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Home Page > Finance > Real Estate > Tips before buying properties in the Philippines

Tips before buying properties in the Philippines

Posted: Oct 14, 2009 |Comments: 0
| Views: 111 |

]]>

Tips  before buying properties in the Philippines

If you buy a property from individual owners
Ensure that the Certificate of Title is genuine. You can check this by securing a certified true copy of the title from the Register of Deeds. Request a photocopy of the title from the seller and submit this to the Register of Deeds with your application for processing of the certified true copy.
Inspect the title if it is clean.  A clean title is free from any encumbrances such as mortgage from a bank or lending companies. Whatever transactions or legal matters that transpire on the land, as a rule, these should be annotated in the title. Check for these annotations. If the page is empty, it is clean.
Ensure that the land your are buying is what is truly described in the title. This can be validated at the Register of Deeds. It is advisable to hire a professional surveyor to ensure that the actual property you are buying will match the technical description in the title. Generally, this will not cost much and as the saying goes, an ounce of prevention is worth a pound of cure.
Make sure that yearly real estate taxes are paid and updated. The government imposes at least quarterly payment of taxes and when a property is sold, the government requires payment of the entire year, so negotiation as to what period buyers pay and what period sellers pay their tax dues should come into play in the sales transaction. It is very important that real estate taxes are paid because of stiff penalties imposed by government on delayed payments and eventually  the government can impose a lien on the property which can extinguish the owners right of the property until taxes are paid including penalties.
Make sure that the sellers are true owners of the property. Valid IDs should match the name in the title. Always inspect the original title, not a photocopy. Check with some authority figures within the locality like the Barangay captain  as they also have valuable information about the property and can attest their true owners.
If the property you are buying is not a residential subdivision such as raw land, or beach lot, check with the DENR (Department of Energy and Natural Resources) with regards to the regulated use of the land. Lands have classifications such as farm land, industrial, commercial, residential and therefore, these should be used according to their classification , though diversion may be applied but requires government approval and usually undergoes a tedious process.

B   If you buy from a developer:

     1. Check for the availability of the mother title. Usually developers offer pre-selling of properties. This means that the houses or condominiums will have to be constructed based on contract over a period of time. The individual title may not be available as this takes time like three years to have the title individualized.

     2. Trust  a reputable developer who has a track record of completed developments. It’s ideal if you can personally check these completed developments to have an idea what it would look like in their pre-selling projects that you might be interested  to invest.

     3. Check every provision of the Contract to Sell that you are going to sign including the annexes. A licensed real estate broker should be able to explain to you in common language all the legal terms expressed in all documents that you are going to sign. You may hire at your option a lawyer for this purpose but this is not customary in large project developments as the documents are standardized. All the signed documents will be notarized and you should have a copy of one original notarized document.

     4. Choose or negotiate for the least cash out, least monthly installments, and if possible no interest for properties that are yet to be built or on-going in construction. Retention can be negotiated to be paid upon delivery of the unit.

     5. If you plan to make some modifications on the inside of the unit whether a house and lot or a condo, make sure that this is allowed by the developer and up to what extent if allowed. There are developers who would not allow any changes in their plans but there are those who entertain changes and can be negotiated or discussed before the construction begins.

     6. Whether you buy from individual owners or from a developer, it’s best to choose a Licensed Real Estate Broker or Agent you can trust with proven records of good and honest service and has extensive knowledge of the local area. Check for loyalty on previous work experiences. Only choose licensed professionals as the colorum or unlicensed are now strictly monitored by government authorities and prohibited to practice real estate profession in the Philippines. Even if licensed, have preference over independed brokers/agents compared to in-house agents. The in-house agents of developers are strictly not allowed to sell the projects of  their competitors and therefore can be expected to be biased on their own projects.

 Author:  Engr. Manuel Arengo Jr.

Real Estate Broker  License No. 1185(N)

Website: http://www.cebubesthomes.com

About Engr. Manuel Arengo Jr.

