Key Features: • Initial Period: 5-10 years of interest-only payments. • Higher Payments Later: Principal payments begin after the interest-only period ends. • Risk: Monthly payments can increase significantly. Ideal Buyer: • Prefers lower initial payments and expects higher income in the future. How This Information Helps You as a Seller Understanding these loan options allows you to better evaluate potential buyers. A buyer backed by the right loan type is more likely to close successfully, minimizing risks for you. When working with me, I’ll ensure that buyers interested in your property are prequalified and financially prepared to make a strong offer. By leveraging this knowledge, we can make informed decisions and maximize the success of your sale. If you’re ready to work with an agent who prioritizes your success, let’s start the conversation today.
Points to Remember
• Risk of Contracts Without Prequalification: Signing a contract with a buyer who hasn’t been prequalified can lead to wasted time and missed opportunities. • Pre-qualification is Essential: Pre-qualifying buyers before signing ensures they are financially capable of closing the deal. By taking this proactive step, you can avoid the stress of failed contracts and missed sales. Pre-qualifying buyers is a simple yet powerful way to protect your time, your home’s marketability, and your peace of mind.
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