DETAIL FOR HOUSE BUYERS
As lawyers, consultants, and real estate investors, the Vevstads have been involved with real estate transactions since the early 1970s. Our specialty is the proper use of contract terms to establish any type of win-win relationship. That way, we have helped thousands of companies and individuals enter into mutually beneficial agreements in some fifty different industries worldwide.
Real estate is no different: the traditional contract practices of real estate brokers and bankers severely limit the ability of home sellers and buyers to come to terms. It is understandable why these actors always use cookie-cutter terms, because they simply do not have the expertise to structure these relationships to accommodate the many different needs of home buyers. That’s where we excel.
Moreover, by becoming a party to the process, we are highly motivated to find a win-win-win solution for all parties concerned. And we make sure that all parties “live up to their bargain.” Wouldn’t you like to understand this superior alternative to traditional house buying?
The most important part to understand is there is no one solution for any situation. The possibilities are endless; but it may be useful to share some typical examples.
If you don't have the funds (your own or a loan) to buy a house right now, we can still get you one, provided you have a minimum down payment. Until you obtain the balance due, you will pay rent; but you will also have an option to purchase, usually for 1-2 years, and that term can often be extended. This is especially useful to you if you have good income, but need to repair your credit before obtaining a loan, in which case your downpayment already gives you some equity in the house.
Alternatively, if you have really good income, you may be able to pay off the house over time without obtainimg a loan at all.
A similar terms structure may be used if the house needs repairs, and you are prepared to take care of the repairs in return for more equity in the house.
Sometimes you may have other consideration availalble for the seller. In one case, a seller received a mobile home in lieu of cash for the downpayment.
You may also be in a situation where you could benefit from not owning the house immediately for tax reasons, divorce, etc., but you would still like to act as the owner. We can structure a transaction to accommodate many such situations.
Real estate is no different: the traditional contract practices of real estate brokers and bankers severely limit the ability of home sellers and buyers to come to terms. It is understandable why these actors always use cookie-cutter terms, because they simply do not have the expertise to structure these relationships to accommodate the many different needs of home buyers. That’s where we excel.
Moreover, by becoming a party to the process, we are highly motivated to find a win-win-win solution for all parties concerned. And we make sure that all parties “live up to their bargain.” Wouldn’t you like to understand this superior alternative to traditional house buying?
The most important part to understand is there is no one solution for any situation. The possibilities are endless; but it may be useful to share some typical examples.
If you don't have the funds (your own or a loan) to buy a house right now, we can still get you one, provided you have a minimum down payment. Until you obtain the balance due, you will pay rent; but you will also have an option to purchase, usually for 1-2 years, and that term can often be extended. This is especially useful to you if you have good income, but need to repair your credit before obtaining a loan, in which case your downpayment already gives you some equity in the house.
Alternatively, if you have really good income, you may be able to pay off the house over time without obtainimg a loan at all.
A similar terms structure may be used if the house needs repairs, and you are prepared to take care of the repairs in return for more equity in the house.
Sometimes you may have other consideration availalble for the seller. In one case, a seller received a mobile home in lieu of cash for the downpayment.
You may also be in a situation where you could benefit from not owning the house immediately for tax reasons, divorce, etc., but you would still like to act as the owner. We can structure a transaction to accommodate many such situations.
Look for an email with a blank buyer facts sheet link in your email inbox. If you don't see it there, check your spam folder, and make sure you move it to your inbox.
Then download the buyer facts sheet, fill it in, and save it as a text, Word, of pdf file.
Then hit reply on the email you received, attach the file with the filled in facts, and send it back to us.
One of us will be contacting you shortly to go over what you sent us and discuss how we may structure a fast and easy purchase of a property.
Then download the buyer facts sheet, fill it in, and save it as a text, Word, of pdf file.
Then hit reply on the email you received, attach the file with the filled in facts, and send it back to us.
One of us will be contacting you shortly to go over what you sent us and discuss how we may structure a fast and easy purchase of a property.