Having no credit is more common than you may realize. Around 45 million Americans have no credit score. If you have never had a credit card or taken out a car loan or mortgage, you may have no credit score. Those who have had credit cards and loans in the past may also have trouble if they have completely paid off their debt and haven't had any new loans or used a credit card in recent years.
Coming across home listings that state they are being sold "as-is" is not something that is uncommon in the world of real estate. There are many homeowners who choose to sell in this manner, and as a buyer, you should understand both the risks and rewards you face when choosing to purchase an as-is home.
The risks of buying as-is
An as-is home that is listed for sale is a home that comes exactly as you see it.
The condition of the local real estate market is a determining factor in the speed at which a single-family home is likely to sell and the price it will ultimately bring. When the market is competitive, as many across the nation currently are, buyers must up their game and come fully prepared in order to have the best chance of getting their offers submitted, noticed, and accepted.
But even though competitive real estate markets are good for sellers, they still bear the pressure of making sure they do everything they can to attract and hold the attention of highly motivated, well-qualified buyers.
Owning a luxury home is one thing; selling one is quite another. You want your home to sell on the market as quickly as possible, but you know that getting a pricier and more glamorous home to sell in any market can prove to be difficult.
This is especially the case if you live in an area where luxe homes are not the norm or if you have had many custom features added to your property to make it even more unique to you.
Are you looking for single family homes that you can call your own? There are so many homes on the market that it can be hard to narrow down your options. Or, you have the opposite issue and can't seem to find the right listings to make your homeownership a reality. It's hard to look at home after home and not find what you want, and it's even harder when there are not many options seemingly available to you in the first place.