When the real estate market is competitive, having an advantage is essential. You need to understand where and how to locate off-market properties. Get more information from Capital Fund 1.
Hard Money Loans for Off-Market Real Estate
Real estate is one of the largest growing, booming industries today, especially in Arizona, Texas, and Colorado. As a home buyer or investor interested in making a killing in this industry, you should consider off-market properties.
Off-market real estate refers to properties that are not publicly listed for sale. These properties may be under contract, in the process of being sold, or simply not listed on the open market. Sometimes, you need a quick financial boost that you can’t get from your bank to make such purchases. That’s where we, as Capital Fund 1, come in and save the day. We can guarantee you a loan in less than 24 hours.
Hard Money Loans
Hard money loans are a type of financing that is provided by private lenders and used by investors to purchase real estate properties that are not listed on the market. These loans are typically short-term and have higher interest rates than traditional loans, but they can be useful for investors looking to purchase a property quickly.
At Capital Fund 1, we are here to help you get that off-market property sooner. Here, we act quicker than an institutional lender since we are an asset-based lender. When we underwrite a loan, we look at the property or home value rather than your creditworthiness. We do not ask for your credit or borrower financials, nor do we need a 3rd party appraisal. We are reliable and quick to ensure that you don’t miss out on that property.
Benefits of Off-market Listings
If you live in Texas, Arizona, or Colorado, you know how competitive the housing market can get. That’s why off-market real estate is quite common. However, this process comes with some substantial benefits, which include:
- Unique deals Some sellers want to protect their privacy and quietly offload their property; thus, they don’t list or advertise their homes. Buying such an off-market property means that you don’t have to get into a bid battle with other buyers. Therefore, you stand a chance of getting a unique deal.
- Less stressful When procuring an off-market property, you don’t have to deal with pressure from external sources. You can make a deal with the seller and have a smooth and stress-free purchasing process.
- No rush With such a property, you can take your time to inspect and analyze the property before making a purchase carefully.
MLS Statement 8.0 Clear Cooperation Policy
MLS is a system used by real estate professionals to list and market properties for sale. MLS is a cooperative system, which means that all MLS participants share listing information. This system allows all MLS participants to access the same information, making it easier for sellers and buyers to find properties that meet their needs.
MLS statement 8.0 requires that all listing information entered into the MLS system by MLS participants be made available to all other MLS participants. MLS participants must sign a Cooperation pledge to ensure compliance with this policy. This pledge states that the participant will not enter into any agreements that would restrict the exchange of listing information with other MLS participants.
How to Find Off-Market Real Estate
If you are looking to acquire property in Texas, Arizona, or Colorado, you can’t rely on listed homes. Here are some tips on how to find off-market real estate properties.
- Public Records If you’re looking for a great deal on a home, check for pre-foreclosures. Before a home goes to auction, you can swoop in and buy the house. Public records will reveal if a home is in the pre-foreclosure stage. Check to see if someone is ready to release their mortgage burden and give you a great deal on a home.
- Private Listings There are numerous online platforms where homeowners can list properties. As an aspiring home buyer, you need to be a frequent visitor to these platforms. You can get an excellent deal on Facebook or Craigslist.
- Make Public your Desire to Buy a Home Another way you can find off-market real estate is by letting sellers come to you. You can do this by creating social media posts or talking to friends, making it easier for people looking to sell their homes privately to contact you.
- Consult with Agents Real estate agents can always get information about property listings before they are put up for sale. By contacting them, they can always get in touch with you whenever there is a hot property going up for sale any time soon.
Find Hard Money Loans for Off-Market Real Estate
Now that you have found that exquisite off-market property you want, it’s time to buy it before it gets listed. However, the traditional mortgage process takes up quite some time, the time you don’t have. For this process, you need to find a reliable and trustworthy private lender like Capital Fund 1. Here, we always have your back.
Summary
Whether you are in Texas, Arizona, or Colorado, we are here for you. We ensure that you purchase that home as soon as possible. We have simplified our loan application process to only three steps. You are sure to get your loan in as little as 24 hours.
Are you intrigued? Do you want to learn more about what we have to offer? Visit our website today and learn about our simplified, easy hard money loan process. We can help you get that property you desire.