50 states: When inventory is this low, you need to think outside of the box.
- 05/09/14 01:54 AM
Thought this was a great post, so I'm "re-blogging" it... In today's real estate market, especially in certain areas - like here in the Houston/Spring/The Woodlands (TX) areas, it's important to think of ways to not only satisfy the Buyer(s) but also keep the income flowing. What I would "Add" to this Blog is: in our market, there are still many homes without pools and many buyers will balk at a home without one - so, consider a Renovation Purchase mortgage. It's a first mortgage that pays off the seller plus puts aside money in escrow for the building of the pool (or … (3 comments)
50 states: Buy your new home & include cost of new pool/kitchen renovation
- 01/16/14 04:50 AM
So, last year I worked for a different bank and I lost a loan to a great client, but he wanted to have a pool built right after he bought the home (and include the cost in the 1st mortgage). As you can guess, I was not able to do the loan and he went somewhere else. GOOD News! I can now do those types of loans! In all 50 states! Find a home - and it's a little old, so your Client wants to remodel the kitchen or put in new carpeting or add a pool (or hardwood floors, etc.). … (0 comments)
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