 

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]]>
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Article Tags:
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Home Page > Finance > Real Estate > Tips before buying properties in the Philippines

Tips before buying properties in the Philippines

Posted: Oct 14, 2009 |Comments: 0
| Views: 108 |

]]>

Tips  before buying properties in the Philippines

If you buy a property from individual owners
Ensure that the Certificate of Title is genuine. You can check this by securing a certified true copy of the title from the Register of Deeds. Request a photocopy of the title from the seller and submit this to the Register of Deeds with your application for processing of the certified true copy.
Inspect the title if it is clean.  A clean title is free from any encumbrances such as mortgage from a bank or lending companies. Whatever transactions or legal matters that transpire on the land, as a rule, these should be annotated in the title. Check for these annotations. If the page is empty, it is clean.
Ensure that the land your are buying is what is truly described in the title. This can be validated at the Register of Deeds. It is advisable to hire a professional surveyor to ensure that the actual property you are buying will match the technical description in the title. Generally, this will not cost much and as the saying goes, an ounce of prevention is worth a pound of cure.
Make sure that yearly real estate taxes are paid and updated. The government imposes at least quarterly payment of taxes and when a property is sold, the government requires payment of the entire year, so negotiation as to what period buyers pay and what period sellers pay their tax dues should come into play in the sales transaction. It is very important that real estate taxes are paid because of stiff penalties imposed by government on delayed payments and eventually  the government can impose a lien on the property which can extinguish the owners right of the property until taxes are paid including penalties.
Make sure that the sellers are true owners of the property. Valid IDs should match the name in the title. Always inspect the original title, not a photocopy. Check with some authority figures within the locality like the Barangay captain  as they also have valuable information about the property and can attest their true owners.
If the property you are buying is not a residential subdivision such as raw land, or beach lot, check with the DENR (Department of Energy and Natural Resources) with regards to the regulated use of the land. Lands have classifications such as farm land, industrial, commercial, residential and therefore, these should be used according to their classification , though diversion may be applied but requires government approval and usually undergoes a tedious process.

B   If you buy from a developer:

     1. Check for the availability of the mother title. Usually developers offer pre-selling of properties. This means that the houses or condominiums will have to be constructed based on contract over a period of time. The individual title may not be available as this takes time like three years to have the title individualized.

     2. Trust  a reputable developer who has a track record of completed developments. It’s ideal if you can personally check these completed developments to have an idea what it would look like in their pre-selling projects that you might be interested  to invest.

     3. Check every provision of the Contract to Sell that you are going to sign including the annexes. A licensed real estate broker should be able to explain to you in common language all the legal terms expressed in all documents that you are going to sign. You may hire at your option a lawyer for this purpose but this is not customary in large project developments as the documents are standardized. All the signed documents will be notarized and you should have a copy of one original notarized document.

     4. Choose or negotiate for the least cash out, least monthly installments, and if possible no interest for properties that are yet to be built or on-going in construction. Retention can be negotiated to be paid upon delivery of the unit.

     5. If you plan to make some modifications on the inside of the unit whether a house and lot or a condo, make sure that this is allowed by the developer and up to what extent if allowed. There are developers who would not allow any changes in their plans but there are those who entertain changes and can be negotiated or discussed before the construction begins.

     6. Whether you buy from individual owners or from a developer, it’s best to choose a Licensed Real Estate Broker or Agent you can trust with proven records of good and honest service and has extensive knowledge of the local area. Check for loyalty on previous work experiences. Only choose licensed professionals as the colorum or unlicensed are now strictly monitored by government authorities and prohibited to practice real estate profession in the Philippines. Even if licensed, have preference over independed brokers/agents compared to in-house agents. The in-house agents of developers are strictly not allowed to sell the projects of  their competitors and therefore can be expected to be biased on their own projects.

 Author:  Engr. Manuel Arengo Jr.

Real Estate Broker  License No. 1185(N)

Website: http://www.cebubesthomes.com

About Engr. Manuel Arengo Jr.

