Not only must the buyer be creative, but the seller, the realtor, and lender as well.
Nowadays, with tighter restrictions on lending, all involved parties have to become Creative!
And Creative interprets into thinking 'outside of the box', maybe non-traditional, to assist the real estate transaction. Ask a real estate professional about your options and find out all the information before making a decision.
Here are 10 ways to be Creative and help out:
1) Do a Lease-Purchase.
2) Early Occupancy Agreement
3) Seller Lease Back after closing until future possession date.
4) Co-Signor on the Mortgage.
5) Any involved party to 'buy the rate down.'
6) Owner Financing.
7) Gift Funds from a family member.
8) Government Grant Program
9) First Right of Refusal
10) Seller contributions toward closing costs.
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