Archive for July, 2008
Purchasing or Selling, is the Mortgage your sole Option?
Today, thanks to the ever-increasing use of the web to find houses for sale, and the increased collusion of owners in the purchasing and selling process, there’s bigger interaction between the purchaser and seller. Not only is this good for PR, it’s also a brilliant chance to explore other funding options, for the purchaser and for the vendor. It is standard on the part of the purchaser to think their only course when buying a home is to get a mortgage, but the normal lending process. This isn’t necessarily the case, and today more than ever, buyers and sellers are coming along with creative and accommodating methods to affect the purchase, or sale, of the home relying on your status as buyer or seller.
Quite usually people interested in buying a home lack the 20% down payment frequently needed from the bank. Provided the vendor has established equity of the home, there are more options for the buy and sale agreement. As a seller, the conditions must exist that let you offer the purchaser alternative options. Read the rest of this entry »