Chapter 7: Some Parting Advice - Buying A Home When You Have Bad Credit

		At I-Can-Buy.com we believe that information should be available to anyone who wants and needs it, so we are trying out something new for a limited time. We are offering this valuable information FREE on this website, in a format that is supported by advertising, instead of selling this valuable e-book. We think this is a great idea and we hope you do too. Here is Chapter 7 of our FREE Online ebook. To get a free pdf download of this book, Click Here. To go back to start the book with the Introduction and Chapter 1 Click Here. Buying a Home When You Have Bad Credit: 12 Ways to Purchase a House When You Can't Get a Home Loan. Chapter 7: Some Parting Advice How to Find “For Sale By Owner” Homes The easiest way to find FISBO's is to check newspaper ads and ads on the Internet. FISBO 's usually identify themselves. As I mentioned earlier, also watch for real estate investors ads. The y will usually have ads to buy houses, but contact them anyway. Maybe they need to sell one of them. Often investors have the ads that look for people to rent-to-own or lease/option their house. Another good way is to drive around neighborhoods that you want to move into and watc h for houses that are on sale. Make note not only of houses that are for sale by owner, but also for houses that have real estate signs up. If the real estate sign goes down after a long period (6 months) they probably have not sold the house. Maybe they are ready to deal with you now. Ask people you know if they know anyone with a house for sale. Some of the best connections come from people you know, and they are more likely to do some creative financing for you. Working with Motivated Sellers The key to finding a home to meet your special needs is not the location or the condition of the house or even the money. The key is to find a motivated seller. Find a seller who really needs what you can offer. Don’t take advantage of these people. This is what has given some investors a bad name. You are in a position to help them, and as you help them you will be helping yourself at the same time. Give Up Something to Get Something I’ve said it before, but it is worth repeating. Maybe you will be lucky, but most likely because you want something special (the right terms for a home without a credit check) you may have to give in on something else. It might be settling for a higher purchase price, or a little higher interest rate, or maybe a fixer-upper house. Remember that you are in charge. Don’t settle for something that you can’t live with. You can’t get something you don’t ask for. Ask for what you want. Don’t let the fear of being rejected stop you from making an offer to a seller. You will never know if you could have gotten it, if you don’t ask. And not asking is an automatic “no.” Use This Chance to Start Over It is important that once you are in your own home you use this chance to rebuild your credit. If you have had bad financial habits in the past, you have a new opportunity to change things. Use it by trying to make all you payments on time, every time. As the old saying goes, “Today is the first day of the rest of your life.” Just do it! Don’t give up! Don’t get discouraged. I know you can do it! If you are afraid you don’t know enough about real estate, do it anyway. Ask for help. Go out and find the information and/or the help you need. You will never know it all, so don’t let the fear of not knowing enough stop you. And when you purchase (or rent-to-own) your new home, send me your success story! I’d love to hear how you were able to buy a home with no credit using one of these methods. And perhaps you can inspire others. Email me here. Thanks and good luck! Enjoy your new home! P.S. An excellent program for helping people get into home ownership who have been turned down by conventional mortgage lenders, is a special investment company. It is made up of a group of investors who help finance people with little money to put down or people who have bad credit. For information on this exciting opportunity to get out of the rent trap and purchase your own home, Click Here Now! This has been an excerpt of the book by Alex Dey called Buying a Home When You Have Bad Credit. Buying a Home When You Have Bad Credit is written by Alexis Dey, Copyright © 2005-2006 Mohave Publishing. All rights reserved. This book is protected by international copyright law. You may not otherwise resell, reproduce, distribute, publicly perform, publicly display, or create derivative works of this material, unless authorized by Mohave Publishing. http://I-Can-Buy.com To go to chapter 8 click here. Disclaimer: Concepts in this book represent the author’s individual experiences, ideas and opinions. It is intended to provide helpful and informative material on the subject matter covered. Others may have different results, depending on where they live and the laws that apply there. This book is intended to give general information, not specific legal advice. It is not to be used in place of legal, accounting, mortgage, financial, investment, tax or other professional service. The author, publisher and/or contributors shall in no event be held liable for any loss or other damages incurred from the usage of the information found in this book. All materials are based on United States of America laws, customs and conditions. We cannot guarantee their effectiveness in other countries.