There are a large number of homes on the market at present so it can be a hard time to sell your home unless you can make your home stand out; one way that some home owners are making their properties grab sellers attention is by having a pre-listing home inspection done. Normally when a home is for sale, the buyers arrange for an inspector to come through and inspect the home for any problems; the list of issues is presented to the owners and...more
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 until 360 payments (It will not be in your name until the 360th payment is made!!) have been made and guess what if you miss or are late on even one payment in most cases it reverts to renting with no chance of it being yours even if the remaining payments were made on time. You are a RENTER until the last payment is made!! Lease option- Similar to a rent to own but here you are basically signing an agreement to buy the property at some future date. In the meantime you are paying a hefty deposit which is usually not refundable should you decide not to buy. This is a way for the landlord to get down payment benefits of a purchase on what is actually closer to a rental. If you do not exercise your lease option to buy you could lose both your...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...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 single biggest difference between owner financing and typical bank financing.Because the owner is financing the home for you they can be much more flexible on terms including the interest rate and down payment amount etc. These are all negotiable from the purchase price to length of the loan as well as interest rate and many other components of the loan. As with conventional loans with a bank many people seem to believe that these terms are set in stone when they are not even with banks you can always negotiate terms and any component of the loan you desire however most people do not and just accept what they are offered which is a mistake since you have the potential to lose many thousands of dollars over the course of the loan when you could just as easily save that same amount.There are several real estate companies as well as...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...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