Payments are lower the rent for most first-time buyers. I'm reblogging this because if you have credit issues you can work on them and be able to buy a home on sale in the next 6-12 months. So get to work on your credit! Prices in Minnesota are higher then Arkansas, but there are a lot of good deals that keep your payments lower then rent! Search for homes at www.thediscoveryteam.com.
If you say, "I can't buy a house". I say you don't want one very badly.
There is a HUGE HOUSING SALE GOING ON NOW? Across the nation we are able to buy housing at deeply discounted prices. You may be thinking or saying, 'my credit score is too low and I don't have any money saved'. This SALE has already been going on over two years in most market area. If you had decided to take advantage of it then you might have already improved your credit and saved a few bucks for a down payment. Every buyer wants to know the same thing. When will the sale end ? No one knows. I say go to a reputable lender, tell him your goals and your circumstance and ask the magic question. What do I have to do to be able to take advantage of the HUGE HOUSING SALE?
I recently made a deal on a modest home in Bentonville, Arkansas just a short walk to the town square. Built in 1978 it features 1100 ft, 2 bedroom, one bath home on a large level lot in move in condition. The asking price was $37,500. I offered $36,000. Deal! With 20% down my payments including taxes and insurance will be $275.00 per month. If you only make $8 an hour this home would cost you less than 25% of your gross income. I'm telling you IT'S A HOUSING SALE! The tax card states the market value of this property is $68,000. I'm still waiting on the appraisal. Let's say it appraises at $45,000. If so I've made an extra $10,000 in equity on day one of ownership! THIS IS HOUSING ON SALE and a great potential wealth builder.
Investor, first time buyer and anyone else that wants to move up or over, call me. Let's take advantage of the BIG SALE ON HOUSING!
Credit counseling of Arkansas www.CCOA.com
Dept. of Housing and Urban Development www.hud/gov