Property Investing: How to Get Maximum Retail Price in a Falling Market with Vendor FinancingWritten by Rick Otton
In a falling market, many vendors have been conditioned to lower their price if their property is not selling. That's because they don't know about vendor financing. If a vendor offers financing to a new buyer, it's called vendor financing. By offering financing, a seller can receive top retail price from their buyer. Here's how it works, seller can instruct their agent that they're willing to finance buyer into all or part of their property. Perhaps, new buyer will receive 10% vendor financing from seller, get a bank loan for remaining 80% and put in 10% themselves. The seller will not negoiate on price, because they are offering "terms" such as financing to buyer. The buyer is receiving financing from vendor as well as bank. In this arrangement, seller benefits because they receive price they want in exchange they offer vendor financing to new buyer.
| | 5 Ways To Prevent Credit Card Late FeesWritten by Gary Gresham
Paying a credit card late fee is same as throwing your money away. Late credit card payments can also hurt your credit score. The payment tips and strategies here will show you how to prevent these costly fees. When credit card companies process credit card payments, every single detail is extremely important. Get even one of these small details wrong and you will have to pay credit card late fees. The Fair Credit Billing Act requires credit card companies to credit payments day they are received. However, this law also allows each credit card issuer to set their own specific payment guidelines. If any of these guidelines are not met, credit card company can take as much as five days to credit payment. That means you can get your payment to your credit card company on time and it could become late during that five-day period. The credit card company could legally charge you credit card late fees. So it's in your best interest to follow their payment guidelines carefully. The payment guidelines are usually on back of your credit card bill. Here is five best ways to prevent credit card late fees. 1. Follow Credit Card Payment Guidelines Carefully This includes everything from a specific payment address to time of day payment has to be received to be credited that day. Some companies even require that payments arrive in their preprinted envelope they sent you with your bill. To be safe, always use preprinted envelope provided by a credit card company. Include billing coupon, and write amount you are paying in box provided. Make your check legible, don't forget to sign it and double check that payment amount is correct. Write your credit card account number on your check and send payment with proper postage to payment address requested by credit card company.
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