 

Retrieved from “http://www.articlesbase.com/real-estate-articles/tips-before-buying-properties-in-the-philippines-1338748.html”

(ArticlesBase SC #1338748)

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Manuel R. Arengo Jr. -
About the Author:

http://www.cebubesthomes.com/content.php?id=77

]]>
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What are some tips for buying a home?
U.S. citizen looking to buy property in Canada to live in for approximately (6 months) out of the year. Would you have to leave the country the following 6 months before you could return again?
Where could i possibly buy the “pregnancy miracle” book of lisa olson here in the philippines

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Source:  http://www.articlesbase.com/real-estate-articles/tips-before-buying-properties-in-the-philippines-1338748.html

Article Tags:
properties in the philippines, buying real estate, buying philippine real estate, buying properties in the philippines, tips before buying real estate

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By:
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By:
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Consider the location, the masterplan the developer and other factors before buying a condo in the Philippines.

By:
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Condominiums are probably one of the most popular real estate properties today, if not the most popular. However, these properties are completely different from the usual types of real estate properties. Before jumping on the bandwagon and looking for your own Makati condo, it’s a good idea to learn all about condominiums and some tips on buying one.

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Be Smart in Purchasing Real Estate in the Philippines

Purchasing real estate, whether in the Philippines or not, is an emotional process. That is why you have to make sure that you act smart. Doing a good deal of research and deciding on your financing options will make you see the bigger picture.

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Techniques in Opening a Sales Call in Real Estate Selling

Opening



Some Examples of Opening in Real Estate Selling:
(Introduce self: Good morning sir, I’m Manny from Land Asia Realty)
1. I can show you some exciting investments that can save all your rentals and convert them into ownership. Does this sound interesting to you?
2. I’m here because of our promotion on house and lot project that a lot of our clients have availed of.
3. If I can show you a house and lot package with a good location at the same time affordable, would you be

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Steps in Pag-ibig Loan Application

A. Attend a loan counselling session at the Pag-ibig office concerned and be briefed on the eligibility. Accomplish a preliminary loan counseling questionnaire, Housing Loan Application (HLA) and Membership Status Verification Slip (MSVS). This will find out if one has an outstanding obligation withHome Development Mutual Fund (HMDF). If eligible, secure the following documents:

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How Competent Real Estate Brokers Ask Questions

The real estate agent must seek the answer to:
1. Who are your prospects?
2. How do they buy? Where to they go to find real estate properties?
3. Where can you find your prospects?
4. What feature of a home is he interested in? single detached? townhouse? condo? beach lot? lot only? overlooking view? how many bedrooms? one storey? 2 storey?
5. How does he buy: cash? bank financing? in-house financing? Pag-ibig?
6. What are the frequently asked questions of a prospect for each type of prop

By:
Manuel R. Arengo Jr.l

Finance>
Real Estatel
Oct 18, 2009

10 Tips for Effective Email in Real Estate Selling

10 TIPS for EFFECTIVE EMAIL in REAL ESTATE SELLING


1. B – Begin always with a positive note
2. E – Errors on spelling and grammar must be avoided
3. S – Smile – make your Email Smile
4. D – Dwarf the negative, Giant the positive
5. A – Appreciation and courtesy must be expressed
6. A – Answer all questions with clarity. Don’t miss even one.
7. A – Arouse desire for the product – speak with advantages/benefits. Use picture attachments etc.
8. A – Action oriented – must invite actio

By:
Manuel R. Arengo Jr.l

Finance>
Real Estatel
Oct 18, 2009

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Accounting
Banking
Credit
Currency Trading
Day Trading
Debt Consolidation
Insurance
Investing
Loans
Mortgage
Personal Finance
Real Estate
Taxes
Wealth Building

