"Can I sell my house with no money down?" This is the most popular question among home owners and potential house buyers. The answer varies from situation to situation. In a stressful economy, many homeowners are asking themselves this question. It makes no sense to invest in a house you may not be able to sell, right? Well, calgary real estate lenders do allow house buyers with cash to buy houses, and this can actually be a good thing, depending on where you are in the country. The first question that people often ask about house buyers with cash is how they will finance the purchase. Many lenders require that you have at least a 3% down payment on any loan you are considering for house buying. In order to qualify for a cash offer, your house must meet certain criteria. For instance, it has to be sold by the end of a certain time frame, and it must be in good or fair condition. You must also have at least $1k in available debt. These are the two biggest factors that lenders use when determining whether or not you are a good candidate for a cash offer. Before you get started, you should make sure that you have plenty of time to either fix up the house or get started on repairs. Houses that are in need of repairs are often priced very cheap, so you should never expect to make a decent profit on one of these properties. On the other hand, if you are ready to start making repairs, then you have several options to consider. One of the most popular ways for house buyers with cash to buy houses involves the use of a short sale. This basically means that you will have to sell the property while making some repairs. While this might sound like a bad deal, in reality it can save you thousands of dollars. If the property needs repair, you can always wait until the weather improves and then perform the repairs. In this manner, you will not lose money on the purchase but you will also not have to put the house off to the market for another six months. Another option that you have if you are buyers with cash is to use aspen woods calgary listings. Most traditional real estate professionals will tell you that buyers who purchase homes in this manner often do not end up spending much money on the house, due to the fact that they only make minor repairs before being sold. However, if you plan carefully you can find great deals that have great financing options and do not require you to make any repairs. As-is, this might not be the ideal solution for all types of buyers. Real estate agents often discourage this strategy because they see it as a buyers' market. Many people are still trying to sell their houses even though they require major repairs, and it has been going on for some time. If you can find a real estate agent who will work with you on this strategy, it could be a great way to purchase your first home or to keep your existing home. You can get more enlightened on this topic by reading here: https://en.wikipedia.org/wiki/Real_estate_agent.
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