How to sell land: A buyer’s market begs for seller-financing
October 9, 2008 by Curtis Seltzer · 2 Comments
No one likes getting kicked in the teeth. Particularly, repeatedly.
That’s how Americans feel this week as the sinking economy flails about, dragging down banks, sales, jobs, credit, savings and hope.
Things that almost all of us had no part in–derivatives, credit-default swaps, subprime mortgage pools — have stomped everyone into the financial dirt.
It’s a bad time to be in the jam of having to sell real estate. Buyers are spooked, and rightly so. Big lenders appear to fear lending, particularly to each other, even though money is available. They want debt off their backs, as do we all.
It’s a “buyer’s market” in real estate, except buyers are afraid to buy even if they can.
We have a lot to fear, including fear itself. Read more
