816 Marion fort worth tx

Asked by Richardsons584, Fort Worth, TX Sat Nov 23, 2013

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Rick DeVoss, Agent, Ft Worth, TX
Sun Nov 24, 2013
So ~ What is the question?? This is a "Question & Answer" site. Hard to get an answer when you don't ask a detailed question.

According to MLS, the property quoted is already Pending. But what would you expect for a $21,000 price tag? How long would a house last at that price in today's market? (Even if it were a dump, it could be fixed up and rented for a positive cash flow.) But it would have to be purchased by an investor.

If you are proposing to buy it and live in it, you would have to have cash for the purchase price. Why? Because today's lenders will not make a loan that small. There is no profit in it. Your only hope would be to find a private lender to float you a personal loan. But you had better line up your lender before you focus on any house.

The bottom line in this story for eveyone is: You Must line up your financing before you start looking for houses. Ask any Realtor or loan officer, and they will tell you the same thing! It is easy for me to find you a house; it is not so easy to get prepared for a loan application, and secure a pre-approval letter. We must have that before we submit an offer on a house for sale.

*Looking at houses is Step #5 in the process of buying a house. Contact me for a list that will show you what the first 4 steps are.

Stay Warm!

Rick DeVoss

ULTRA Real Estate Services

1 vote
Susie Kay, Agent, Dallas, TX
Sun Nov 24, 2013
What would you like to know about this home? It's currently pending. You can check my website at http://www.dfwdreamhomes.net for the most updated info on homes on the market.

Susie Kay, Realtor®
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240


Servicing your real estate need is my priority!
0 votes
Bruce Lynn, Agent, Coppell, TX
Sat Nov 23, 2013
I show this one still for sale.

Let me know if you would like to see it on Sunday.

We need to do it early in the day if possible before the weather gets bad.

0 votes
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