Preparing To Make A Zero Down Offer

I'm going to focus on the Seller of a hypothetical property you have found and the offer that you are going to make. You want to write it so it has a reasonable chance of being accepted.

Never offer more than you can afford to pay.

Don't get caught up in the idea that you are going to make it work no matter what. Let's face it, some deals just won't work and you have to let them go.

Ultimately, the person who gets the best deal is the person who is the least motivated. You have lots of potential homes to purchase... the Seller only has one home to sell.

Work up the numbers.

First, you need to know what the current market value of the property is.

Do this by going to your title company (you can pick any one you want, just look them up in the yellow pages). Title companies have access to comparable sales of homes in the neighborhood.

Look for homes that are very similar to the one you are preparing to purchase.

Value the home you are going to buy based on how it compares to the homes that have sold before it. Only use comps that are twelve months old or less.

There are two types of real estate we want to deal with here.

The first type, is property that you can purchase for cash, for at least 15% under market value. You need to sell these contracts to an investor to complete the deal.

Every investor out there is looking for these properties and will gladly pay a fee to get them.

The second type of deal is purchased for full market value by taking title to the property "subject to the existing loans."

I explain in detail how to make an offer on this type of property in my book. It is one of the easiest ways to purchase property with nothing down and no credit check.

**********************************************

If you haven't checked out Joe Crump's "$0 Down Real Estate Investing With Bad Credit And No Job!" yet, go to his web site for full details.

http://www.realrealestateexperts.com

**********************************************

---

Talk to a Lender Before You Sell Your Home

If you're looking to sell your home quickly, and for... Read More

Best Places to Retire

Places to Retire: Popular Doesn't Always Mean "Best"Las Vegas, Nevada;... Read More

Homes For Sell By Owner ? FSBOs and Buyer Brokers

You're selling your home as a FSBO (for sale by... Read More

Buying Land For Development Requires Careful Planning and Execution

From the desk of Colm Dillon ... Author "Residential Development... Read More

Real Estate Investing: Sales and Negotiation Skills are Critical

Do you want to build wealth through real estate? You... Read More

Kings Bay Georgia Real Estate - An Amusing Tale About a Real Estate Agent

This story is true and not meant to hurt anyone,... Read More

Be A Realtor With Curb Appeal

Are you a realtor with curb appeal or are you... Read More

Real Estate Investing: Infomercial and Mentoring Scams

Flipping through late-night infomercials recently, I saw two real estate... Read More

Selling Houses with Curb Appeal and Design Psychology

Curb appeal is the most important challenge you'll face when... Read More

What To Expect In Closing Costs On A Home Purchase

Many are taking advantage of this year's low mortgage rates... Read More

Selling by Owner = Saving by Owner?

According to the National Association of Realtors, For Sale By... Read More

Essential Buyer?s Guide for Overseas Real Estate

It's been said many a time that overseas real estate... Read More

Unravelling The Real Estate Buying Process in Canada

If you're a foreign national thinking about investing in the... Read More

Real Estate Investing ? The First House Purchase

Real estate investing usually begins with the purchase of a... Read More

Appraisal or Home Inspection?

People sometimes confuse a home inspection and an appraisal when... Read More

How To Best Negotiate A House Deal

Whether it's selling your home or buying a home, more... Read More

Stay Motivated With REI Till The Deal Comes

I know many investors step into the game of real... Read More

Property Investing Secrets 2

Property Investing Secrets:How You Can Turn A Below Average Deal... Read More

Getting Ready to Sell Your Property

We all have had the experience of someone important coming... Read More

Buying a House in Scotland

Buying a house in Scotland is slightly different from buying... Read More

How Can the Average Person Build Wealth in Real Estate?

Books on real estate are a dime a dozen-and most... Read More

How To Sell Your Home FSBO

You decide to sell your home and believe you can... Read More

Flipping Fixers: Using Transformation Psychology for Top Dollar

Satisfying and lucrative real estate investment depends upon your correct... Read More

Buying To Let Top Ten Tips

Buying to let is considered a serious investment and should... Read More

We Buy Houses Scams ? How to Spot Them and How to Avoid Them

There are many reasons why a home owner would want... Read More

10 Easy but Essential Steps for Home Selling Success

They say that the whole process of selling up, buying... Read More

Home Inspectors - Negotiating a Lower Price

To help you negotiate a fair sale price for a... Read More

Home Selling: Making It Easy On Yourself!

It's a dream for many to buy and take ownership... Read More

How Home Buyer Rebates Work

In today's tight housing market, many buyers are looking for... Read More

Late Mortgage Payments Sabotage PMI Cancellation

There's something you should know about PMI!Private mortgage insurance is... Read More

Real Estate Investing: America Rents

Most people in America rent a personal dwelling!Just think how... Read More

San Diego Real Estate, Million Dollar Homes

San Diego county has always been known for its Luxury... Read More

Secrets of Making Money from Real Estate - Part 5

Where to from here:One property is great, but It wont... Read More