How To Buy Property With No Money Down
By: Daniel CobbLearn how to buy real estate with no money down.
Buying property without putting any money down is really not as difficult or as complicated as it may seem once a person understands how and why the process works. Along with everything else in a real estate contract, the amount of the down payment (amount may not be negotiable if paying with certain types of loans) and who pays it is negotiable. The primary key to buying real estate with no money down is getting the seller to pay or give credit at closing for the buyer's down payment.
In order to find a seller that is willing to pay a buyer's down payment certain types of property or property sellers must be targeted. First, the buyer must look for property that has been on the market for a long period of time or property that is being advertised as a must sell. Secondly, the buyer must find property where the seller advertises him/herself as a motivated seller or the asking price of the property has consistently went down (or back and forth) several times.
One might justifiably ask: why would a seller want to pay a buyer's down payment? Let's examine Table A to find the answer.
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posted by timbrux @ 7:36 AM
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