simple answer pls. anybody ever red a book called nothing down?
2006-09-21 02:09:50 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Nothing in real estate negotiations as to costs, prices, values and or who pays for what is written in stone it really is up to the parties ability to negotiate in their best interest. Here are areas that you might want to consider when negotiating the down payment:
BORROW THE MONEY for the downpayment
ASSUME THE EXISTING MORTGAGE eliminate the costs of a new mortgage use the savings for down
LEASE WITH OPTION TO BUY build the downpayment through monthly payments
SELLER FINANCING ask the seller to finance the downpayment
SWAP PERSONAL PROPERTY instead of cash
PICK UP THE SELLERS DEBTS where you can pay them monthly
OFFER A HIGHER PRICE OR BETTER TERMS
EXCHANGE PROPERTY do a 1031 exchange
and many more negotiating skills.
Buena Suerte
2006-09-21 02:31:28 · answer #1 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋
You can get a 100% financed loan. People do it all the time, your payments will be higher per month though. Also you can negotiate with the seller to get cash back at closing and you can use that as a down payment. That's a tough one to get though.
2006-09-21 02:56:13 · answer #2 · answered by jdecorse25 5 · 0⤊ 0⤋
No haven't read it but know about it.
How is your finance? Check up on your credit. Ask them to higher your credit and lower your interest. apply for a new 0% crad for the deposit and go for BTL Buy to Let. Make sure all costs are covered by the rent. Just transfere the credit cards over until you can cover them.
Simple if you keep your head on.
2006-09-25 02:00:02 · answer #3 · answered by sarell 6 · 0⤊ 0⤋
Get 100% financing. There are probably many mortgage companies that offer it.
2006-09-21 04:10:46 · answer #4 · answered by KathyS 7 · 0⤊ 0⤋
get 100% financing loan and ask the seller to pay your closing costs.
2006-09-22 06:40:37 · answer #5 · answered by bianca 4 · 0⤊ 0⤋