How to obtain a mortgae loan for a fixer upper

By
Real Estate Agent with Keller Williams Realty Red Stick Partners #SALE 9956330

How to Get a Mortgage Loan for a Fixer Upper


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Here's a clever real estate dictum for you: Don't buy the best house in a bad neighborhood; buy the worst house in a good neighborhood.
There are several reasons for this rule, but the main one has to do with property values, which are determined in large part by the surrounding homes. If you buy the best home in a bad neighborhood, your home sets the highest price consideration in the area.
If you purchase a lower-priced home in a good neighborhood, you'll pay less for it, and with improvements, you can greatly increase its value. The higher-priced homes surrounding it will also buoy its value.
This doesn't necessarily mean you need to purchase a fixer. Sometimes a small home in a good neighborhood offers a good value if there is room to add to it. A fixer, however, presents you with the best opportunity to quickly build equity. Click here to read entire article

Click here to get more information from a lender who specilizes in rehab loans

Post courtesy of the Louisiana Homes and Land Group at Keller Williams Red Stick Partners 

Keller Williams Realty Red Stick Partners
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Posted by

Cindy Allen  
Louisiana Homes And Land Team
Keller Williams Realty Red Stick Partners
Direct (225) 571-8667
eFax 888-242-8165

 

Keller Williams Realty Red Stick Partners
Cindy Allen, Licensed in the State of Louisiana, USA #SALE 9956330

Keller Williams Realty Red Stick Partners
8686 Bluebonnet Blvd. Baton Rouge, LA 70810
225-768-1800 Regulatory Jurisdiction:  Louisiana

Broker and Associates licensed with the Louisiana Real Estate Commission

 

 
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Cindy Allen

Proudly serving South Louisiana 225-571-8667
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