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Financing in Lawrence : Real Estate Advice

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  • Local Info15
  • Home Buying39
  • Home Selling5
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Activity 2
Sun Nov 22, 2009
Rob Lang :) answered:
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 Realtor®
Sellers www.MLSPlease.com (Marketing homes to 2 MLS's, to over 10,0000 websites, and virtual tours, and a $1,495 full service listing side option to save home owners thousands of dollars when they sell their home)
Buyers: Property Searches www.AskRobLang.com
http://www.tokbox.com/Rob0709 to Video Conference with me
Blog www.ActiveRob.com
At Home Kansas 300 Rockfence Pl, Lawrence, KS 66049
(Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
785-813-1357 (cell) 206-339-3199 (fax)
Info@AskRobLang.com
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Tue May 6, 2008
Maria Morton answered:
Get a letter of pre-approval from a reputable lender. For a couple of reasons:
1. You know what price range to look in.
2. Many sellers will not even show their home to a buyer who they feel is not serious.
3. Most realtors will not work with you until you are pre approved.
4. When you find the property you want to buy, you will be able to move quickly to make your offer.
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