Local Real Estate Entrepreneurs Provide Alternative Strategy for Quick Home Sale
Crown Point, IN, May 31, 2013 --(PR.com)-- Homeowners who need to sell quickly because of a job transfer, job loss or personal reasons know the challenge of getting a quick sale in today’s real estate market where the average property in Lake County is listed for over four months according to the Northwest Indiana Association of Realtors.
Barb Carten McMahon and husband Bill, owners of webuyhousesNWI.com, a local real estate investing business, said one of the biggest hurdles in selling a house quickly is finding a buyer who can qualify for a loan. ”The banks have gone from super lenient to super stringent,” said Carten McMahon. "You are really put through the wringer."
According to Federal Reserve Governor Elizabeth Duke, 90 percent of people with credit scores between 680 and 620, historically a respectable range for a credit score, were declined from 2007 through 2012. "If the only people who can get a loan have near-perfect credit and are putting down 25 percent, you’re leaving out of the market an entire population of creditworthy folks, which constrains demand and slows the recovery,” said Jim Parrot, former senior advisor on housing for the White House National Economic Council.
“We focus on Lease Options also known as Rent to Own to make selling and buying a home easier. We sign a Lease Option agreement with the seller, find and screen a buyer whom the seller approves and assign our agreement to the buyer. The buyer works with a mortgage broker and, if necessary, a credit repair service, gets financing and cashes the seller out at an agreed upon time. Everyone wins. The seller gets at or near market value for his house, no maintenance or repair worries, monthly payments are made and a better quality tenant who has the mindset of a homeowner is in the home. The buyer gets time to shop around for the best financing and improve his credit score and check out the home and neighborhood before buying,” said Bill McMahon.
Barb Carten McMahon, a former Special Education teacher has a longtime interest in real estate. "On Sundays I would grab the newspaper and immediately turn to the real estate section. I got so good at knowing the market that I could correctly price a home in my neighborhood within a few thousand dollars."
Bill, too, has had a long time interest in real estate. "It must be in the genes," said Bill. ”My brother and sister are both realtors and even my step-mother was licensed at one time. When I got laid off Barb and I discussed the possibility of becoming full-time real estate investors. It just seemed like the natural thing to do. We attended several seminars, and intensive RE investor school, studied different books and programs and most importantly, got a mentor. We both see it as a way to have more control over our day and give back to the community. We are confident our Rent to Own program benefits both the seller and the buyer. You don’t have to be a salesman per se. The program really sells itself.”
For additional information on how to buy or sell your home quickly using Lease Options visit http://www.webuyhousesNWI.com
Contact:
Barb Carten McMahon and Bill McMahon
219-561-0861
FAX 219-814-4034
info@webuyhousesNWI
http://webuyhousesNWI.com
Barb Carten McMahon and husband Bill, owners of webuyhousesNWI.com, a local real estate investing business, said one of the biggest hurdles in selling a house quickly is finding a buyer who can qualify for a loan. ”The banks have gone from super lenient to super stringent,” said Carten McMahon. "You are really put through the wringer."
According to Federal Reserve Governor Elizabeth Duke, 90 percent of people with credit scores between 680 and 620, historically a respectable range for a credit score, were declined from 2007 through 2012. "If the only people who can get a loan have near-perfect credit and are putting down 25 percent, you’re leaving out of the market an entire population of creditworthy folks, which constrains demand and slows the recovery,” said Jim Parrot, former senior advisor on housing for the White House National Economic Council.
“We focus on Lease Options also known as Rent to Own to make selling and buying a home easier. We sign a Lease Option agreement with the seller, find and screen a buyer whom the seller approves and assign our agreement to the buyer. The buyer works with a mortgage broker and, if necessary, a credit repair service, gets financing and cashes the seller out at an agreed upon time. Everyone wins. The seller gets at or near market value for his house, no maintenance or repair worries, monthly payments are made and a better quality tenant who has the mindset of a homeowner is in the home. The buyer gets time to shop around for the best financing and improve his credit score and check out the home and neighborhood before buying,” said Bill McMahon.
Barb Carten McMahon, a former Special Education teacher has a longtime interest in real estate. "On Sundays I would grab the newspaper and immediately turn to the real estate section. I got so good at knowing the market that I could correctly price a home in my neighborhood within a few thousand dollars."
Bill, too, has had a long time interest in real estate. "It must be in the genes," said Bill. ”My brother and sister are both realtors and even my step-mother was licensed at one time. When I got laid off Barb and I discussed the possibility of becoming full-time real estate investors. It just seemed like the natural thing to do. We attended several seminars, and intensive RE investor school, studied different books and programs and most importantly, got a mentor. We both see it as a way to have more control over our day and give back to the community. We are confident our Rent to Own program benefits both the seller and the buyer. You don’t have to be a salesman per se. The program really sells itself.”
For additional information on how to buy or sell your home quickly using Lease Options visit http://www.webuyhousesNWI.com
Contact:
Barb Carten McMahon and Bill McMahon
219-561-0861
FAX 219-814-4034
info@webuyhousesNWI
http://webuyhousesNWI.com
Contact
We Buy Houses NWI
Barb Carten McMahon
219-561-0861
http://webuyhousesNWI.com
info@webuyhousesNWI.com
FAX 219-814-4034
Barb Carten McMahon
219-561-0861
http://webuyhousesNWI.com
info@webuyhousesNWI.com
FAX 219-814-4034
Contact
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