Why Are Sellers in Favor of All-Cash Offers?
Cash is king. Most people are of the opinion that sellers may give a break when it comes to the price of the home up for sale if the buyer pays in cash. Depending on the marketplace's temperature, paying in cash has immense benefits considering from the point of view of the seller.
When it comes to real estate business, time and money is the name of the game, and in order to succeed in this business, chances are you will need financing. With more and more real estate investors searching for alternative financing options, other than bank loans, in order to finance their deals, private money lending has emerged as a viable option today. Often referred to as hard money loan, a private money loan is a real estate loan made by private individuals or group of investors. Unlike banks and other traditional lenders, private money lenders are primarily interested in the value of the property being used as collateral and put much less emphasis on a borrower's credit report and debt-to-income ratio.
The American dream is an influence in so much of our lives. Even if it's a little old school and achieving it seems a bit harder, there are certain benchmarks to "success" that still thrive. One of those is home ownership.
In May of 1995, Patrick Combs was sitting there minding his own business when out pops this junk-mail check for $95,000, one of those tired promotional teasers from a tired promotional firm that promises the tired old world in cash and gifts.
Being a first-time buyer can be a stressful experience for anyone in their 20s, 30s and beyond. But fear not, you are not alone. This article will provide a list of steps to help make that first foray into home ownership a little easier.
How are the new home loans changing the real estate landscape for doctors?