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In a condominium, common expenses are the expenses of operation, set by the bylaws.
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A ballon payment is a final payment which is usually higher than the preceeding ones.
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   Real Estate Agent News:

Real Estate Agent Announces Web Site to Help Homeowners in Trouble and Buyers with Bad Credit

 March 23, 2006 -- Real estate agent and investor, Jason Sant, has created a web site designed to help home owners who are behind on mortgage payments, as well as home buyers who need help because they are unable to meet the requirements of traditional mortgage loans.

"This is a difficult economy that usually requires two incomes just to get buy, and often that leads to financial difficulties. When people get so far behind on their mortgage that they do not have the resources to resolve things on their own, we can provide them with alternatives to avoid bankruptcy, foreclosure, and further damage to their credit rating," explained Sant, a real estate agent with Keller Williams.

In addition to helping homeowners in financial difficulty, Sant helps people get a new home who could not otherwise do so.

"After a period of financial difficulty, people often find themselves with income, savings for a down payment, but poor credit because of their past. When they apply for a mortgage loan they are turned down. We are able to help people in that situation get a home they can afford and move in almost immediately," said Sant.

The non-traditional, and creative methods of buying real estate offered by Sant are explained on his new web site at http://www.BestFitHomes.com. The site provides information on how to stop foreclosure, how to rent to own, information for real estate investors, real estate seminars, and creative solutions for real estate problems.

"There are many peopl who know there is money to be made in real estate, but they just do not have the time to learn and then do all the work that is needed to succeed," explained Sant, a real estate agent with Keller Williams.

Business success comes through finding a need and filling it. Sant evaluated the real estate market and discovered that there are potential buyers who could not qualify for traditional financing. He also found that there are many potential investors who are intimidated by their lack of experience but know the rewards of real estate investing are high.

Sant designed a system that takes care of the needs of both, with all parties coming out a winner. This specialized service brings many benefits to investors.

"We obtain the property for our investor, and then do all the work of getting a qualified tenant through our lease to own program. The way we do this results in higher rents than traditional rentals, putting more money in the investor's pocket each month. It also brings a higher sales price for the home when the tenant is able to buy in the future, and because it is a lease option the tenant handles virtually all maintenance," said Sant.

Contact our Rhode Island Real Estate Agents


If you live in the following cities and need a mortgage broker you should contact our Rhode Island Real Estate Agents as soon as possible:

  • Barrington
  • Bristol
  • Central Falls
  • Coventry
  • Cranston
  • Cumberland
  • East Greenwich
  • East Providence
  • Johnston
  • Lincoln
  • Middletown
  • Narragansett
  • Newport
  • North Kingstown
  • North Providence
  • Pawtucket
  • Portsmouth
  • Providence
  • Riverside
  • Tiverton
  • Wakefield
  • Warwick
  • West Warwick
  • Westerly
  • Woonsocket
       
 
Did You Know?    
 
 
Fledgeling real estate agents need funds
Due to the irregularity of the paycheck it is adviseable for beginning real estate agents to have funds available until the commissions increase and until the paychecks are somewhat stable.

 
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Latest News
  Latest real estate agent news in Rhode Island and nationwide:

May 15, 2006 - Boston Residential Real Estate Condominiums Are Performing Well
Residential real estate contacts in the First District uniformly cite a continued slowing in the pace of sales. The Massac...
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Jun 10, 2006 - Stabilizing Housing Market In New York
New York’s housing appreciation stabilized, while housing sales have slowed

For the first time s...

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