Hi Paizley79,
Harold Arnold from Chicago is correct. Find a local Realtor who will help you get pre-qualified so you can obtain financing. There are several financing options besides loans from banks that should be pursued such as seller financing that Mr. Arnold mentioned. A few others would be relatives buying the property for you and you buying it from them, your employer buying the property for you and you buying it from the employer, etc. There are other options to pursue as well along with variables such as how much money you have as a down payment, the interest rate that will be charged, the term of the loan (number of years), to name a couple.
Again, find a local Realtor who will help you through this process and even if this house does not work out, he may be able to help you find another house that does.
Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob Lang, CRS, ABR, ePro, GRI, CFPS RealtorĀ®
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- Sun Nov 22 2009, 06:13