For Buyers

 

Q: Banks, real estate professionals, etc. have all told us we can’t buy a home. Is this true?

A: Maybe or maybe not.  The real estate industry is set up to be productive and not to be helpful! If you or your financial situation does not fit their framework and limited training, their only answer will be a rapid no, with little explanation on why not. They will then quickly move onto the next potential client (paycheck).  The process of buying a home and understanding the credit/lending system is complicated. In the last 20 years, we have learned what it takes to get you to conform to a lenders box, find a different lender’s box, who’s box may fit your situation better, or cure the obstacles (such as no down payment) that are stopping you from getting a home.

Q: We know our credit is bad, can we still buy?

A: Possibly, time heals all wounds. Basically the worse your credit is, the more time it will take to cure the problem, to the point at which a bank will give you a home loan. Renting the home during that time may be a possibility.

Q: What does it cost for you to help us?

A: $0. If you are interested in working with us, we will look at anyone’s situation for free.  We will also tell you in plain English what it would take (in our opinion) for you to eventually qualify to purchase one of our homes, all within 24 to 48 hours. You truly have nothing to lose and everything (a home for your family) to gain.

Q: How does your process work?

Step #1: The first step is to always view the interior of the home to see if you want what we have. You can call the office to arrange a viewing. Start here because I do not want to waste anyone’s time if we don’t have the home for you.

Step #2: Whether you are interested in short term rent to own, land contract or buying immediately, the next step is to put in an application.

Step #3:  After we receive the application we will review your info and credit. Then we will call you in 24 to 48 hours to let you know what is possible in your situation, or we will collect more details.

Q: How do we get specific info on a home?

A: Read what information is available for the home you are interested in on this website. Click the homes available link on the left. If that does not answer your question then call the office (419-586-8220) or contact us by e-mail (chbs@bright.net).

Q: How do we view a home?

A: Contact the office to arrange a viewing. Feel free to go look around the exterior of our homes during daylight hours. If the website states the home is currently occupied, but still for sale, you can drive past the outside only. Please do not stop or bother the occupants. We have interior videos available to view for currently rented homes either on this website or at our office.

Q: How soon after an application will I know what you can do?

A: Usually within 24 to 48 hours

Q; How do I know the home I’m looking at is worth your asking price and that I’m getting my moneys worth?

A: When you purchase a home, your lender will hire an individual appraiser they choose to appraise the home. A lender will not loan you more than the home is worth. We also encourage you to hire your own inspector to inspect the home to make sure what your buying is a quality home. Lastly, with most of our homes we offer a one year home warranty for a little peace of mind.

Q: We would like to be contacted on the next home you have that meets our criteria. Is this possible?

A: Yes, we keep a buyers list.

Q: You don’t have the home for us right now, but we would like to get started, can you help?

A: Yes, we prefer you get started now. Fill out an application and note that.  We will then analyze your credit and give you a plan of action to get started on.

Q: I have remodeling skills. Can I earn some down payment by repairing the home?

A: Yes, obviously this is a case by case basis, but if the remodeling has not been completed yet, it is a possibility.

Q: How long have you been in this business?

A: 20+ years, but we incorporated in 1999.

Q: How much money do I need to move in if I can purchase the home?

A: If we can get you qualified to purchase the home now, many of the loan programs require 0 to 3% down. This depends on your unique credit situation and the loan programs available for your situation at the time.

Q: Are you a lender?

A: No. Over the last 20 years we have learned who we can trust in the lending business and how to straighten out credit problems. The lenders our buyers frequently use deal with all types of credit issues and down payment amounts. If you chose to work with one of our lenders, you will be working with them directly. Of course we will help you every step of the process.

Q: Can I get my own loan for the house?

A: Absolutely! If you want to shop for your own loan, I ask you to do two things:

1.      Call the office first so you don’t shoot yourself in the foot. Every time you apply for a loan your credit is pulled, which reduces your score. You can disqualify yourself from obtaining a home loan just buy shopping for a loan. Call the office, and we will explain how to avoid this and other pitfalls.

2.      For your own benefit, at least compare our lenders rates and closing cost with yours. If they were not good we would not be sending our customers to them.

Q: Are these junk variable rate loans?

A: No. The lenders we deal with make 30 year fixed rate loans with current interest rates. For example; currently the rates have been between 5.5% and 6.5%. This is almost a 40 year low for interest rates. Even if your credit is bad, we have other programs (such as a rent to own) to help!