If you can find a cash buyer, that is by far the best way to go because they don't have to jump through all the red tape that
most conventional buyers have to jump through.
Because of various issues, including federal home inspection requirements, Sec. 8 buyers can't always get to closing as quickly
as conventional buyers, and that can hurt in a multiple - bid situation.
There is a very narrow segment of the population —
conventional buyers needing to use a 5 year fixed rate to get the biggest mortgage they could afford — who are impacted by 20 % or more, but generally the affordability delta is 7 %.
VA loan home buyers routinely save hundreds per month over FHA and
conventional buyers.
Conventional buyers are limited in how much they can ask a seller to pay toward closing costs and concessions.
And, unlike FHA and
conventional buyers, VA buyers wouldn't pay mortgage insurance fees on top of that.
There are landlords and regular homeowners out there who need to get cash flow from a house, but for whatever reason, they may not want to sell it to
a conventional buyer.
FHA and
conventional buyers who can't muster a 20 % down payment are usually saddled with the added expense of mortgage insurance.
Filed under Real Estate Investing, cash flow,
conventional buyer, high cash flow return, investment in real estate, millionaire returns, private money, real estate industry, real estate prices, return on investment, returns.
Can I sell the house without the warranty for the foundation and still get
a conventional buyer??? The house plumbing works wonderfully.
According to a recent NCLTN study, people who bought homes through trusts were 10 times less likely to be in foreclosure proceedings at the end of 2010 than
conventional buyers.
We will convert and sell to an FHA or
conventional buyer.
Think about it; if the property was easy to sell, the seller would sell it to
a conventional buyer who would pay the seller cash.
Some properties are in enough disrepair to knock out
conventional buyers, but there are still lots of cash buyers out there ready to buy a house in Hawaii (but not at an inflated price!).
This fact alone makes
a conventional buyer appear much more attractive than an FHA buyer.
Conventional buyers are limited in how much they can ask a seller to pay toward closing costs and concessions.
And, unlike FHA and
conventional buyers, VA buyers wouldn't pay mortgage insurance fees on top of that.
We got
a conventional buyer but had twice the interest because of the advertising.»