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www.SunwestTrust.com (800) 642-7167 – Informative blog about buying real estate on a Real Estate Contract. Hi, my name’s Terry White, CEO of Sunwest Trust. We’re going to talk about why to buy on a real estate contract today. In today’s financial market, regular mortgages, conventional mortgages are very difficult to find. You might have a hard time getting one if you don’t have a sizable down-payment. If you don’t have really good credit history. Various things like that. If you don’t have documented income, if you’re self-employed, that kind of thing. So, buying on a real estate contract may be the only alternative in those types of situations. So the way you go about trying to find a piece of property and buy it with owner financing is ask your realtor to search the MLS for sellers who are willing to carry the financing on their property. And you might be surprised, there are probably more of those than you would think out there. But once you find those properties, then you can negotiate with the seller to determine what your monthly payment’s going to be, what your interest rate’s going to be, those types of things. The other advantage of buying on a real estate contract is you have a real person to talk to on the other hand. If I’m the buyer, and something comes up, I’ve got a problem making my payment — whatever the case might be, I can call the seller directly and talk to them about my situation. And many times the seller, the seller doesn’t want to necessarily …

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Tips before buying properties in the Philippines

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Home Page > Finance > Real Estate > Tips before buying properties in the Philippines

Tips before buying properties in the Philippines

Posted: Oct 14, 2009 |Comments: 0
| Views: 101 |

]]>

Tips  before buying properties in the Philippines

If you buy a property from individual owners
Ensure that the Certificate of Title is genuine. You can check this by securing a certified true copy of the title from the Register of Deeds. Request a photocopy of the title from the seller and submit this to the Register of Deeds with your application for processing of the certified true copy.
Inspect the title if it is clean.  A clean title is free from any encumbrances such as mortgage from a bank or lending companies. Whatever transactions or legal matters that transpire on the land, as a rule, these should be annotated in the title. Check for these annotations. If the page is empty, it is clean.
Ensure that the land your are buying is what is truly described in the title. This can be validated at the Register of Deeds. It is advisable to hire a professional surveyor to ensure that the actual property you are buying will match the technical description in the title. Generally, this will not cost much and as the saying goes, an ounce of prevention is worth a pound of cure.
Make sure that yearly real estate taxes are paid and updated. The government imposes at least quarterly payment of taxes and when a property is sold, the government requires payment of the entire year, so negotiation as to what period buyers pay and what period sellers pay their tax dues should come into play in the sales transaction. It is very important that real estate taxes are paid because of stiff penalties imposed by government on delayed payments and eventually  the government can impose a lien on the property which can extinguish the owners right of the property until taxes are paid including penalties.
Make sure that the sellers are true owners of the property. Valid IDs should match the name in the title. Always inspect the original title, not a photocopy. Check with some authority figures within the locality like the Barangay captain  as they also have valuable information about the property and can attest their true owners.
If the property you are buying is not a residential subdivision such as raw land, or beach lot, check with the DENR (Department of Energy and Natural Resources) with regards to the regulated use of the land. Lands have classifications such as farm land, industrial, commercial, residential and therefore, these should be used according to their classification , though diversion may be applied but requires government approval and usually undergoes a tedious process.

B   If you buy from a developer:

     1. Check for the availability of the mother title. Usually developers offer pre-selling of properties. This means that the houses or condominiums will have to be constructed based on contract over a period of time. The individual title may not be available as this takes time like three years to have the title individualized.

     2. Trust  a reputable developer who has a track record of completed developments. It’s ideal if you can personally check these completed developments to have an idea what it would look like in their pre-selling projects that you might be interested  to invest.

     3. Check every provision of the Contract to Sell that you are going to sign including the annexes. A licensed real estate broker should be able to explain to you in common language all the legal terms expressed in all documents that you are going to sign. You may hire at your option a lawyer for this purpose but this is not customary in large project developments as the documents are standardized. All the signed documents will be notarized and you should have a copy of one original notarized document.

     4. Choose or negotiate for the least cash out, least monthly installments, and if possible no interest for properties that are yet to be built or on-going in construction. Retention can be negotiated to be paid upon delivery of the unit.

     5. If you plan to make some modifications on the inside of the unit whether a house and lot or a condo, make sure that this is allowed by the developer and up to what extent if allowed. There are developers who would not allow any changes in their plans but there are those who entertain changes and can be negotiated or discussed before the construction begins.

