At Columbia Real Estate, we bring a wealth of expertise to the table, ensuring that our sellers and investors benefit from our deep industry knowledge and innovative approaches.
The Problem
Selling a home has become more streamlined over the years, simplifying what was once a stressful process. However, some sellers still find themselves without a buyer, which can be especially challenging if they need to move for work or other personal reasons. In such cases, they may end up paying two mortgages, adding to their financial burden.
The Solution
We don’t undercut the seller but instead pay full market value for their property. What we ask for in return is to structure the sale as a “Subject To” transaction.
What is a “Subject To” Transaction?
A “Subject To” transaction in real estate refers to a method where a buyer takes over the seller’s existing mortgage payments without formally assuming the loan. The existing loan remains in the seller’s name, but the buyer agrees to make the monthly payments. Here’s a breakdown of how it works:
- Existing Mortgage: The seller has an existing mortgage on the property.
- Agreement: The buyer and seller agree that the buyer will take over the mortgage payments.
- Title Transfer: The title to the property is transferred to the buyer, but the mortgage remains in the seller’s name.
- Payments: The buyer makes the mortgage payments, although the seller is still legally responsible for the loan.
Benefits
- For Sellers: Can quickly offload a property, especially if struggling to make payments or needing to move quickly.
- For Buyers: Can acquire property with potentially favorable mortgage terms without needing to qualify for a new loan.
Market Analysis and Acquisition
Our team conducts thorough market analyses to identify promising investment opportunities. We consider factors such as location, market trends, and property potential to ensure optimal acquisition decisions.
Property Management and Improvement
Once acquired, our properties undergo strategic improvements to enhance their value and appeal. We manage every aspect of the property, from renovations to tenant relations, ensuring a seamless and profitable operation.
Commitment to Excellence
Our commitment to excellence is reflected in our meticulous approach to every transaction and investment. We prioritize long-term success and strive to build lasting relationships with our clients and partners.