Comments on: How do you get a renovation laon when buying a blighted property? I am a first time home buyer with ok credit. http://www.fastpropertysale.me.uk/property-renovation/how-do-you-get-a-renovation-laon-when-buying-a-blighted-property-i-am-a-first-time-home-buyer-with-ok-credit/ sell your property fast Sat, 17 Jul 2010 04:49:29 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: mzfilly http://www.fastpropertysale.me.uk/property-renovation/how-do-you-get-a-renovation-laon-when-buying-a-blighted-property-i-am-a-first-time-home-buyer-with-ok-credit/comment-page-1/#comment-1445 mzfilly Fri, 07 Aug 2009 23:51:34 +0000 http://www.fastpropertysale.me.uk/property-renovation/how-do-you-get-a-renovation-laon-when-buying-a-blighted-property-i-am-a-first-time-home-buyer-with-ok-credit/#comment-1445 If the house will appraise for a value that would cover the construction costs to make it worth that value, then you can get construction to permanent financing with a direct lender. You cannot do the work yourself, however, and would need a contract from a licensced contractor, and the home would have to be slated for owner occupancy. Loans like this cover the purchase price and then give draws on the line to complete the construction. Permanent financing begins when the Certificate of Occupancy is issued. Contact me for more details if needed. Before you proceed, however, ask yourself if the house will fit in with the neighborhood once completed. That is the best way to assess if the value upon completion will make a construction to permanent financing deal work for you. If the house will appraise for a value that would cover the construction costs to make it worth that value, then you can get construction to permanent financing with a direct lender. You cannot do the work yourself, however, and would need a contract from a licensced contractor, and the home would have to be slated for owner occupancy.

Loans like this cover the purchase price and then give draws on the line to complete the construction. Permanent financing begins when the Certificate of Occupancy is issued. Contact me for more details if needed.

Before you proceed, however, ask yourself if the house will fit in with the neighborhood once completed. That is the best way to assess if the value upon completion will make a construction to permanent financing deal work for you.

]]> By: innovativeinvest@sbcglobal.net http://www.fastpropertysale.me.uk/property-renovation/how-do-you-get-a-renovation-laon-when-buying-a-blighted-property-i-am-a-first-time-home-buyer-with-ok-credit/comment-page-1/#comment-1444 innovativeinvest@sbcglobal.net Wed, 05 Aug 2009 08:40:56 +0000 http://www.fastpropertysale.me.uk/property-renovation/how-do-you-get-a-renovation-laon-when-buying-a-blighted-property-i-am-a-first-time-home-buyer-with-ok-credit/#comment-1444 Controleer de HUD.org websites toelagen en u kunt uw Ontwikkeling van de Stad ook onderzoeken Hall.Economic hebt Gewoonlijk Eenmalige toelagen om de eigenschappen verschijning in de buurten te verbeteren. En er is daar de Harde lening Lenders of Rehab van het Geld. Goed Geluk De Investeerder van onroerende goederen Controleer de HUD.org websites toelagen en u kunt uw Ontwikkeling van de Stad ook onderzoeken Hall.Economic hebt Gewoonlijk Eenmalige toelagen om de eigenschappen verschijning in de buurten te verbeteren. En er is daar de Harde lening Lenders of Rehab van het Geld.
Goed Geluk

De Investeerder van onroerende goederen

]]> By: Happy Hag http://www.fastpropertysale.me.uk/property-renovation/how-do-you-get-a-renovation-laon-when-buying-a-blighted-property-i-am-a-first-time-home-buyer-with-ok-credit/comment-page-1/#comment-1443 Happy Hag Mon, 03 Aug 2009 01:25:56 +0000 http://www.fastpropertysale.me.uk/property-renovation/how-do-you-get-a-renovation-laon-when-buying-a-blighted-property-i-am-a-first-time-home-buyer-with-ok-credit/#comment-1443 Start out by documenting everything wrong with the home. When you make an offer on the house get the home loan for that much more than the asking price, take the cash difference for renovations. This could all be handled by your agent or with the closing, uh, stuff. Sorry, I don't do it, my nephew does so I had a brain fa$% on the word I needed! Start out by documenting everything wrong with the home. When you make an offer on the house get the home loan for that much more than the asking price, take the cash difference for renovations. This could all be handled by your agent or with the closing, uh, stuff. Sorry, I don’t do it, my nephew does so I had a brain fa$% on the word I needed!

]]> By: Superstar http://www.fastpropertysale.me.uk/property-renovation/how-do-you-get-a-renovation-laon-when-buying-a-blighted-property-i-am-a-first-time-home-buyer-with-ok-credit/comment-page-1/#comment-1442 Superstar Sat, 01 Aug 2009 11:24:41 +0000 http://www.fastpropertysale.me.uk/property-renovation/how-do-you-get-a-renovation-laon-when-buying-a-blighted-property-i-am-a-first-time-home-buyer-with-ok-credit/#comment-1442 You don't. A bank isn't going to give a loan on property that isn't up to code. The only loan you'd get is the value of the land. You don’t. A bank isn’t going to give a loan on property that isn’t up to code. The only loan you’d get is the value of the land.

]]> By: balletdncr http://www.fastpropertysale.me.uk/property-renovation/how-do-you-get-a-renovation-laon-when-buying-a-blighted-property-i-am-a-first-time-home-buyer-with-ok-credit/comment-page-1/#comment-1441 balletdncr Sat, 01 Aug 2009 08:16:14 +0000 http://www.fastpropertysale.me.uk/property-renovation/how-do-you-get-a-renovation-laon-when-buying-a-blighted-property-i-am-a-first-time-home-buyer-with-ok-credit/#comment-1441 you need to get a construction loan. See a local lender or bank they may have better rates. Good Luck! you need to get a construction loan. See a local lender or bank they may have better rates. Good Luck!

]]>