Friday, May 20, 2011

Having A Hard Time Finding A Nice Home?

With foreclosures at an all time high you would think that you would have your choice of homes in the market. But the reality is, the inventory of nice homes is dwindling.

What can you do to help with this dilemma?

Consider adjusting your focus. If you are looking for homes in a lower price range with the hope of "making improvements", you will often find that after all of the time and costs involved with purchasing a "rehab property" that you can buy a slightly higher priced home in better condition, better neighborhood and also save yourself the headache and frustration related to buying a rehab home.

If you are looking for a property in need of attention, you should also investigate a rehabilitation loan to help you with funding your new project. Rehab Loans are extremely useful tools, but you should be fully aware of all the issues related to a rehabilitation loan and the risks associated with this type of loan.

For more information on rehabilitation loans or further suggestions that may help you with finding your dream home, please call my office for an individual consultation.