what you should know about homes at a low price,...
Many people who work in the real estate business, get paid on percentage.
Loan people and real estate agents for a start.
When the loan amount or the purchase amount is less than 100,000 you will find it a bit more difficult to find help at times. here is why on a real estate agents perspective.
home lists for sale for 50,000 and lets say it sells for 50,000
there is usually around 6% commission split between two different firms. FYI that is around 1500 each firm.
Now each firm has to share that with the sales agent, so your agent may make around 750 give or take.
That is for showing you properties for x number of days work, doing a real estate agent inspection, going to the inspection, assisting with making sure all is running smoothly for a month after escrow begins,....
Now ask yourself would you work for on average around 45 days for around $750?
Loans have similar situations.....
In answer to your question,....
Cash would be the way to go.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate Broker License # 01312992
Century 21 - Noel David Realty
If you want a loan under $50,000, you might have to go the unsecured route.
Lyon Real Estate
Washington Co. LLC
916.675.1177 x 1000 Office
CA DRE# 01738867
NMLS # 394956