Services
NuTerra platform has distinguished features where all participants of the purchase-sale process will have access and the ability to promptly register and find different opportunities to reach their goals.
What you need to know before you start
Vendor financing can be used as a method to sell a home if the potential buyer does not qualify for a loan sufficient to fully acquire the property. Typically, the owner providing the loan has substantial equity in the home, but this is not always the case.
Another benefit of seller financing to an owner is, after the sale of the home, s/he would be receiving a steady monthly income. In some cases, owners can avoid or spread out paying capital gains tax on the sale of their property by delaying the ultimate sale of their property.
Our system includes the following users:
Sellers of the property*
Those sellers who are willing to sell their property at best terms (particularly non-residential property owners) having difficulties to promptly find their buyer.
Sellers submit listings of their property with detailed descriptions and desired terms of sale. Providing vendor financing will be one of the options they may consider, and specify their conditions for this type of sale deal.
Sellers may indicate if they currently have any mortgage obligations and how they see the transfer of their mortgage burden to the potential client.
Buyers
Those buyers willing to purchase the property no matter what current country of their residence is.
Once buyers register at our platform, they are expected to undergo a credit worthiness check, so that only legible customers can conclude agreements and reach out to sellers, providing their credit rating and details.
Realtors
Those realtors who are willing to arrange negotiations between the parties and make an agreement satisfying all of them, and providing full purchase deal support for each side of the equation.
Lawyers
Any client in our system may refer to knowledgeable specialists knowing the regulations and limitations for certain real estate transactions and request their legal assistance for an additional fee.
Mortgage brokers
The pool of those brokers who are willing to finance the purchase transaction by providing their terms of credit proposals.
This is a significant group of interested investors ready to fund the buyer who is having financial shortage at the moment, but eligible to regularly pay the agreed amount with interest. Mortgage brokers are welcome to register with us and have their own stake by offering financial resources to clients in case they are not considering vendor financing of the property owner.
*Currently, only Canadian properties will be admitted to be listed.
Send your request
If you are interested in joining NuTerra network, drop us a line and we will guide you through the process!