     6. Whether you buy from individual owners or from a developer, it’s best to choose a Licensed Real Estate Broker or Agent you can trust with proven records of good and honest service and has extensive knowledge of the local area. Check for loyalty on previous work experiences. Only choose licensed professionals as the colorum or unlicensed are now strictly monitored by government authorities and prohibited to practice real estate profession in the Philippines. Even if licensed, have preference over independed brokers/agents compared to in-house agents. The in-house agents of developers are strictly not allowed to sell the projects of  their competitors and therefore can be expected to be biased on their own projects.

 Author:  Engr. Manuel Arengo Jr.

Real Estate Broker  License No. 1185(N)

Website: http://www.cebubesthomes.com

About Engr. Manuel Arengo Jr.

 

Retrieved from “http://www.articlesbase.com/real-estate-articles/tips-before-buying-properties-in-the-philippines-1338748.html”

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About the Author:

http://www.cebubesthomes.com/content.php?id=77

]]>
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3. S – Smile – make your Email Smile
4. D – Dwarf the negative, Giant the positive
5. A – Appreciation and courtesy must be expressed
6. A – Answer all questions with clarity. Don’t miss even one.
7. A – Arouse desire for the product – speak with advantages/benefits. Use picture attachments etc.
8. A – Action oriented – must invite actio

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Home Page > Finance > Real Estate > Tips before buying properties in the Philippines

Tips before buying properties in the Philippines

Posted: Oct 14, 2009 |Comments: 0
|

]]>

Tips  before buying properties in the Philippines

If you buy a property from individual owners
Ensure that the Certificate of Title is genuine. You can check this by securing a certified true copy of the title from the Register of Deeds. Request a photocopy of the title from the seller and submit this to the Register of Deeds with your application for processing of the certified true copy.
Inspect the title if it is clean.  A clean title is free from any encumbrances such as mortgage from a bank or lending companies. Whatever transactions or legal matters that transpire on the land, as a rule, these should be annotated in the title. Check for these annotations. If the page is empty, it is clean.
Ensure that the land your are buying is what is truly described in the title. This can be validated at the Register of Deeds. It is advisable to hire a professional surveyor to ensure that the actual property you are buying will match the technical description in the title. Generally, this will not cost much and as the saying goes, an ounce of prevention is worth a pound of cure.
Make sure that yearly real estate taxes are paid and updated. The government imposes at least quarterly payment of taxes and when a property is sold, the government requires payment of the entire year, so negotiation as to what period buyers pay and what period sellers pay their tax dues should come into play in the sales transaction. It is very important that real estate taxes are paid because of stiff penalties imposed by government on delayed payments and eventually  the government can impose a lien on the property which can extinguish the owners right of the property until taxes are paid including penalties.
Make sure that the sellers are true owners of the property. Valid IDs should match the name in the title. Always inspect the original title, not a photocopy. Check with some authority figures within the locality like the Barangay captain  as they also have valuable information about the property and can attest their true owners.
If the property you are buying is not a residential subdivision such as raw land, or beach lot, check with the DENR (Department of Energy and Natural Resources) with regards to the regulated use of the land. Lands have classifications such as farm land, industrial, commercial, residential and therefore, these should be used according to their classification , though diversion may be applied but requires government approval and usually undergoes a tedious process.

B   If you buy from a developer:

     1. Check for the availability of the mother title. Usually developers offer pre-selling of properties. This means that the houses or condominiums will have to be constructed based on contract over a period of time. The individual title may not be available as this takes time like three years to have the title individualized.

     2. Trust  a reputable developer who has a track record of completed developments. It’s ideal if you can personally check these completed developments to have an idea what it would look like in their pre-selling projects that you might be interested  to invest.

     3. Check every provision of the Contract to Sell that you are going to sign including the annexes. A licensed real estate broker should be able to explain to you in common language all the legal terms expressed in all documents that you are going to sign. You may hire at your option a lawyer for this purpose but this is not customary in large project developments as the documents are standardized. All the signed documents will be notarized and you should have a copy of one original notarized document.

     4. Choose or negotiate for the least cash out, least monthly installments, and if possible no interest for properties that are yet to be built or on-going in construction. Retention can be negotiated to be paid upon delivery of the unit.

