By Travis Broadwater
Even though the federal tax credits have expired, it is still wiser to buy now than rent. Our clients get a tax write off and build appreciation instead of throwing money away each month. Home prices are so affordable today it is a good time to take advantage of the buyer’s market conditions with low interest rates and an abundance of properties to select from. Buyers can find great deals on distressed short sales, foreclosure auction properties and REOs (real estate owned), including single-family homes, multi-family dwellings, townhouse, condos and commercial apartment buildings in all areas and price ranges.
If a large down payment is preventing your clients from buying, they can purchase an owner-occupied property (single-family home -4 units) with an FHA loan that only requires a minimum of a 3.5 percent down payment. However, if they are going for traditional financing or buying non-owner occupied investment property, then they will need at least a 20 percent to 30 percent down payment and good credit. If they have less than perfect credit, they may want to investigate seller financing or a rent-to-own program.
So the first decision your clients need to make is what type of property they want to buy and how they intend on using it. Intended uses include: Continue reading »
By Travis Broadwater
I must apologize for my lack of commitment lately. Between prospecting for new clients and trying to keep my closings on track I just haven’t had time to fill you in on my day-to-day activities. I promise I can change, can you forgive me?
Now that I have taken care of the apologies, lets get to the point! I often find myself “blogging” great topics in my head, unfortunately I must admit, not even half make it to my laptop and ultimately to the internet where they belong. My problem lies in finding the time to actually sit down and just get to work.
Well this year I have finally decided to make blogging a priority as so many of you already have. In my “planning” I have made a list of three ideal times and places where I might be able to sneak a few paragraphs without effecting my day dramatically and I would like to share them with you. Continue reading »