Ok, here is my new blog, and in this one, I'm going to cover easier ways to obtain Real Estate via savvy means of purchase. Yes it is true, in the wake of all the distressed properties (Bank REO's and Short Sales) The tides have shifted to support a buyer's market and prices have taken a steep descent. Even just four months ago. . . CMA's were not Including distressed sales to help evaluate a rough value of property. . . yet as the months progressed, it was evident that "Regular sales" were quickly being replaced by statistics usurped from Short Sales and REO's... What's this mean? Basically that all the Focus on Short Sales and Bank REO's have helped lower market value of homes. Bad news for sellers, but EXCELLENT news for buyers. and with the large inventory of homes, there is no shortage for buyers. ; awaiting the rock bottom deal is not going to take a lot of time. Along with the sliding prices *which appears to be slowing...* there are "incentives" being negotiated on behalf of the buyer to sweeten their purchase. These can include having all closing costs paid for, and even getting the down payment covered.

This is how it is possible for someone to get into a house with $0 closing costs! Now, there are going to be some items that do need to be purchased *Inspections* and money that has to be "fronted" *earnest money*. If everything goes clean in the transaction, and all closing costs are accounted for and covered by the seller, you will receive a refund of your earnest money come Close of Escrow. . .

As for Down Payment, The Ameridream Downpayment Gift program, or Nehemiah is called upon to complete the down payment assistance. Now these are not actual grants given; the down payment is given by the seller, and it passes through the hands of the foundation to rinse the addition of the money to the transaction. It's basically just like the seller paying your closing costs, only this one for down payment requires an extra hoop to jump through (it's not even a big deal to fulfill either).

Couple those two elements with FHA financing in the current market, and you have dynamite! FHA only requires 3% down as opposed to conventional loans requiring 5% down. So you, or the seller, have to come up with less to fulfill loan pre-requisites. Now you have the Short Sales and Bank REO's providing you with a severely discounted price, you have programs set up and ME as your knowledgeable REALTOR able to negotiate these terms and tie them into the contract; that's a recipe for powerful buying!
If you have any questions about ANYTHING I covered, PLEASE feel free to get in contact with me. AND REMEMBER give me some feedback! Thanks for reading all of this, I look forward to speaking with you soon!!

Jason Caballero
Dan Schwartz Realty, Inc.
Mobile: (520)250-6369
Office (602)274-8322
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