When offering your house for an all-cash purchase, you limit your market. If you’re flexible on the financing terms of the property, you increase your pool of buyers and thus the demand for your house.
When considering a property loan from an institutional lender, you need to consider many of the variables involved in the loan terms being offered.
The real estate contract is the most often used, yet least understood tool in the real estate business. Real estate contracts are based on common law contract principles, so it is important that you understand the nuts and bolts of contract law.
Once you have your property under contract, you can proceed towards closing. Basically, there are three things that happen between contract and closing, which can be remembered by the acronym, “ATM”. This should be easy to remember because it is like going to the ATM machine when you close to get your money.
I am sure you’ve heard the expression, “Attitude is everything.” This is very true. Right now, it’s simply your attitude and mentality that will give you the edge over others who are trying to invest in this highly violatile market.
