Wow, interest rates come down yet again. What this means for you, the rent to own buyer is an opportunity for interest rate negotiations with the seller.
When you are buying with seller financing sellers know there are few places to put their money to get a decent return on investment. If you offer 6% on seller terms that is a great deal for the seller. Many sellers are not yet convinced of the stock market and the so-called safe investments, bonds and treasuries are not offering anything on returns, plus some people wonder if the government will even be in business.
Suffice it to say the government will stay in business, at least for the short term. That is not our biggest concern for now. The chief concern for everyone should be the housing predicament. With lower interest rates houses should be selling like crazy, but that is not the case. Sure there are some cities doing better than others but prices are still down.
So remember to bargain hard for a great deal. Don't make a mistake and protect you ass-ets! Don't forget the 5 biggest mistakes.
Mari
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