can be a hassle.
2. They want or need more cash than just the down payment.  
A simultaneous closing wipes out both of these concerns!

What's more, a Simultaneous Closing makes an ideal transaction because:
1. The property sells sooner.
2. There are never any points charged and the closing costs are considerably less.

If you plan to be selling property soon, contact us.


If you're going to be selling soon, contact us!