For investors of detached, residential real estate, if you’re like many you’re in it for the long haul. Real estate is one of the least liquid of assets and while it certainly can be sold over time there is a process and it’s not necessarily anSell a Property inexpensive one. But sell you can regardless of whether or not the area is experiencing a buyer’s or a seller’s market. If it’s a seller’s market and you’ve acquired quite a bit of appreciation over time then you have sufficient equity to cover the associated closing costs.

Other times however when it’s a definite buyer’s market, home sales will slow as property owners either hold out for as long as possible in order to get the best price or lower the price in order to get a quicker sale. However, when property values begin to fall and investors would rather just sit this one out and keep the unit in their portfolio rather than selling, you may choose to continue to rent out the home.

If you do want to sell in a buyer’s market but want to keep the sales price at a higher level compared to other homes in the area you should consider short term, owner financing. Such a transaction allows you to obtain a higher down payment from the buyers as well as charge a higher interest rate than what other, traditional lenders are charging. Who would place a big down payment and accept higher rates? Those that for some reason are having difficulty qualifying, especially as it relates to income.

Lending guidelines today literally require banks to verify income. This income is used to calculate debt ratios and without it, no ratios can be calculated. A very common instance where this applies is someone who has liquid assets that can be drawn from and make the house payment from the principal balance. To lenders, this isn’t considered income and most banks won’t make that loan. But you can. As long as you don’t discriminate against any protected class you can sell your property and issue that loan without a problem.