There are many great properties still available to those searching for their first home. There is a great need burning in the back of their minds in the form of a keen interest in availing themselves of the first time homebuyers tax credit that has now been extended.
The problem is hanging in there and viewing all the available ones until that diamond in the rough shows up. Searching and searching, you finally walk into a house that seems to have the great "bones" you're looking for. You can actually see your furniture in the house; HOWEVER, it's just in a condition that would make it unlivable for numerous reasons: The prior owner may have not kept up on deferred maintenance or maybe they were upset that they're losing the house/lost the house and damaged it intentionally or it has been broken into by the homeless or kids while it has been standing vacant and they have wreaked havoc on it. You just don't have the money to buy it and fix it up and you see your dream donning wings.....
Well, Cheer Up! because if you've employed the right Realtor and Lender and you can afford payments on a higher loan amount than you need to buy the property, you can probably start planning the celebration for the next Holiday at your new house. Their is a great loan out there offered by the FHA that provides for acquisition and renovation, you could even include new applicances and other energy efficiencies.
You can certainly contact me @ www.rogerasullivan.com for immediate assistance and guidance for California real estate or you might read the article by accessing the following site: http://rismedia.com/2009-12-08/changing-the-way-people-buy-homes-using-the-203k-program-to-purchase-dream-homes/
Keep the faith!
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