Open Listings raises $6.5M to help you buy a home without a real estate agent



Open Listings, the home listings website that wants to do away with traditional real estate agents, has just raised $6.5 million in a Series A funding round

Using a credit card to finance your home renovation project might not be a smart idea



Using your credit card to finance home repairs will almost certainly cost more.

Owner Financing When You Don’t Own Anything



You can put a property under contract, find a buyer, create a mortgage note, and sell it to a note buyer without ever taking title to the property. Sound intriguing? It should. This type of financing is becoming more available as more private money enters the real estate market. Private money has always been in […]

Choose Memphis as Your Out of State Investment



Coastal cities have been attracting out of state real estate investors for many years because these cities performed better during the recession compared to inland cities. The result is that today, coastal properties have skyrocketed in cost due to the huge influx of investors and are no longer ripe for the picking. Whether you are […]

United Wholesale Mortgage rolls out interest-only financing



United Wholesale Mortgage just rolled out a new product that it hopes will prove attractive to a large segment of borrowers

Doing Business in Memphis



Memphis by itself is an awesome place to do business. On top of that, many incentives are offered to both new businesses and existing businesses wanting to expand in the metro and county areas. The primary incentives offered include: Tax Incentives Training and Workforce Assistance Project Assistance Infrastructure and Energy Incentives Financing Incentives Tax incentives […]

Creative Financing – Closing the Deal



Most agents are well aware that creative financing often closes a deal that otherwise won’t get done. Here we take a look at how sellers can improve their profit point and marketability by offering seller financing and still getting all of their money in a relatively short period of time. Of course, sellers are reluctant […]

Subject to Deals – Answering Seller’s Questions



When you make a subject to existing financing offer to purchase a home, it’s important to make sure the seller understands how this type of deal works. First, the seller needs to understand that his or her mortgage is going to remain in place but you’ll be taking over the payments. You’ll also be making […]

Understanding The Real Costs Of Government-Insured Home Mortgages



There’s no shortage of options when it comes to financing your next personal home purchase. The list of potential options includes FHA, VA, USDA, and a myriad of other “low-down-payment” loans available. This category of loans is known as “government insured,” meaning that the lender can file an insurance claim through the appropriate government agency, (FHA, VA, etc), if the borrower defaults on the mortgage.

Reasons Why Buyers Back Out of Deals



There are many reasons that buyers back out of a signed purchase agreement. Real estate contracts can be complicated. They can include many contingency clauses allowing both the buyer and seller to get out of the contract after it’s signed but before the deal closes. However, it’s the buyer that backs out of almost one […]

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