Grand Canyon Properties specializes in building the deal around your personal needs.  We take the time to analyze every situation to get the seller what they need.  Since every seller's circumstances and needs are different  we feel this is only reasonable.

In order to tailor each deal we use several tools:

Short Sales: Frequently people are unable to continue making a house payment for one reason or another. When this happens they often feel trapped into having to file bankruptcy to protect themselves. They often no only lose the house but also damage their credit for many years. Often Grand Canyon Properties can, with the assistance of the owner ,contact the lender and work out an offer called a short sale. In this situation the lender agrees to release the creditor from their obligation and sell the property to a third party like Grand Canyon Properties so that the lender can clear the property off its records and avoid incurring the cost of prosecuting a foreclosure. If this method may help you we will be happy to discuss it and treat it in utmost confidence.

Option to Purchase: Sometimes it is in the interest of the seller to continue living in a home they want to sell but can't because some future living situation is yet to be viable, someone buiding a new home that isn't finished for example. When this happens we will sign an agreement to purchase the house with a document called an option. Generally, Grand Canyon Properties will purchase and option for a small fee that will secure a future contract. The seller then is able to lease the house back from Grand Canyon until their future event is resolved. At that time the contract is executed and closed and the seller is on their way with no waiting.

Exchanges:  Occasionally we run across situations where we can exchange one house for another and negotiate any differences in equity. Occasionally this will result in a significant savings in capital gains taxes and closing costs.  This method is a called a 1031 exchange.

If we know you need to have a home we have in our inventory and we can exchange it for a home you have equity in  then we can work out something that meets the need.   We have produced a special report that explains this in more detail called Using the 1031 Exchange.