New Home Buyers- Buying their old homes for my rentals

[Julie Cadman]

I would like to offer a package to builders/developers, and make it as easy as possible for them and their new buyers. How would you present this idea to them?

After talking to yet another new home buyer, and finding out that they had offers ABOVE ASKING PRICE just HOURS after they listed their old home, I have found that they actually hated having to list with a realtor. Fixing up any problems, moving stuff out and super-cleaning for showings, and having the pressure of getting their old home "under contract" before moving on with their new home, can all be very stressful for them. If I can eliminate that stress from them, they might be open to seller financing. Especially if the new home builder "refers" them to me.

Pros for seller: Less stress and time. Old home under contract immediately with no fixing, super cleaning, or realtor fees. I can take over property when they are ready to move. Possibly at appraised value?? (With some kind of subject-to so that I can get out if the home is not something I want to deal with, like extra loans on title, major repairs, bad part of town, etc.) What else?

Pros for builder: Advertisement (I could add their info for new homes with my direct mail campaigns), and a "finder's fee" of some sort (not sure how much though??). What else?

Also, if someone sells their old home with seller financing, will it interfere with their ability to get their new mortgage?

Would this idea even work for selling agents as well?

Thanks everyone!!!

-Julie