Real Estate: We are NOT the Only Ones Saying You Should Buy

[Ken and Ari Walker]

I found this article today quite pertinent to the market we are in. At times Home Buyers “wait” to buy their new home. In most cases prices go up, take my advise, I’ve been in Real Estate for 26 years. Go ahead and find your new home now. 

If you have had trouble with financing, there are many loan programs you should look into one of which being Hard Money. Sometimes people don’t realize it but even if you have trouble getting a loan due to poor credit, self employed-difficult to prove income, need fast financing, property a fixer, etc, you can still get a loan. It’s called a Hard Money Loan. If you’ve found yourself wanting a home and are in one of those categories I’d suggest checking it out on line to find your closest Hard Money Lender that can help you. Good luck! 

Forest Tardibuono is Co-Owner and CA BRE Broker known as “The Guy in the White Hat” of Sun Pacific Mortgage & Real Estate - Your Northern CA Hard Money Lender since 1988. P.S. We love referrals!  www.sunpacmortgage.com. BRE license #01464899/NMLS #360993 

Real Estate: We are NOT the Only Ones Saying You Should Buy By: KCM Crew April 2014 http://www.keepingcurrentmatters.com/2014/04/16/real-estate-we-are-... We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is ready, willing and able to purchase a home, we believe that owning is much better than renting. And we believe that now is a great time to buy. We are not the only ones that think owning has massive benefits or that now is a sensational time to plunge into owning your own home. Here are a few others: Benefits of Owning Joint Center for Housing Studies, Harvard University Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord…Having to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings.” The Federal Reserve “Renters have much lower median and mean net worth than homeowners in any survey year.” Benefits of Buying Now Trulia “Buying costs less than renting in all 100 large U.S. metros… Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally.” Freddie Mac "One thing seems certain: we are not likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012…Yes, rates are higher than they were a year ago – and certainly higher than two years ago. But if you look at the averages over the last four decades, today's rates remain historically low." True real estate professionals have information like this at their fingertips. If you want to be seen as the go-to agent in your marketplace, watch a free replay of our recent webinar, Becoming the Industry Expert in Your Market.

[Robert J. Sivori]

Forest,

Maybe you don't have to go "too hard" for the money . (Sorry you HM Brokers) Maybe the seller really wants to sell and has paid his mortgage down. Let him "loan" the buyer the use of his equity with a "private note". He can charge a decent % (6-7-8%) with a 30 year note and a 3 year balloon payment. This creates payment history for the "bankers" and income (ROI) for the seller. Seller uses the income to buy a new(er) home or downsize home.

And, the seller will get the full price for his home+ interest income.What's not to like?

Seller has mortgage and Buyer has no down payment or small one? Rent to own with rent credit toward the purchase price...give a sweat equity credit for improving / repairing the property.

Rental income is income to qualify for a new(er) home or downsize home. Win- Win-Win...Be Creative. 

RJS  http://creativeequityenterprises.com/