Article: Owner financed sales are rare, and you shouldn’t jump into one until you have thoroughly considered your situation. Think about the following:  You usually must own the house free and clear of any mortgage. Otherwise, you will need your lender to give you permission to sell. Taxes can be complicated and you’ll want to hire a tax professional to help you. You might have to go through the foreclosure process if the buyer stops making payments. This can be costly and time-consuming. However, you may make much more money on an owner financed sale than if you sell the traditional way. Buyers usually like owner financed sales because a seller might be less choosy than a bank or mortgage lender. However, you should consider the following:  You might have to come up with a larger down payment than you normally would. The owner-seller is taking a risk by financing your sale, and in return they might want a larger down payment or higher interest. Owner financed sales often close faster than other sales. You need to be sure you can make the balloon payment if one is written into the contract. If you break the contract, then you could lose the house and all of the payments you have made up to that point. This option is often more advantageous for the buyer and less complicated for the seller. You and the person interested in your home will lock in a potential sale price for the home, as well as a lease agreement ranging from 2 to 5 years. During that time, the person will pay you rent on the home, with a portion of that rent going toward a down payment on the house. After the lease ends, the person can choose to proceed with the sale as arranged, or they can opt to walk away.  If they walk away, they don't get a refund on the extra money they paid toward the down payment. If they do walk away, you'll need to relist your home.
Question: What is a summary of what this article is about?
Analyze your situation as a seller. Determine if an owner financed sale is ideal as a buyer. Consider a lease-to-own option.
Article: When the contract is ready, send it to the other party. The other party will examine the contract to ensure that the terms suit them. In some cases the other party will sign and return the contract right away. More often, he or she will respond with a counteroffer. If there is a counteroffer, be sure to read any changes carefully and decide whether they are acceptable before you sign.  If you want to speed things along, you can include a date by which the contract should be either accepted with signature or rejected. Without such a stipulated date, the other party is obligated to respond "within a reasonable amount of time," but this is highly subjective. You can revoke an offer that has not yet been accepted.  For example, if you present someone with an offer, and he is considering it but has not accepted the offer, you can tell him that you have changed your mind. However, once the offer has been accepted, you've entered into a binding agreement. It's common for parties to pass a contract back and forth making changes until both parties are satisfied with the terms.  The parties are welcome to change the contract in any way they want, so long as the other party sees the changes and has the opportunity to respond. Make sure that you are completely satisfied with the terms before signing the contract. It is very important to read through the whole contract just before signing it to ascertain that there are no changes  added without your knowledge. After signing, you are legally obligated to perform under the terms of the contract. After signing the contract, you are legally bound by its terms. If one party does not do what is specified in the contract, the other party has legal remedies and can sue. The courts can either try to enforce the contract or award monetary damages. Any ADR options listed in the contract are also available to dissatisfied parties. The legal system will usually support contract terms, however, and can be used against a violator.
Question: What is a summary of what this article is about?
Make an offer, and consider any counteroffers. Negotiate until an agreement is reached. Understand your liability.
Article: Successful people aren't born; they are made through accumulated life experiences and that includes risk as well as failure. While acting impulsively is never recommended, taking calculated risks can pay off in the long-run.  Even if you don't succeed at everything you undertake, studying failure and learning from it is a key feature of all successful people. Steve Jobs was fired from Apple in 1985 in large part because he was difficult to work with. However, he returned 12 years later and turned the then-failing company into a success because he had become a better leader. , not reactive. Research has linked personal success with proactivity.  Therefore, instead of waiting for opportunity to find you, brainstorm ways to improve your life and career and act sooner rather than later.Below are some tactics for becoming more proactive: Useful brainstorming techniques include freewriting, making lists, and mapping.  Anticipate what obstacles you will face and how to tackle them. Related to skills like visualizing is is prediction.  When we realistically project a path to success, necessarily, we also project the pitfalls along that path. Prevent avoidable obstacles.While not all obstacles are avoidable, many can be circumvented by preparation, funding, and training in advance. Appreciate timing. Research shows that, just important as taking action, is learning when.  Act too soon on something you are unfamiliar you, you may look unprepared or fool-hardy.  Act too late and you may not get the opportunity to use your skills and demonstrate leadership. Success doesn't happen in a vacuum.  Every successful person has a long list of friends, teachers, mentors, co-workers, etc. who assisted them along the way.   Look to people you already have in your life who are talented, positive, supportive, motivated, and knowledgeable. Spend time learning from them and collaborating when possible. Internships, seminars, and job-shadowing are other great ways to interact with successful people and to learn from them. Maybe your goal falls outside of the rat race and you are looking for ways to be successful as a parent, or teacher.  The rule is still the same.  Find those people who are successful and who you admire. Spend time with them and learn what makes them tick.  Emulate good habits to bolster your own ambitions. Are you attempting to improve delivery of a product or service to a client?  Are you seeking out mentorship from other, more senior professionals? Are you looking to improve your skills as a competitive cyclist? Whether thinking logistically or personally, fostering strong relationships is an integral part of success, no matter what the playing field. The following tactics can help you grow these relationships in productive ways:  Grow your personal network. While every entrepreneur knows that a strong brand and social media presence is key to professional success, these do not take the place of personal encounters, which are the most common source of opportunity and growth.  Foster relationships outside your serious aspirations. Think about your personal life as practice for managing people in professional or employment-related contexts.  When you don't listen to the needs of family or aren't a loyal friend, these relationships fail to thrive.  It's also important to seek out opportunities to develop relationships with new friends as well, so consider joining a club or attending a hobby meet-up. Asking questions is a great way to not only be a part of important conversations but it grows your knowledge and increases your likability, as it gives others the opportunity to share. Listening to others also gives you the ability to benefit from their expertise and utilize what you learn toward future tasks. When you outsource blame for your actions, you also take away the ability to take credit for your success. Don't blame failures on outside forces. Instead, analyze what you did and how, next time, you could do it better.  Remember that only you decide whether you succeed or fail. Successful people are intensely motivated and possess a strong work ethic. Apply yourself fully to each task you undertake.  Exceed the expectations of co-workers and supervisors. Do not accept "adequate" but instead always work toward improvement and progress beyond what is required.
Question: What is a summary of what this article is about?
Learn from failure. Be proactive Surround yourself with successful people. Nurture strong, positive relationships. Ask questions and listen more than you talk. Take responsibility. Adhere to high standards.