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3 result(s) displayed (1 - 3):

July 10, 2009

Owner Will Carry

Owner will carry is a becoming a popular way to finance the purchase of real estate. With the current credit crunch, many sellers are now offering to finance all or a portion of the purchase price in order to attract buyers. Also referred to as seller carry back, this type of financing is beneficial to both buyers and sellers.

Sellers who offer owner will carry financing open the doors to more buyers. Since many people are unable to qualify for a traditional mortgage loan, seller carry back provides buyers with the opportunity to purchase property without obtaining funding through a bank.

Real Estate Investing article on "Owner Will Carry"

March 05, 2009

Buy My Home

"Man wears 'buy my home' sandwich board in desperate attempt to sell his house." This headline caught my eye as I skimmed through a local paper. The story went on to explain how the homeowner had been trying to sell his house to stop foreclosure. He claimed the sandwich board seemed to work for people trying to find work, so he thought he would try it as a last ditch effort to save his home and credit.

Perhaps there will be a new market for "buy my home" sandwich boards. That wouldn't be a bad thing considering how many people are losing their jobs. But, do homeowners really have to engage in this type of drastic advertising? The answer is no!

Real Estate Investing article on "Buy My Home"

February 21, 2009

We Buy Houses

Today, "We Buy Houses" signs dot the horizons of communities across the nation. The majority of these signs belong to private real estate investors or investment groups looking for cheap houses and distressed properties.

At Simon Volkov, we buy houses that are average or above average. Why? Because there are few resources available for homeowners with houses priced $300,000 above median or who carry mortgage notes higher than $500,000. There are a significant number of people who bought overpriced houses using subprime loans. Today, these people are facing foreclosure because their mortgage payment went up and their property value went down

Real Estate Investing article on "We Buy Houses"