     5. If you plan to make some modifications on the inside of the unit whether a house and lot or a condo, make sure that this is allowed by the developer and up to what extent if allowed. There are developers who would not allow any changes in their plans but there are those who entertain changes and can be negotiated or discussed before the construction begins.

     6. Whether you buy from individual owners or from a developer, it’s best to choose a Licensed Real Estate Broker or Agent you can trust with proven records of good and honest service and has extensive knowledge of the local area. Check for loyalty on previous work experiences. Only choose licensed professionals as the colorum or unlicensed are now strictly monitored by government authorities and prohibited to practice real estate profession in the Philippines. Even if licensed, have preference over independed brokers/agents compared to in-house agents. The in-house agents of developers are strictly not allowed to sell the projects of  their competitors and therefore can be expected to be biased on their own projects.

 Author:  Engr. Manuel Arengo Jr.

Real Estate Broker  License No. 1185(N)

Website: http://www.cebubesthomes.com

About Engr. Manuel Arengo Jr.

 

Retrieved from “http://www.articlesbase.com/real-estate-articles/tips-before-buying-properties-in-the-philippines-1338748.html”

(ArticlesBase SC #1338748)

Watch your traffic increase just by submitting articles with us, click here to get started.
Liked this article? Click here to publish it on your website or blog, it’s free and easy!

Manuel R. Arengo Jr. -
About the Author:

http://www.cebubesthomes.com/content.php?id=77

]]>
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What are some tips for buying a home?
U.S. citizen looking to buy property in Canada to live in for approximately (6 months) out of the year. Would you have to leave the country the following 6 months before you could return again?
Where could i possibly buy the “pregnancy miracle” book of lisa olson here in the philippines

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Source:  http://www.articlesbase.com/real-estate-articles/tips-before-buying-properties-in-the-philippines-1338748.html

Article Tags:
properties in the philippines, buying real estate, buying philippine real estate, buying properties in the philippines, tips before buying real estate

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By:
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By:
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By:
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Condominiums are probably one of the most popular real estate properties today, if not the most popular. However, these properties are completely different from the usual types of real estate properties. Before jumping on the bandwagon and looking for your own Makati condo, it’s a good idea to learn all about condominiums and some tips on buying one.

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Be Smart in Purchasing Real Estate in the Philippines

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Home Buying Tips – Silverleaf, Scottsdale Az Homes

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Opening



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1. I can show you some exciting investments that can save all your rentals and convert them into ownership. Does this sound interesting to you?
2. I’m here because of our promotion on house and lot project that a lot of our clients have availed of.
3. If I can show you a house and lot package with a good location at the same time affordable, would you be

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2) After choosing your property, you can reserve it online. Upon your request, or when you signify intention to purchase, the Real Estate Agent who serves you will se

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The real estate agent must seek the answer to:
1. Who are your prospects?
2. How do they buy? Where to they go to find real estate properties?
3. Where can you find your prospects?
4. What feature of a home is he interested in? single detached? townhouse? condo? beach lot? lot only? overlooking view? how many bedrooms? one storey? 2 storey?
5. How does he buy: cash? bank financing? in-house financing? Pag-ibig?
6. What are the frequently asked questions of a prospect for each type of prop

By:
Manuel R. Arengo Jr.l

Finance>
Real Estatel
Oct 18, 2009

10 Tips for Effective Email in Real Estate Selling

10 TIPS for EFFECTIVE EMAIL in REAL ESTATE SELLING


1. B – Begin always with a positive note
2. E – Errors on spelling and grammar must be avoided
3. S – Smile – make your Email Smile
4. D – Dwarf the negative, Giant the positive
5. A – Appreciation and courtesy must be expressed
6. A – Answer all questions with clarity. Don’t miss even one.
7. A – Arouse desire for the product – speak with advantages/benefits. Use picture attachments etc.
8. A – Action oriented – must invite actio

By:
Manuel R. Arengo Jr.l

Finance>
Real Estatel
Oct 18, 2009

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Accounting
Banking
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Currency Trading
Day Trading
Debt Consolidation
Insurance
Investing
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Mortgage
Personal Finance
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Taxes
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buying houses – We Buy Houses Fast & Put 2 Pre-foreclosures Under Contract Before Noon Today!

