Sell your house in traditional way typically involves hiring a real estate agent, listing the property on the multiple listing service (MLS), and marketing the property through open houses and other means. Now this process does not only costs money but it also costs time & energy.
Also, it is not guaranteed that your house will be sold or what price you will get.

Here are some alternative ways to sell your house fast-

1.Selling to a cash buyer: This involves selling the property to a cash buyer, such as an investor, who can close the sale quickly and without the need for traditional financing.

2.Selling to a real estate investment company: Real estate investment companies specialize in buying properties, often as-is and for cash, with the goal of renovating and reselling or renting them.

3.Selling through a lease-option: This involves renting the property to a tenant-buyer with an option to purchase the property in the future.

It’s sure that all of the above options will help you sell your house fast without realtor that too as little as 7 days but do you know there’s a way where you can sell your home fast that too for top dollar with a creative approach.

Ever heard about VTB or Vendor Take Back?

Vendor take back aka VTB aka Seller Financing in real estate refers to a situation in which the seller of a property provides financing for the buyer to purchase his/her own property.
Technically, as a seller, you will be stepping out from being the landlord and you will turn in to being a Bank.

This can be done by the seller holding a mortgage on the property, which the buyer pays off over time, or by the seller acting as the bank and providing the buyer with a loan in exchange of interests payments.
This type of financing can be beneficial for both the buyer and the seller, as it allows the buyer to purchase a property with less money down and potentially more favorable terms than they would receive from a traditional lender, and it allows the seller to sell their property more quickly and potentially for a higher price.

Seller Financing aka Vendor take back can benefit a seller in several ways:

1.Faster sale: By offering vendor take back, a seller may be able to sell his/her house more quickly comparing traditional tideous approach as you will attract cash house buyers in such creative approach.

2.Higher price: Vendor take back can enable a seller to charge a higher price for their property than if they only accepted cash or traditional financing, as the buyer may be willing to pay more for the convenience and flexibility of vendor take back.

3.Reduced risk: Vendor take back can reduce the risk of non-payment for the seller, as the buyer is obligated to pay for the assets over time.

4.Recurring Cashflow: Vendor take back can generate recurring ashflow for the seller, as they will be paid for the interests payment over time.

5.Flexible terms for both parties: Seller financing agreements can be tailored to meet the specific needs of both the buyer and the seller.

6.Tax benefits for sellers: Seller financing may be tax-advantageous for sellers, as the income generated from the loan may be taxed at a lower rate than ordinary income.

Let’s look at a scenario as an example-

Seller A wants to sell his house for $5,00,000 but the housing market is weak and it has been on the market for a long time without any potential offers.
Now seller A’s realtor advices to sell for lower price but seller A decides to take down the listing from the market and sell his house fast privately to creative experienced investors for top dollar by providing seller financing aka vendor take back for 20% down payment at 4% interest rate over a 2 year term.

In this scenario, the buyer benefits from being able to purchase the property with less money down and more favorable terms than they would receive from a traditional lender. The seller benefits by being able to sell their property more quickly and at a higher price.

Make sure to always connect with companies who are experienced and expert in vendor take back transactions so you can sell your home fast for top dollar with this approach and avoid risks.

If you are in Ontario, Canada and looking to sell your house fast for cash, you should know about 11 Eleven Capital -Cash Home buyers as they are expert in Vendor take back transactions.
They offer top dollar for your house, flexible terms on vendor take back transactions & of course best interest rates.

11 Eleven Capital- Cash home buyers can help sellers minimizing taxes while selling their house with this creative approach comparing the traditional method where they end up paying realtor’s commissions and as well as higher taxes.
Here’s how-

1. Lower tax rate on loan income: The income generated from the loan may be taxed at a lower rate than ordinary income, depending on the terms of the loan agreement.
2. Capital gains tax exclusion: If the seller meets certain criteria, they may be able to exclude a portion of the gain on the sale of their property from capital gains taxes.
3. Interest expense: The seller may be able to claim interest expense on their tax return, if they use the proceeds of the loan to purchase another property.

It’s important to note that the specific tax benefits of seller financing will depend on the terms of the loan agreement and the seller’s individual tax situation.