Buying a home doesn't have to be difficult but it can be if you have the wrong Realtor. With our company each purchase takes place in a series of 4 simple steps.
Call AlaHomes Realty at (256) 761-0009 to make an appointment to view the property you're interested in.
The buyer must be pre-qualified by his or her bank or mortgage company before any offer can be made. The pre-qualification letter should be faxed to AlaHomes at (760) 462-2080 or E-Mailed to AlaHomes at Sales@AlaHomes.com.
Decide on the amount you want to offer for the home you want and meet with your representative from AlaHomes to write the offer up and submit it to the seller. The seller will require "earnest money" in return for removing their property off of the market. This earnest money should be in the form of a check and will be credited toward the purchase price of your home.
A closing date is agreed upon in the contract an on this date at an agreed upon attorney's office the transaction will take place. The buyer produces certified funds for the purchase amount and the seller's representative produces clear and merchantable title to the property being sold.
Foreclosed properties represent a fantastic opportunity to buy a home or invest in real estate. And, while you can buy homes at 20% to 30% below their market value you will not buy a 3 bedroom 2 bath house for $100.00 and the seller is not desperate to "get the property off their books". These are fantasies cooked up to sell get rich quick schemes on late night television.
Foreclosed properties are also subject to a one year right of redemption. Simply stated this means the previous owner may buy their former home or property back within a year but they must produce the entire amount in cash and they must reimburse anyone who has purchased this property as well and pay interest also.
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Copyright © 2006 AlaHomes Realty, Inc.
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