Are You Really Looking For A New Home?

Saturday, July 28th, 2007 at 5:14 pm

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!