If you have the money it’s actually quite easy because there are lots of people happy to sell you a house on commission.
If you’re poor then go fuck yourself I guess?
if you’re poor then go fuck yourself I guess?
Seems to be a common theme
It’s hard in nice/desirable areas because the rich people make all-cash offers, and sellers prefer that over people that will get a mortgage.
Why does that matter to the seller? They get that amount in cash anyways. I guess the risk if the mortgage falls through? But then they keep the earnest money.
Yeah, there’s no risk of the mortgage falling through, and not as much dealing with banks. I don’t really know the specifics but it was something I had to be aware of when buying my house. Luckily I was buying while it was a buyers market a few years ago, so prices were lower, fewer people were looking, and there weren’t any competing all-cash offers.
We found it pretty easy… I guess I do live in one of the cheapest towns in the region though.
https://en.wikipedia.org/wiki/Squatting
https://en.wikipedia.org/wiki/Adverse_possession
Might become the only way.
If you are rich enough, you don’t buy a house, you buy a plot of land, you then contract an architect to help you plan the house to your liking, after that you get a contractor who helps you build the house.
Only poor people buy houses second hand!
…unless they are REALLY fancy, then only rich people buy the houses.
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You either look for house listings and contact the realtor selling the house (be wary of contract for deed sales, it can sometimes be a great deal as the owner is cutting out the middleman but it’s just as often a scam or otherwise legal nightmare), or you look for an empty residential lot and then buy a home to be brought in on trucks and come in various sizes and shapes: singlewide, doublewide, multiwide. You can also purchase homes from a plan and have it built on the spot.
In almost every case, part of the process is getting approved for a home loan. Homes costs vary widely and can be anything from $60,000 to $6,000,000 USD, your monthly payments will depend on the interest rate and term on the loan and might be anywhere from $900 to $59,000.
There are many cases where buying a home makes more sense than renting: you acrue equity which becomes profit when you eventually sell the home. The downsides, though, are that it can become difficult to leave once you have the responsibility of a home and the liability of losing your investment if anything ever happens to the home. If a home isn’t built to last then it could become worthless before you ever get a chance to flip it.
Don’t worry about it :)
Thats actually exactly what you say
