Never assume that home ownership is out of the question for you. There are many affordable ways to purchase a house in the Columbia area. In our latest post, we share affordable ways to buy a house in Columbia!
If you want to buy a house in Columbia, there are many ways to go about making it affordable. Whether you work with a wholesales, find assistance programs or buy a house in cash, there are several ways you can save some money on the sale. Keep reading to learn more about affordable ways to buy a house in Columbia!
Working With A Wholesaler Or Professional Home Seller
When you work with a professional, you will save yourself a lot of time and money, especially if you aren’t used to buying on your own. Unlike an agent, you won’t have to pay a commission or any fees. A professional home seller such as Cash Home Buyers will have done all of the legwork and financial analysis for you. You will be able to find great deals without having to pay the costs of hiring a buyers agent. Cash Home Buyers is a professional seller who can help make owning a Columbia house affordable!
Assistance Programs
There are many tremendous programs that can help you on your path to homeownership. These programs not only provide loans, but some provide grants that you need not repay. There are down payment assistance programs and programs to help you relocate with ease. The majority of people never tap into these resources which means there is less competition for you to go out there and get it! Check out the Department of Housing and Urban Development’s website to find links to reputable assistance programs that serve your area.
Paying In Cash
Buying a house using cash will almost always guarantee a discount. Of course, this will require some saving, or you could use the proceeds fro another investment to fund the purchase of your new home. Sellers love cash buyers because the transaction is usually quick and easy, without the risk of the sale falling through due to lender approval.
A Large Downpayment
Just like paying for a house in cash, making a large down payment will also require you to save up. It might seem like an undertaking now, but putting a lot of money down will ultimately save you thousands in the long run. If you are able to put down 20%+, you will be able to lower your overall interest payment as well as eliminate the need for extra mortgage insurance as with an FHA loan.
Driving The Neighborhood
You will often see properties with for sale signs in the yard that you didn’t see when doing your online search. Some people attempt to sell their house simply by sticking a sign in their yard and waiting. This isn’t likely to reach a lot of people, so if you see a property like this, it is probable that you will be able to negotiate a bit with the buyer as there won’t be much competition looking at the house.