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All Cash. Fastest and easiest method. Can close within hours. Requires larger discount. |
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Private Financing. Similar to All Cash. Can close within days. Requires larger discount. |
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Owner Financing. Investor makes monthly payments to the seller in exchange for property title. Requires equity in the property. |
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Subject to Existing Financing. Investor takes over monthly mortgage payments to the lender. Mortgage remains in seller’s name. |
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Agreement for Deed. Investor makes monthly payments to the seller. Deed does not transfer until the amount is paid in full. |
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Lease Option. Investor leases the property from the seller with the option to purchase. The investor is not required to purchase, but the seller is required to sell during the term of the option. |
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Short Sale. Investor negotiates a discount on what is owed to the lender on the property. Used when the seller is behind on mortgage and owes more than the investor can pay for the property. |
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Bank Financing. Investor obtains financing from a bank. Usually the investor is pre-approved, and the sale can close within two or three weeks. |
