Creative financing can help most sellers to not only sell their property but may also aid in getting the higher asking price or very close to the full asking price.
Many buyers whether first time or moving into something bigger are looking for financing in an economy that is experiencing a big reform and stricter rules of extending credit. Banks at this time are very leery of government backlash if they do anything remotely close to sub-prime lending. The answer is creative financing.
Many sellers do not understand creative financing, but in this upside down slowly getting better economy a seller will have to understand creative financing if they wish to sell their property sooner rather than later.
Creative strategies such as lease option, seller assisted down payments, seller held second or even first mortgage. All can be better options than not selling the property. Use of these types of strategies can also help in selling a property close to if not the full asking price.
So instead of trying to wait for the economy to improve before selling your property, consider conventional and creative options with an open mind. Many sellers and buyers are going to have to start thinking in a different manner to be able to achieve results, understanding creative financing techniques is a step closer to closing.