Elkhart Indiana Multiple Listing has 148 pre-foreclure homes for sale right now, in prices from $19,500 all the way up to $369,900. There are homes available in all townships and school districts. What are you waiting for to buy? The market has come down, the homes are priced to sell and no one can predict when the market will start on the way back up. So what are you waiting for? Are you willing to loose out on a really good deal?
Are you worknig with Real Estate Agent? If not, why not? A REALTOR(r) has the best access to the most properties available. Make sure your REALTOR(r) has experience, is familiar with the area you want to live in, and is knowledgeable in creative financing options. This is a term used to describe creative ways to solve affordability challenges. If you are not connected with a REALTOR(r), please call Evelyn Johnston with Prudential One Realty at 574-304-7148 for expert care in Elkhart.
Here are a couple of ideas for Creative Financing Options:
Creative Things Sellers Can Do to Sell Their House:
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Seller Contributions
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Seller-Funded Permanent Buy-down
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Seller-Funded Temporary Buydown
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Owner Financing
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Contract For Deed
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Seller Second
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Lease Option and Lease Purchase
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Seller-Assisted Down Payment
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Wraparound and Assumable Mortgage
Creative Things Buyers Can Do to Purchase A Home:
- Gift Funding
- Selling and Refinancing Existing Assets
- Non-Occupant Co-Borrowers
- Using a 401(k)
- Temporary IRA Transfer
- Pledged Asset Mortgage
- Equity Transfer and Bridge Loan
- Employer-Assisted Mortgage
Creative Things Lenders Can Do to Finance a Transaction:
- Lender-Funded Buy-down
- Fannie Mae's "My Community Mortgage"
- Running Scenarios with Automated Underwriting Systems
- Adjusting Amortization Period to Lower Payment
- Adjusting Interest Rates to Cover Closing Costs
- State, Province, and Local Grant or Bond Programs
- Mortgage Credit Certificate
- Private Lending
Do I want to buy a Pre-forclosure? Aren't REO (Bank Owned Properties) Less Expensive, therefore making them a better buy?
It depends on the condition of the property. With Pre-foreclosure properties in a lot of cases the owners are still living in them, maintaining them and making sure they are in good shape for showings. With an REOproperty there is no telling what you will get. Sometimes the listing agent doesn't even make sure they are cleaned out properly. Each house has already been through the complete foreclosure process and sometimes destroyed in anger. Not always, but sometimes.
This is your personal invitation to call me about any of the properties listed for sale in Elkhart Indiana, whereas a Pre-foreclosure, REO or regular property, don't wait, the market could rebound at any time and you would spend more than you need to spend right now, today. Call me at 574-304-7148.
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