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Buying Real Estate, Questions To Ask A Seller Over The Phone


When interested in investing in real estate an important thing is to get information by phone. If the right questions will save you time. The reason this will save much time if you ask the right questions you will know if the property is what you are looking for. A question to ask is how much capital is at home. If the house is completely paid the seller could make an offer unconventional with you, as seller finance. This is when you write a promissory note and pay the seller over time.

Time does not have to be a long time, you can pay the seller more than five years and five years after the seller receives a lump sum payment for the rest. During the five years it will pay the seller the price you pay if you are going to pay the note in thirty years. After five years to get a mortgage and pay the rest of the note out. Otherwise you can order by phone is that if the mortgage is assumable. If the mortgage is assumable and the seller has a little capital can borrow for a little more than the equity and paying for the seller and assume the mortgage. When you do this make sure you can pay the loan and mortgage.

One last thing that you can order by phone is the size of the property and if the property has no special quality. By doing this you will discover how much the property has bedroom, you will also know if something comes with the property. Talking to a telemarketer may cause nervous at first. One thing you can do is have a list of things to do. Getting the right information over the phone from a seller can not be an easy thing, but if done properly can save time and money. If you use the information you read here can make the process of getting the right information through the phone a little easier.

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A good web site where you can see more information on topics like this is Buying Real Estate, What Questions To Ask Over The Phone which is highly recommended. Another article witch is also recommended is Buying Real Estate, The Things You Should Avoid Thank you and enjoy.


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