5 July 2018 | 10 replies
When you get a house under contract (typically the hardest part, which would mean that you found a house that would meet an investor's criteria and the numbers made sense) you have to find a buyer for it.So you'll first have to send your signed contract to your attorney/title company so that they can do all of their work checking the title and whatnot.
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12 July 2018 | 9 replies
I have a written offer for $1000 about the price I was going to list at. anyways the buyer is getting a fha loan so the lender said we had to wait 90 days because of the FHA flipping rule.
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6 July 2018 | 3 replies
The comps the appraiser was using did not have the same attributes my buyer/ tenant was looking for though.
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13 July 2018 | 2 replies
We previously decided to try the sell by owner method and elected a buyer in November 2017.
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22 July 2018 | 5 replies
Be sure to ask for proof of the other offer to protect your buyer when using that type of clause though.
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6 July 2018 | 13 replies
A nice carpet (not the standard rental brown crap) would save you $ and might still attract the buyer you're looking for.
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17 April 2021 | 15 replies
Sounds like you used one of their buyer agents to find the place, and I’m wondering what’s in it for them with a program like this.
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14 July 2018 | 9 replies
If they specifically need to cash-out to buy another home than seller financing is often DOA.As mentioned, if the have a balance on their underlying mortage- If they want to pay it off it might require a big downpayment- It is possible to leave it in place with a Wrap but that is an advanced strategy and while fairly low risk, the due on sales clause is a concern.On interest rate, my experience is that a seller finance buyer usually has to pay a few points above the going interest rate for conventional/FHA lending so probably closer to 7% these days although it never hurts to ask for lower...All of this is theoretical so the advice to chat with seller to get more information is the right next step.Jeff
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13 July 2018 | 12 replies
That means listing by mid-July if possible.The market is such a hot seller's market right now that the timing won't matter as much as it would in a buyer's market, but it's still a good practice.The key to acquiring properties in this crazy market is to jump on them instantly.
14 July 2018 | 5 replies
That broker will prepare the OM and bring that building to their known buyers and/or email list.