This newly released book will help anyone who is having a tough time buying a home with bad credit. If you are in this group, this can be another arrow in your quiver as you hunt that elusive prey - a home of your own.
How To Buy Your Home With Bad Credit In 30 Days Or Less is written by folks who have the experience to back it up. And they share their experience with you at a bargain price.
John Thomas, and his wife Deborah have been doing the program he covers here for the past ten years. They buy 15 - 20 homes a year in this manner as a service to others. The volume of their business is one thing that attracted me to check this out.
They are not mega dealers in real estate with hundreds of homes scattered across the country. That type of guru for the most part is no longer investing but is tied up traveling from one town to another pitching his/her latest/greatest seminar or "Get Rich In Real Estate" course.
The Thomases are active investors sharing some of their professional tips and techniques that will permit you to copy what they do. This fits perfectly what I try to do here. Share tips that will help you "Buy Your Home Like A Pro!" For the most part they deal in Lease to Own transactions where you need no credit at all.
Doing this as a business, that is if you intend to buy and resell a property, you wont even need any money. Or at least not more that $10 - $100 max. The person you resell to will be providing the funds. If you intend to live in the home yourself, you will need to figure on coming up with 2 - 3 percent of the price as an option payment.
I would really like to see this covered in a little more depth, but How To Buy Your Home With Bad Credit does do the job it's meant to do and at an unheard of price in these days. I can't believe that it's only $9.95 and they even include email coaching if you need it!
Claim your copy now and then get out and get that new home this summer! How To Buy Your Home With Bad Credit In 30 Days Or Less.
Filed under Uncategorized by on Jul 7th, 2007. Comment. 
The following article appeared in http://articlefeeder.com and was submitted by real estate agent Eric Bramlett. He offers some sound advice to follow when you get to the point of dealing with agents.
Everywhere you look, there are advertisements for Real Estate, and for Real Estate Agents. We’re everywhere! The reason is pretty simple: It’s not extremely difficult to get your real estate license, a college degree is not required, and the income potential is pretty high. Unfortunately, this means that there are a lot of BAD Real Estate Agents out there. The BEST way to find a good professional – in any industry – is to ask for a referral from a trusted friend or colleague. This does not, however, mean that any person referred to you is a quality professional – everyone has a brother, sister, aunt, uncle, or cousin who is in the business, after all – but it will increase your odds. There are a few questions that you should ask ANY Real Agent before signing a buyer’s agency or listing agreement.
1) How long have you been in the business?
Pretty much any average person could decide they want to get their license today, and have that license in their mailbox a month later. Because of this, your Real Estate Agent’s experience is VERY important. A new Agent will learn a LOT their first year, and will continue to learn more with every transaction. Don’t automatically choose against a newer Agent – they typically bring a lot of energy to the transaction, and they will have LOTS of time for you. However, if you do decide to use a newer Agent, make sure they have a great support system behind them.
2) Are you a Realtor?
Not all Real Estate Agents are Realtors. Members of the National Association of Realtors have to adhere to a strict code of ethics, or otherwise face having their membership revoked. Also, you must be a member of the National Association of Realtors to have access to the MLS (Multiple Listing Service) which is what gives Realtors access to almost every home for sale in their market area.
3) What certifications do you hold?
There is an “alphabet soup” of advanced certifications that Real Estate Agents can earn. While it doesn’t automatically mean that they are a good Agent, it does mean they are serious about their job. Keep an eye out for GRI – this is the most time consuming certification to obtain.
4) What is your specialty?
Real Estate Agents typically categorize themselves as either “commercial” or “residential” which are vastly different. Even among Residential Real Estate Agents, though, agents will specialize in Buyers, Sellers, or Renters. Some Residential Agents successfully handle Buyers & Sellers, but make sure they come with plenty of satisfied customers. Agents typically cut their teeth working with renters. Austin Texas Real Estate
5) Can I have a list of past customers?
