Real Estate
Financing Misconceptions
...
Home seller
gets no cash.
Home seller
gets zip, nothing,
no cash, is one of the big
misconceptions that
you may have when
you purchase
property with no money
down. While this
is true with some of
the techniques,
there are many that
allow the seller to
leave the closing
table wearing a
rather large smile
and with cash in his/her
pocket. The best
part is that the
cash doesn’t come
out of your pocket.
Hope your smiling!
The seller
must be a down and
outer.
Flexible home
seller
financing exist for many
reasons; not all of
them are down on
their luck. As a
matter of fact, one
of the best no money
down purchases that
I have seen first
hand was from a good
friend who closed a
deal on a two family
home, which she
purchased from a man
who had accepted a
position on the west
coast. His job
required that he
move away from St.
Louis, and he was
interested in
selling all of his
property in as short
a time as possible.
She heard about this
seller and was able
to come to terms
with him to buy his
property after just
several hours.
This was not at
all an unusual
situation. As a
matter of fact, a
case could probably
be made, that more
flexible sellers
exist because of
emotional
dissatisfaction with
the property or
their life
situation, than
flexible sellers who
are down on their
luck.
The techniques
will not work with
inflexible sellers.
Because
home sellers
can walk way from a
closing table with
cash in their
pockets, you can
purchase a
seller’s property
creatively even
though the seller
was inflexible and
interested in a more
conventional sale.
The other
important thing to
remember is that
while a seller is
inflexible today (or
so the seller may
say), that situation
may well change
within a few days or
weeks. Seller’s
circumstances,
emotions, and needs
change rapidly. A
seller may be
inflexible today,
and yet very eager
to sell the property
creatively tomorrow.
Bad Credit
Mortgage Financing
Techniques
The following bad
credit mortgage
financing, no money
down techniques are
described in detail
so that you may
apply them
immediately to your
needs and goals in
acquiring real
estate. Eventually,
you will probably
use different
aspects from several
techniques. Each
technique will give
an in-depth example,
but please make
note, since interest
rates rise and fall
continuously, the
percentages used in
these examples were
selected for
illustration
purposes only. The
actual rate you
offer will vary
depending on the
current interest
rates and the
flexibility of the
seller.
At the end of
each technique I
will list the best
specific situation
to apply the current
technique in aspect
to the buyer, the
seller, and the
property.
Remember, the
techniques can be
combined, expanded,
or contracted in
their actual use.
The techniques, as
disused through this
website, are
designed to
stimulate creative
thought.
With that in mind
lets get the wheels
a turning, click the
link below to view
our first technique.
Real
Estate Financing Misconceptions
to New Mortgage
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