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Subject-to is an excellent solution in real estate for a number of reasons:
1. Faster sale: Subject-to sales can be completed much more quickly than traditional sales, as there is no need for the buyer to secure a new mortgage. This can be a big advantage for sellers who need to sell quickly.
2. Increased pool of potential buyers: Subject-to sales open up the pool of potential buyers to those who may not qualify for traditional financing. This includes buyers with less-than-perfect credit, self-employed buyers, and those with irregular income streams.
3. Lower closing costs: Subject-to sales typically have lower closing costs than traditional sales, as there is no need for the buyer to pay for a new mortgage or title insurance.
4. Higher selling price: Subject-to sales can often result in a higher selling price for the property, as buyers are willing to pay a premium for the convenience and flexibility of this type of sale.
5. Passive income stream: Subject-to sales can provide a steady stream of passive income for the seller, as they continue to receive mortgage payments from the buyer.
Overall, subject-to sales can be an excellent solution for real estate transactions, providing benefits for both the buyer and the seller. It can be a win-win situation that allows the seller to sell their property quickly and profitably, while providing the buyer with a viable financing option that may not have been available otherwise.