The end of the McMansion era has left us with many empty remnants of the style that is now seen in many quarters as a stark illustration of the frivolity of the housing bubble. Unfortunately, for those left holding the deeds of these over sized architectural Frankensteins in the resulting housing crash, home buyers tastes have shifted away mega-sized abodes to buying reasonably sized, quality homes.The years of lenders setting up home buyers with...more
You can buy a home with no credit check and actually own it! On an owner finance type purchase you get the deed at closing similar to if a bank had loaned you the money. Below are some details of the various programs available to people with less than perfect credit.Rent to own -is just like it implies you do not own the property until you have made the very last payment so if you did a rent to own for 30 years it means it would not be yours...more
A no credit check home purchase simply entails purchasing a home without the seller or owner requiring a credit check in order for you to qualify to purchase the home. You may have to show you have an income that can satisfy the monthly payment whether it be a job or spousal support or some other means but certainly much more flexible than what a bank would be. Additionally you may be required to pay a small down payment. (This varies with the seller and can be from as little as 2% to as much as 20%) The reason you can buy a home with no credit check is simply because the mindset is if you make a down payment and pay closing costs etc the chances are you will pay for your home. Furthermore sellers know this is usually a 2nd or 3rd chance for their no credit check home buyers and that the chances are the buyer will be much more cautious and make the payments in a timely fashion .Many times sellers of no credit check houses and homes will also offer credit repair services to help the buyers qualify for a loan in the future to refinance the home purchased at a later date. This is beneficial to both buyer and seller since the buyer can lower their interest rate by refinancing and the...more
There are tens of thousands of owner financed homes available throughout the USA with no credit check and no qualifying. You can buy or your dream home based on what you can afford and not what your credit score or lack thereof dictates. In todays real estate marketplace many investors and real estate companies are well aware that there is an...more
Owner financed houses or homes in its most simple terms means that the owner of the property will be the one financing the property for you instead of (in most cases) requiring you to go to a mortgage company to get a loan to purchase the home. Once a deal has been consummated you will make your payments to the owner instead of a bank. That is the...more
Benefits for the seller Most of us want to pay as little tax as legally possible and getting a large sum of cash at closing requires us to pay a hefty tax bill either then or ultimately come tax time. Sellers can pay a much smaller amount of taxes by selling via owner finance or seller financing than if the seller went the usual all cash sale route. Highest Price. A seller can most often receive the highest price when offering owner financing. Buyers are almost always willing to pay more for easy qualify owner or seller type financing. Seller Financing. Because owner financing or seller finance terms are offered the chance of a sale increases dramatically since more people will be able to get the financing and can legitimately pursue the home purchase. Fast Closing. You can close quickly as no bank financing is involved. Some financing can take months to get completed but an owner finance sale can usually close as soon as the title work is ready and inspections (if any) have been completed.A seller can save the Broker fee or commission from selling via owner finance as well.There are significant benefits for the seller but there are benefits for the buyer as well. Please see...more
Author: Matt MccabeWhen you are getting ready to move, your closets are likely to be among the last thing packed. Upon looking at your closet, you may think that you will require only a small box to carry all of your clothing. Many people end up...more
If you have been looking at a bank foreclosure listing service, you may be eager to buy your own property. If you want to go from browsing a bank foreclosure listing to being the proud owner of a home, however, you need to start by getting ready to...more
My husband and I are close with a couple who has just made their first home purchase. When they decided on purchasing this home they sat down and discussed the area that they would feel comfortable living in, as well as shopping and raising a family....more
You have probably heard the term wholesaling a hundred times but did you know that it is one of the quickest and easiest ways to make money in the real estate business? Yup, you heard it right. This particular type of real estate investing allows...more
Looking for a good way to make money in the real estate business? If you are, you might want to try wholesaling houses. Being a wholesaler is relatively easy. You dont need to spend huge money up front or obtain a bank loan just to get started. In...more
Once you are looking for your 1st home, then get ready for a drive of wonder. Almost all individuals have a tendency to undervalue numerous considerations about purchasing their 1st property such as the monetary value, the acreage, and the deposits...more