Buy a House Fast

Buy a Home with No Money Down

Yes, no-money-down mortgages are still available.

But let’s make sure we don’t jump in to the very financial situations that caused the present “crisis” in the real estate industry:

1. Determine first what you are willing to pay over time for your property.
2. Remember you will have no equity in the home once you buy it – you start from ground zero.
3. Avoid assuming you can easily make money on your property through the equity gained by its increased value over time – there are no longer any guarantees your house will increase in value.
4. Make sure the house you are buying comfortably meets full appraised value – no over-valued property will do you any financial good in the future if you have to sell quickly.

Okay, so you’ve met these criteria.

There are a few ways you can still obtain a home loan with no money down. Here’s the one we use and recommend. Suspend your disbelief for a minute; this program was launched in February 2006 and has funded hundreds of transactions since then. It was in development for over a year to ensure that it was both legal and compliant. The funding company hired a Washington DC legal firm specializing in mortgage banking to review the program before it went live.

Owners Alliance – A Membership Agreement

There are many details, but the program is simply this: You become a sales representative for a Homeowners’ Alliance. Your job is to sell memberships in that alliance. You sell a membership to the selling homeowner by writing a contract with the seller that offers membership in the Alliance contingent on the sale of the home. The price is whatever your down payment would be plus a small handling fee – typically $300. The contract language is handled by us to assure total compliance.

The proceeds from the membership sale are taken from the proceeds of the house on closing. The Homeowners’ Alliance company pays you a commission on the membership sale – exactly the amount of the cost of membership. This commission, which can be verified by your bank, and which legally can be used for a down payment, becomes the down payment for the loan.

When the transaction closes, all money changes hands, and you are the proud owner of a new home with no money down and a great mortgage to boot.

It’s Real. We Can Offer it To You, Today

Given that Mr. Madoff and Ponzi schemes are currently in the news, this writer was pretty skeptical to say the least. But Express Realty Services is actively writing contracts that feature this very method. It is real. It is legal.

And, it works.

Because you want to buy a house fast and our business is to do just that, call us to see how you can benefit from this and other programs we offer to help you buy a home in 2009.

That way you really still can buy a home with no money down.

We promised an article on Zero Down and other grant programs that are still available today. This blog is being written during the holidays, and our expert on these two programs is visiting out of state for the week. We will publish that information in our next; and we promise, it’s real and available in January, 2009.

We talked about rumors last week. But check this out: one persistent rumor circling real estate offices this last month reports a major nationwide real-estate giant selling a grand total of only one home for the entire month of November.

Well, we’ll sell 15 this month.

We hear there’s a recession on, but we’ve decided not to participate this time. The secret is in what we do and how well we do it. We find houses and people that need care; some TLC and help. Whether blighted, abandoned, in probate or neglected, we buy them outright for cash, mostly from people who can’t sell for whatever reason.

Then they’re rebuilt from the ground up. We restore or improve almost every system and surface. Every Express Homebuyers home gets new bathrooms, gourmet kitchens, granite countertops, and wood cabinets, and upscale fit and finish throughout.

That’s why they sell. We offer better features and more benefits than the other houses and price them below comparable, less-appealing neighborhood homes.

Finally, we make it easy for our buyers to get loans through alliances with banks that offer our customers the best financing options. Our houses are the best looking, best condition homes in the neighborhood. And we sell them for a better price than other similar properties that are not nearly as nice.

So, why is all this important? Our customers buy quickly. Our home sells in 44 days while the average for the metro area is more like 106 days-that’s 77 days in DC and 136 in Prince Georges County. Compared with some of the mega-real estate agencies, we may be medium-sized, but our flow of sales is constant and strong. We outsell most other mega-agencies

We make it sound easy but we work really hard to deliver the best value we can for today’s home buyer. We’re grateful that our customers and agent partners agree with us.

That’s how we sell houses fast, today.

Happy New Year, again!