Home Buying in Ames>Question Details

Joe, Home Buyer in Ames, IA

thinking about buying a house on contract and have no clue where to start or what to ask for, need help.

Asked by Joe, Ames, IA Fri Feb 27, 2009

any help would be appreciated

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7
can you not get appove when you are under contract
0 votes Thank Flag Link Wed Jul 21, 2010
Hey Joe ... you can not go wrong with Nigel Chapman's advice. I have known Nigel for several years and he is one of the best Realtors in the Des Moines area. Nigel has the experience and contacts to help you.
0 votes Thank Flag Link Sat Feb 28, 2009
Eager Buyer = Troll. Fail.
0 votes Thank Flag Link Fri Feb 27, 2009
Eager Buyer, interesting answer. Lets take a look at the options:

BUY
Any real estate fees are being paid by the seller anyway.
A first time buyer can qualify for an $8000 tax credit.
Buying on contract often allows the buyer to do a refinance in 12 months (easier to qualify than a purchase)
A homeowner gets to tax deduct mortgage interest etc
Equity

RENT
Minimal commitment
No deductions
No $8000

Nigel Chapman
Managing Partner
RE/MAX Real Estate Concepts
550 36th Ave SW, Altoona, IA 50009

nigel@realestateconcepts.net
Licensed to sell real estate in Iowa
0 votes Thank Flag Link Fri Feb 27, 2009
Hi Joe

There are many investors out there that will sell on a contract. Many people for various reasons need a contract. Like most industries, there are good investors and bad ones. I work with 2 investors in des Moines that are very ethical and I refer clients to them on a regular basis. As a realtor, if a client does not qualify for a loan, I can still sell the investor a house to replce one the client buys from him.

What area and city would you like to buy in? Send me an email and I will try to assist you. If it is outside Des Moines, I will try to find a good realtor that can assist.

Regards
Nigel Chapman
Managing Partner
RE/MAX Real Estate Concepts
550 36th Ave SW, Altoona, IA 50009

nigel@realestateconcepts.net
Licensed to sell real estate in Iowa
Web Reference: http://www.nigelc.com
0 votes Thank Flag Link Fri Feb 27, 2009
Joe: Better to rent now and avoid paying 6% in Realtor fees. Prices will go down. Just save a little and work on you credit.
0 votes Thank Flag Link Fri Feb 27, 2009
Could you clarify? Are you talking about lease purchase?
0 votes Thank Flag Link Fri Feb 27, 2009
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