by M Caballero
As we still are recovering from the a down market which in part was the responsibility of Wall Street for creating it, the Banks for participating in it and the US Government who was warned about the new problem all the way back in 1999, for ignoring it rather than looking into it, we keep moving forward.
The good news, mortgage interest rates are still at historically low rates even though the interests really should be lower today. More and more buyers are feeling the money crunch who wouldn't look into ways to save money. A down payment on a home could be very expensive. There are alternatives the reduce or eliminate coming out of pocket or borrowing the money for a down-payment on a home. Both new home buyers and seller are not immune to today's economy but both have options to save money with a little sweat equity. Buyers and Sellers can save money either buying a home or selling a home with some real estate options.
Paint For Down Payment Programs
One program that has been around for many years is a 'sweat equity' down payment program. For any of the labor performed and/or material furnished by the borrower may be considered as the equivalent of a cash investment. The cash investment value translates to the down-payment for the new homeowner. I guess you can call it a not money down program.
Just like a new home buyer who is willing to do some sweat equity to save money, every home owner who wants to do some sweat equity of their own will have greater real estate selling options to do so.
The misnomer about real estate commissions is that there are no traditional rates or standard rates. Real estate commissions are unregulated and its just comes down to what is fair and what the seller(s) are willing to pay.
The real estate investors secret besides buying low and selling high, is the flat fee mls listing service! Understanding that commissions can be negotiable, and if any seller selling their home willing to do some sweat equity of their own can reach as many qualified buyers as a traditional broker and their agents can by using a flat fee mls listing service. From the seasoned real estate investor or a sellers first time selling, there options to used with flat fee mls listing service that allows to upgrade, at any time, to full service real estate. Using À la carte Real Estate Selling Options to support every seller's comfort level, but more importantly have the ability for a sale by owner to still save thousand of dollars at the close of escrow.
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