Take the time to call a few of an Agent’s past customers. Ask for their strengths and weaknesses (and make sure they don’t share the Agent’s last name.) Austin Condos
6) Who is your Broker? Can I call him/her?
Real Estate Agencies are moving towards the “mega-brokerage” mentality which means that many Agents today have never met their Broker. If an agent doesn’t have their Broker’s cell phone number, find out who they will call if they run into questions. Lake Austin Real Estate
7) How many sales did you complete last year?
A good agent will complete at least 25 sales per calendar year. You want to make sure that the agent helping you through the largest purchase or sale of your life is a GOOD agent. Austin Texas Real Estate
Is this your full-time job?
It always surprises me how many people are willing to let their office mate down the hall handle the purchase or sale of their home. You need someone who handles real estate transactions full-time, day in and day out, to make sure that your best interests are taken care of. Downtown Austin Condos
There are plenty of fantastic Real Estate Agents working today. Unfortunately, the incompetent Agents really stand out. (Did you hear about the Agent who contracted the wrong house?) Make sure that you find your Agent through a trusted source, and ask any Agent these important questions.
Filed under Uncategorized by on Jul 25th, 2007. Comment.
Using owner financing to buy your home is the prime way you can buy your home with no qualifying and no credit. The biggest stumbling block to this has always been finding a seller willing to entertain any creative financing.
Times are changing. I just ran across an article by Igor Buces that encourages sellers to do just that. Following are excerpts from his article so you can see the problem a little bit from the side of the home seller. If you understand where a seller is coming from and what his/her problems are, you can do a deal!
Given the present economical conditions and the large amount of homes for sale, you need to become a creative seller to have your home sold quickly and for top dollars. To do so, you must be able to offer people different alternatives and reasons to buy your home.
One of the best ways to attract buyers is by offering buyers owner financing. National statistics show that sellers offering owner financing attract three times the number of potential buyers. With three times the buyers, it's more likely that you'll sell your home faster.
The reason this method works so well is because many people are scare (sic) to fill a mortgage application or have been turned down in the past for a loan and don't want to repeat the same experience.
However, there are some disadvantages when using owner financing. The main problem has been that it forces the seller of the home to hold a note for a long period of time. Since most people need the money to get into a new home, the owner financing option has not been a realistic solution for people needing to sell their home quickly.
However, to go around this problem you can simply contact a note buyer in your area and set it up so that the note buyer will buy the note you just created at the point of closing. Usually, you'll end up getting about 91% of the value of the home. Although this may seem as a big discount, you need to realize that by offering owner financing, you'll sell your home sooner and for a higher prices since there will be more people interested.
There you have it. An authority pointing out the current reality to home sellers and presenting a solution to the problem. Keep this is mind and maybe even offer up the solution yourself to a reluctant owner of a "For Sale By Owner" home.
Don't feel that your alone or are blazing a new trail her. Tens of thousands have gone before and bought their home with no credit and without having to qualify for a mortgage.
If you would like to read to complete article by Igor Buces, go to Miami Mortgage.
Filed under Uncategorized by on Jul 26th, 2007. Comment.
If you have not been able to find a home to buy with no credit and no qualifying yet, I wonder it you are looking hard enough. Or maybe you are but just are not sure what to look for. They are out there. Boy, are they out there!
I live in the suburbs, more or less, of Portland, Oregon. If you follow the home and mortgage market news you are aware that this area is one of the least impacted by the cool down in home sales. Almost every area of the country is suffering through the doldrums now wondering what happened to the hot real estate market. Although we are not too severely effected out here, I was able to take these pictures of home for sale signs all within a one block area on my way to the library today:
These homes have all been on the market for over 60 days and two of them over 90 days. Notice that one of the home sellers who initially was going to go it alone and sell the house himself is now offering 2% commission to agents.
These are all prime prospects to approach with a creative financing proposal. One even says on his ad that he is offering contract terms.
I know that if these signs are around my town, you can find them in yours. So hop in the car or on a bike and start your hunt!
Filed under Uncategorized by on Jul 28th, 2007. Comment.