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I’ll pay your Surrey price if you accept my terms!
Oh yes, this approach is well known to savvy real estate agents and insider investors. It means they’re saying there’s more ways to get the job done. Say your selling your rental property to an investor. His agent says that he’ll pay your asking price of 300,000 if you accept the terms. One of the terms being that completion dates are set for 8 months later. This enables him to purchase something today with today’s prices and buy 8 months from now when real estate goes up in value. He will gain equity right from the get go and will have a very easy time getting a prime interest rate. What is the benefit to the seller? The seller sees no benefit from it. In fact it is a liability because there is no mortgage geared towards the new buyer, and all insurance is applicable to yourself. Unless the buyer is offering a monthly installment of cash to keep the deal alive, there is simply no benefit to the seller. About the Author: Our rental network helps to find quality homes, apartments or vacation rentals in Canada's Fraser Valley area. Visit the website RentSurrey.com for more information on Fraser Valley Homes and Apartments for Sale or Rent.
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