When narrowing down your home search, consider the following:
Determine What Type of Home You Want to Buy There are several forms of home ownership: single-family homes, multiple-family homes, condominiums and co-ops.
A real estate agent can help you understand everything you need to know about the home buying process.
Not all real estate licensees are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR » ®» Trademark on their business cards and other marketing and sales literature.
REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reported that 84% of home buyers would use the same REALTOR® again.
Real estate transactions involve one of the biggest financial investments of most people’s lifetime. Transactions today usually exceed $250,000. If you had a $250,000 income tax problem, would you attempt to deal with it without the help of a certified professional accountant? If you had a $250,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be wise to work with a professional REALTOR® when you are buying a home.
Narrow your home search by identifying neighborhoods that are right for you. This helps keep your search focused and efficient. Your local REALTOR® can offer neighborhood information to guide you in your search.
When evaluating a neighborhood you should investigate local conditions. Depending on your own particular needs and tastes, some of the following factors may be more important considerations than others:
Neighborhood Search Strategies for Limited Budgets If you’re a first time-buyer with limited financial resources, it’s wise to buy a home that meets your primary needs in the best neighborhood that fits within your price range. You can maximize your home purchase location by incorporating some of the following strategies into your neighborhood search:
If you would like to buy a home, you have cash saved up to put down as a down payment but you can NOT qualify for a conventional mortgage loan, then you might want to consider purchasing a home under owner finance.
If you have been not been able to qualify for traditional bank financing, You’re not alone, good news is we can help solve your problem. The sellers of the homes that we list offer Owner Financing, Lease Option and Rent-to-Own terms making qualifying very easy for you.
What is Owner Financing?
Owner Financing happens when the owner of the property is giving a mortgage to the buyer. Owner, who is also the seller, carries the mortgage instead of a bank
We feature homes for sale that offer:
Example:
For example John is selling one of his houses and decides to offer seller financing (owner financing). Mary is looking for a home, but her credit is not so good. So, the only way for her to buy a house is with owner financing. As usual with seller financing John does not have strict qualification requirements. So, as long as Mary is employed and has a cash downpayment John will disregard Mary’s previous credit history. The deed of the house will be transferred to Mary and John will have a lien on the house, tehrefore Mary is the rightful owner of the house, in case Mary stops making payments in the future then John can potentially foreclose on the house and keep the downpayment and get the house back. If on the other hand Mary keeps up with all the payments John will give her the satisfaction of mortgage when she pays it off.
In most cases it does NOT matter if you have bad credit, bankruptcy, late payments, judgments, liens, tax problems or charge offs, you can still buy a home using seller finance. It doesn’t even matter if you have verifiable income. We believe that *everyone* has a right to own their own home.
These are nice homes in nice areas with great neighborhoods and excellent schools. Most of these homes available for owner finance are less than 10 years old and in near perfect condition. Only a few of them might need some work.
Many of these homes have beautiful new kitchens and master bathrooms, big master bedroom suites, and big fenced in yards for the kids and your pets. Most of them have big 2 car garages and plenty of storage.
We make it very easy to own your own home… to have a place that you can claim as your own and be a proud homeowner. Nearly every one of our past buyers had been turned down again and again and again by banks and mortgage brokers… even banks that advertised «bad credit okay.» They never thought they’d EVER be able to actually buy a home for themselves and their family until they got into our program.
There is absolutely no charge for this service, we make our money on the sale of the property. There is also no obligation. If you like what you see, great, let us know and we’ll get you started and get you the list of properties we have available… if, on the other hand, you decide it’s not for you, that’s not a problem.
To get started just fill out the form on the top right and one of our owner finance specialists will contact you
Buying a distressed home can be very exciting or it can be quite a challenge for some people. We at Angel Realtors think that the whole process is quite an exciting project.
Without specialized knowledge about how to handle the purchase of a distressed home such as a foreclosure, short sale or REO, you could find yourself in dangerous territory. We are experts in locating and advising you through out the complete process of buying a distressed home. The reason for buying a distress home can range from you being a contractor with some experience, or you might want to go through a construction or redevelopment process to create your customized dream home.
Whatever reason it is the bottom line is you will eventually save money and buy into the equity of the home creating a viable investment for the future when you decide to sell the house.
The process of buying a distress home is very unique, and should not be assigned to a real estate agent that does not have any experience in this specific area. A Realtor having experience in both construction and acquiring homes at a discount is a MUST! We at Angel Realtors like to explain the process in these three simple steps:
Depending on what type of rehab the home needs, it will dictate the type of financing that will be available or appropriate for the renovation.
The process of finding a discounted property is not very simple, there are specific traits that your Angel Realtors will look for in order to find the ideal property for your needs.!.
This is the most important step of them all, on doing your due diligence you need to analyze all of the repairs and make sure that the repairs are within your budget..
If you are not paying all cash for the home then a professional mortgage broker will be able to help you in deciding your best finance option. There are three major types rehabs that a distressed property might need. They range from just cosmetic repairs to a complete rehab. Depending on what type of rehab the home needs, it will dictate the type of financing that will be available or appropriate for the renovation.
While many short sales are foreclosures, not all foreclosures are short sales and not every short sale is in foreclosure. To further complicate matters, REOs are not short sales either, but some intended short sales can end up as an REO..
This is the last and most important of all steps. This is where you will do all of your due diligence, it will be a detailed analysis of all repairs and work that you will want or need to put it towards the house once you purchase. Your Angel Realtor will be able to help you or your trusted general contractor will be able to do a break down all repairs needed. We always look at the 10 major items, that could make or break the deal:
Are you looking for a Foreclosure home in Dallas Fort Worth? There are thousands of available Dallas Foreclosures!
Fill out the form below and we will send you a FREE list of Foreclosures in your area in Texas. As a bonus, we will send you new Foreclosure properties as they come on the market. The best part is, our services are completely FREE! When you’re ready to see a Foreclosure property in person, let us know and we’ll be happy to give you a tour. Call us or contact us at anytime.
Some of the hottest areas for foreclosure homes in today’s market include North Texas, Plano foreclosures and Frisco foreclosures. Due to amazing strong growth in the Plano real estate market and the Frisco real estate market, we have also seen an increase in foreclosures in Plano and foreclosures in Frisco. Now is the time to grab up an incredible deal. Our Dallas real estate, market is improving daily and the opportunity to have a selection of Dallas foreclosures like we do now will not last long. Sure, there will always be foreclosures in Dallas and you will always find great home prices on foreclosure in Texas but don’t miss out on this great opportunity.
