Why You Should Sell Your Mortgage Notes Now
Are you thinking about selling your home? Or, are you considering seller-financing your home to a buyer? Well, recent studies show you shouldn’t wait to do so.
According to a recent article from SeekingAlpha.com, the housing market in the United States in decelerating. With the exception of major cities like New York and San Francisco, housing prices in most areas of the country have significantly declined this summer. Higher prices for new houses, slow increases in household incomes, population and job growth will cut the number of home sales by 5% from last year’s level, the article predicts. This will delay the recovery of the nation’s homebuilding market.
It appears that the nation’s housing market is on a steady track to repeat its experiences during 2005 and 2007. During that time, new home sale prices rose before slowing significantly and flattening out in November of 2007. Then the housing market crashed as our economy toppled into a recession. Today, the housing market saw major inflation between July 2012 and July 2013. The average new home sale price increased by $25 for every $1 that median household income rose during that time, the article shows. Since then, that growth slowed and has increasingly flattened out since January 2014.
So what does this mean for homeowners?
Because market sales are decelerating, homeowners can expect to receive less money when they sell their homes. Therefore if you are thinking about selling or seller-financing your home, the time is now. You should put your property on the market and sell your mortgage notes now while housing prices are holding up. If you wait you may over-price your home sale by mistake. This could be disastrous for the equity value of your investment. Even if you’re not planning on selling the mortgage note you create via the sale of your property, the value of your home may begin to descend after the sale and result in strategic default.
To avoid the risk of not making a return on your investment, you should seller-finance your home now. Then you should sell your mortgage note to avoid further risk. Let our principal note buyers at Amerinote Xchange worry about the risk. Contact us to sell your mortgage note today!