The problem: with financing for buyers to buy properties being very hard to come by, many investors are having a very hard time making money by turning real estate, which is the "bread and butter" to cover operating expenses while they build their long-term real estate holdings. Most stated-income programs have dried up, and most programs require 20-30% down payment plus 2 years verified income history and squeaky clean credit--which limits the pool of buyers considerably and makes homes very hard to sell.
One of the only low-money down programs is FHA, but FHA requires 90 day seasoning, and 3% down payment from the buyer. FHA also scrutinizes a buyer's income and credit. This is good but still not great.
what really sells a property quickly is a unique selling proposition. Most conventional real estate agents try to sell a home conventionally, they are all competing for a smaller pool of A-credit buyers with lots of down payment. However, the market is flooded with homes being sold this conventional way--and it is difficult to compete against this.
One unique selling proposition is offering a home with easy to buy terms, special type of financing. One of the best financing that I know of
Tuesday, September 22, 2009
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I know many real estate agents are not earning decent percentage from there business. USP is the basis-required thing in real estate nowadays.
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