After you have purchased your property and done all the necessary repair the property is now worth full market value and you are ready to sell fast. The first thing to do is place your advertisements in the paper stating that your property is for sale on contract in order to attract perspective buyers. This ad should describe the type of home including bedrooms, bathrooms, and any special features such as newly remodeled or basements. In your ad make sure to mention that all perspective buyers that this is a no bank involved sell and all will be considered including those with bad credit. Mortgage investors will sometimes buy the mortgage from you even if your buyer has a credit score as low as 500.
Your next step is to host an open house for all your perspective buyers. It is way too complicated and time consuming to make appointments with everyone. Just make sure to put the time and address of your open house in your ad and they will show up. During the open house you will be showing the property and running the credit of your perspective buyers to see if they qualify for the mortgage.
After you get all the potentials, you compare and pick the buyer that will yield you are going to submit to the mortgage investor. The mortgage investor will essentially be buying the lien paper on the property. When the mortgage investor agrees on the buyer and terms now its time to collect the buyers down payment, sign over the lien, and collect your payment.
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