Grant Trevithick Real Estate Pro Tips

   Grant Trevithick Carrollton real estate investor here. As Spring rapidly approaches I know that many homeowners will be looking to update and or "revitalize" their home as the traditional selling season arrives. Today we are going to be talking about some of the top cost effective home improvements that you can make that will add value to the price of your home. One added note. Although all of these projects can improve the selling price and create a better opportunity for a traditional realtor to help you sell your house be aware that most homes can be sold without incurring any of these added expenses with the use of Owner Financing. If you are interested in how it works just reach out on our website: www.ofhdfw.com . If you are not in a position to incur the initial expenses before selling, or are under the gun time wise owner financing may be you best option. Take a look... Remodel Your Kitchen - Buyers look most carefully at kitchens and bathrooms, so you should, too...

  Grant here to discuss a very serious item... mortgage fraud. Mortgage fraud is a serious crime that can have a number of negative consequences for both borrowers and lenders. It is important to be aware of the most common ways that mortgage fraud is committed so that you can protect yourself from becoming a victim. Due the complexities of todays real estate market and the challenges the many people have been experiencing in both selling and buying a home it seems like the right time to remind everyone of these basic rules of the road. Here are the main ways that mortgage fraud is committed in all markets. False Statements One of the most common ways that mortgage fraud is committed is by making false or misleading statements on a mortgage application. This can include things like lying about your income, assets, or debts. For example, you might lie about your income in order to qualify for a larger loan, or you might lie about your debts in order to make it appear that you are mo...

   Grant Trevithick Real Estate Investor here with another pro tip. Today I want to talk about what the process is to actually buy a home. Whether you're in Dallas, Fort Worth, Irving, Addison, or any other part of Texas this advice is for you. If you live outside of Texas 90% of this will apply to you, however, I always encourage you to reach out to a Real Estate agent in your area for proper guidance. Buying a home is one of the largest financial decisions a person will make. Most banks offer home loans to their customers, but some may require a customer to have sufficient income to cover monthly payments on the home loan. A bank may also require that the buyer have good credit, which limits the number of buyers that qualify for a house loan. In this situation, a buyer's bank may offer financial assistance to his or her business in exchange for using its financing. In these instances, a buyer may be able to obtain a home loan without having sufficient income or good credit. ...

 Grant Trevithick here. Today I want to give you some pointers to make sure the home you just bought is not a "Money Pit". Almost 30 years ago Tom Hanks and Shelly Long made an entertaining comedy called "The Money Pit". It was one of the very few movies based on real estate. No specific spoilers here, just know that challenge after challenge after challenge after challenge happened after the purchase. I will tell you, that like most movies made in the 80"s, it did have a happy ending.  Here's a few things to look for to make sure you don't go through what they did... Not everybody wants a swimming pool, but if you do, it doesn't cost much to make sure the one that is with the home you are considering is in good shape and clean. Fixes on the backside can add up quickly so make sure to have a pool company take a quick look for concerns. Another hint about doing this is that you will probably want a pool company to do some regular upkeep on the pool.....

  Grant Trevithick Carrollton Real Estate Investor here with another pro tip on how to avoid balloon payments and other mortgage pitfalls. Using a balloon payment with owner financing can be a valuable addition to a mortgage note or land contract. In all my years of experience selling homes through out Texas I've seen many sellers and buyers unknowingly combine a balloon payment with high risk factors turning a positive into a negative. Be sure to avoid these common pitfalls when considering seller financing with balloon mortgages. These risk factors will generally make it harder for buyers to refinance when the balloon comes due making delinquency or foreclosure more likely for the note seller or note buyer: Extremely Short Term – A balloon payment due less than three years from the date of sale can be viewed as a negative. The buyer needs sufficient time to address and fix any issues that might have disqualified them from a traditional home mortgage loan at closing.  No Down...

This message is of great importance to investors in real estate that work in the seller finance arena. If you are now, or are considering becoming an Owner Finance investor take a look.  One of the fundamental rights of real estate ownership is the ability to sell your interest in it. If you've bought a house from a previous owner, even if he's financing it for you, it's yours to sell. Generally, the only limitation on your right to sell would come from a lockout clause or prepayment penalty in the financing, just as would happen with a similarly written mortgage from a traditional lender. Doing Real estate in Carrollton, Fort Worth, Addison, Dallas, and all throughout Texas, the laws can vary so it is important to check with your local municipality to make sure that the contracts you are using encompass this type of event. Now as far as it comes to Grant Trevithick and the Real Estate Investing I have done, I can only speak from experience and want to encourage you to do f...