The real estate business is definitely not the same as it used to be. It is now multi-faceted more than ever, even beyond the ever changing rules of short sales and REO’s. The uncertain economy must be bringing out the “creative financing” side of people. My most recent transactions have not been the traditional experience. But then again, what is traditional these days? I have had to do much research on a variety of topics for my clients including: lease purchase/option, seller carry back, model home lease back, home auctions. Good thing I enjoy learning and passing that information on to my clients! People see that interest rates and home prices are low and they want to get into the real estate game again but because they may be struggling with their credit as a result of a loss of job, foreclosure on their home, bankruptcy, etc…, they can’t jump in as they did before. Instead, they are trying to slide in. I believe that we will be seeing more uncommon types of real estate deals as a result. What do you think? And what is your experience? Feel free to post your comments here!
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