BAP Blog Fremont Real Estate Tips - How to Buy a Fremont, Pleasanton, San Jose Home with No Money Down
Fremont Real Estate Tips - How to Buy a Fremont, Pleasanton, San Jose Home with No Money Down
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January 8, 2010, by Clyde Brown

How to Buy a Fremont, Pleasanton, San Jose Home with No Money Down, By Fremont, Pleasanton, San Jose Real Estate Advisor Clyde Brown

Sometimes getting the money together for a down payment for a Fremont, Pleasanton, San Jose home is the reason why a renter is not able to go ahead and purchase a home. It may be that they are able to get financing for the monthly payments, but do not have any extra to put together a substantial first payment. Here are a few ideas to help you get a home in Fremont, Pleasanton, San Jose with no money down.

#1. Carry Back by seller

Sometimes you can find a Fremont, Pleasanton, San Jose homeowner that is willing to sell and carry back a second mortgage. This means that you are taking an assumable loan and not buying out the equity of the owner. Sometimes it can be difficult to find a seller in Fremont, Pleasanton, San Jose who will be agreeable to this kind of transaction, but patience is a virtue and can pay off in the end.

#2 Try bartering

If you have something of value that you can offer as a down payment, then it is just a matter of finding a seller that will be willing to take it instead of a cash payment. Again, patience is the key, and some Fremont, Pleasanton, San Jose sellers may be agreeable to this kind of transaction.

You can also try offering a service to the homeowner if you have something valuable to offer, such as dentistry, legal representation etc.  More and more people are becoming open to the bartering system, and some people that are desperate to sell their Fremont, Pleasanton, San Jose home may take a second look at this type of offer.

#3 Government and community programs

There are government and nonprofit organizations that are willing to help renters get into their own Fremont, Pleasanton, San Jose homes. Each program has its own set of requirements that must be met. It is a good idea to look at them because you may be surprised and qualify for one. These programs are designed to help people get into a Fremont, Pleasanton, San Jose home when they are unable to come up with the initial down payment.

These are just a few methods you can investigate if you want to own your own home with no money down. You can also talk to a Fremont, Pleasanton, San Jose real estate agent to find out other methods available, and how others are able to accomplish owning a home in Fremont, Pleasanton, San Jose for the first time.

There is a lot of free information available to you about buying, selling, investing, or relocating in the Fremont real estate market. For complete information about the Fremont Ca real estate market including current Fremont homes for sale, property values, market conditions and more please visit the most complete website dedicated to everything Fremont real estate related. www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Fremont real estate agent in or near Fremont Ca, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. Clyde Brown Legacy Real Estate & Associates.

 

 

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