Wednesday, November 15, 2006
Nothing down? Why sellers want to walk away from closing with nothing? The truth is that they do not have a fund for down payment. Obviously, you need not want to put invest your money.
Nothing down - A Few Ways
Sellers often offers to their customer some terms and condition. They may offer the terms for down payment. But you have to make half the settlement to the seller in term cash. Sometimes they sell some their equity to pay off their existing loan. To pay the down payment we think couple of things in our mind. We also think how to adjust with the payment whether to get a primary loan or how to raise the money for the remainder.
Nowadays, banks provide loans on the basis of no document. It means that without any income statement or without the basis of down payment they provide loan. Since loan has been given on basis of the property value, you need a seller to take second mortgage on the remaining property to make the deal nothing down deal.
The other way to buy the house without spending your money is to borrow against your home or other property to make your down payment. Generally most towns have buyers named note buyers. These type investors buy mortgage loan, land contracts and notes for a discount.
Nothing down - A Few Ways
Sellers often offers to their customer some terms and condition. They may offer the terms for down payment. But you have to make half the settlement to the seller in term cash. Sometimes they sell some their equity to pay off their existing loan. To pay the down payment we think couple of things in our mind. We also think how to adjust with the payment whether to get a primary loan or how to raise the money for the remainder.
Nowadays, banks provide loans on the basis of no document. It means that without any income statement or without the basis of down payment they provide loan. Since loan has been given on basis of the property value, you need a seller to take second mortgage on the remaining property to make the deal nothing down deal.
The other way to buy the house without spending your money is to borrow against your home or other property to make your down payment. Generally most towns have buyers named note buyers. These type investors buy mortgage loan, land contracts and notes for a discount.
posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 3:21 AM
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Wednesday, November 08, 2006
While discussing with people who are trying to sell their houses, they asked me a query that, Why we want to sell our house to you?
Its a great query. In todays world vendors have lots of choices: they can sell their houses on their own or through a realtor or they can file their houses with a real estate broker. The above stated lines are not better than one another; they have their own merits and demerits.
My answer was this, subject to the query
Quick Promoter: sometimes vendors are in hurry to sell their houses. It happens when they facing foreclosure or separation. In Some cases the seller desires to sell the house to avoid credit payments when he moves for a job. Some might take over a house and they don't want to be disturbed of dealing with the repairs and marketing, so they sell the house.
People who are willing to sell their house by themselves or through a real estate broker they find a quicker process in most cases. If you are willing to sell your house at a considerably reduced price, you have to wait in the market for at least for one or two months.
Since I am an independent realtor with private funds I can complete the house purchase within a weak period. That why I said I am an eligible realtor.
Flexible Offers: we make our offers to suit the sellers need. The offer arrangement will be made according to the desire of the seller. If he/she wants to close the sale quickly or the seller wants cash flow all at once or at monthly flow, then we can make all flexible as per your desire. We make past payments and obtain current payments immediately to relieve money burdens on the seller.
My offer will be more flexible than the traditional offers sellers who usually collect. Its all happens since I'm independent and not part of a bank organization which has to pursue plenty of rules. To meet sellers' needs I'm also aware of possible creative solutions to enable them possible.
Good Challenger: I purchase houses which other hesitate to buy. Usually I buy houses which are damage due to fire, mold, basement problems, and roof problems or other major repairs. Most buyers and real estate broker’s finds difficult to buy these types of houses, because they are very hard to sell.I take pleasure in discussing with the sellers about this type of houses because I know the probable value of the house after all the repairs made.
Finally, as a realtor I promise you that I purchase houses as per the desire of the customers i.e. is you. I like to say one thing to you, that I sell all types of real estates as your need. If you feel to work with me, then join our group immediately without delay.
Its a great query. In todays world vendors have lots of choices: they can sell their houses on their own or through a realtor or they can file their houses with a real estate broker. The above stated lines are not better than one another; they have their own merits and demerits.
My answer was this, subject to the query
Quick Promoter: sometimes vendors are in hurry to sell their houses. It happens when they facing foreclosure or separation. In Some cases the seller desires to sell the house to avoid credit payments when he moves for a job. Some might take over a house and they don't want to be disturbed of dealing with the repairs and marketing, so they sell the house.
People who are willing to sell their house by themselves or through a real estate broker they find a quicker process in most cases. If you are willing to sell your house at a considerably reduced price, you have to wait in the market for at least for one or two months.
Since I am an independent realtor with private funds I can complete the house purchase within a weak period. That why I said I am an eligible realtor.
Flexible Offers: we make our offers to suit the sellers need. The offer arrangement will be made according to the desire of the seller. If he/she wants to close the sale quickly or the seller wants cash flow all at once or at monthly flow, then we can make all flexible as per your desire. We make past payments and obtain current payments immediately to relieve money burdens on the seller.
My offer will be more flexible than the traditional offers sellers who usually collect. Its all happens since I'm independent and not part of a bank organization which has to pursue plenty of rules. To meet sellers' needs I'm also aware of possible creative solutions to enable them possible.
Good Challenger: I purchase houses which other hesitate to buy. Usually I buy houses which are damage due to fire, mold, basement problems, and roof problems or other major repairs. Most buyers and real estate broker’s finds difficult to buy these types of houses, because they are very hard to sell.I take pleasure in discussing with the sellers about this type of houses because I know the probable value of the house after all the repairs made.
Finally, as a realtor I promise you that I purchase houses as per the desire of the customers i.e. is you. I like to say one thing to you, that I sell all types of real estates as your need. If you feel to work with me, then join our group immediately without delay.
posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 2:56 AM
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