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HOW TO PURCHASE YOUR "DREAM HOME" WITH NO CREDIT CHECK
Part 5
FIND OUT WHAT THE SELLER WANTS
Many sellers want a steady income and don't need front money in the form of a down payment.
Most buyers never consider asking a seller what they want! If you can guarantee a nice monthly
income to someone who prefers a steady check, you can have yourself a nothing-down deal. Find out
what the seller really wants!
BUYING WITHOUT CASH MEANS BECOMING A SUPER NEGOTIATOR
Sometimes you will require super negotiating skills if you decide to buy a home without using
your own money. After you have found your dream home, you and the seller will have to sit down and
negotiate a final agreement. The following three rules should be followed to enable you to ge the
best possible deal:
- Get the selling price as low as possible.
- Negotiate a very low down payment, or no down payment agreement.
- Be aware of all the methods available to you in buying real estate whereby you would pay
some cash, or no cash up front.
The first five of the following options involve some cash up front, the remaining seven do
not. At the top of the list the buyer buys out the sellers full equity. At the bottom of the list
the buyer pays nothing down and doesn't secure the debt. Somewhere in-between you should be able
to agree on a compromise that benefits both parties involved.
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