We Buy Houses Fast & Put 2 Pre-foreclosures Under Contract Before Noon Today!

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We Buy Houses Fast & Put 2 Pre-foreclosures Under Contract Before Noon Today!

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Posted: Feb 13, 2009 |

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Today is Friday, February the 13th. It is supposed to be a day of bad luck, right? Wrong! I was driving down the road this morning in the One Hour Homebuyer Hummer going to get a cup of coffee on the way to work. Just so you know, our H2 is a basically a rolling billboard. The Hummer is completely wrapped in vinyl and advertises the fact that “we buy houses in one hour or less” and that sellers can “sell your house in an hour or less” by selling to us. So I was pulling into the parking lot when a lady in a minivan followed me in and started honking her horn at me and waving her arms wildly. If I didn’t have this happen to me at least once a day, I might have found it a bit strange.

I pulled over, stopped the truck and rolled down the window to talk with her. She immediately asked “Do you buy houses?!?” Duh, I thought. Do you think so? I chuckled and asked “What makes you ask that?” She said, “I think the Hummer gave you away!” I said “Yeah, I get that a lot. I can’t go anywhere without being people asking me to buy their homes.” We both laughed and then she proceeded to tell me that she had two houses in foreclosure that were set to go to auction very soon. Because our Hummer said “We can buy your house in one hour” she wanted me to go look at her two houses for sale right away. Since they were both on the way to our One Hour Homebuyer office, I agreed to go take a look at them and make her an offer on them both.

Both houses were located in what I call nice, “first time home buyer” or “middle income”, neighborhoods where the houses were all only a few years old and ranged from 0,000 to 0,000. She told me that she and her husband had purchased these two homes as “amateur” real estate investors and quickly learned they had gotten in way over their heads due to the lack of proper training. She said they had paid too much for the homes, they had little or no equity and because they were investment properties with a higher than average interest rate, the mortgage payments were too high to cover with market rent and still cash flow. She had had lots of problems collecting rent from the tenants. One tenant had moved out on their own free will and left the house a looking like disaster. The other was still being occupied by her son who was unemployed and not paying rent. He wasn’t a very good house keeper either.

Other than needing a thorough cleaning and cosmetic updates like paint, carpet and minor repairs, the houses were in relatively good condition. She owed over 0,000 on each and both were many, many months behind on the taxes and mortgage payments. I told her that she owed too much, the payments were too high and the loans were too far behind for us to catch up and take over her mortgage payments. I also told her she owed way too much for us to pay all cash. Because of her upcoming foreclosure, I told her the only thing we could do to prevent foreclosure was to negotiate a short sale with her lenders. She said both lenders had expressed an interest in doing a short sale but that she had not found a buyer to pay off the short sales. I told her “we are that home buyer!” We offered to buy both of her houses based on reaching a mutually agreeable short sale price and closing date with her lenders. We made her no promises since we could not guarantee the bank would accept our offers, but she was ecstatic with the possibilities nevertheless. We put both of her houses under contract in an hour or less each! Not too bad for Friday the 13th and it is not even noon yet!

If you would like to sell your house fast, often in one hour or less, by selling your home to a Licensed One Hour Homebuyer such as us or to one of our affiliates in your area, please call 888-765-3461 or visit our website at www.OneHourHomebuyers.com, complete our Seller Questionnaire, and one of our local, professional home buyers will contact you ASAP about buying your house fast!

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We are a nationwide group of professional home buying companies that buy houses in any area, in any condition and in any price range, often in onehour or less. If you have a house you need to sell fast, please visit our website at www.OneHourHomebuyers.com or call 888-765-3461 to complete our seller questionnaire and see if your home qualifies for our Rapid Home Purchase Program.

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short sale, foreclosure, preforclosure, behind on payments, we buy houses, professional real estate investor, home buyer, sell your house, buy my house fast, ugly houess, stop foreclosure, avoid foreclosure, one hour home buyers, we buy homes, sell my house

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