Fixer Uppers are a
good way to get a great deal.
Sometimes it is a matter of cosmetics and other times the “deals” come with a bit more effort. I’m still selling homes for owners that don’t want to be bothered with doing any work to the home before they sell it. The additional effort simply isn’t worth it to them.
Sometimes, sellers are just ready to move on. This is your opportunity, should you choose to take it.
Home buyers who are not regular investors may find financing a challenge. Some of lenders offer up to 50% of the loan amount to be applied toward renovations.
$400K purchase price-
$80K / 20% down
$160K / 40 % Rehab Portion
$160K / 40% Balance
Total loan amount: $320K.
Alternatively, there is the fha 203K with $35K for rehab.
List your home or close on your purchase by 12/31/2014 and Real Estate Search and Sale will pay for your home warranty.