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School Reports in Buncombe County, Henderson County, Madison County and Asheville, North Carolina
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Real Estate Tips
Financing Your Home >Bridge Loans

What if you hear one day that the house you have coveted for years is on the market. Out of curiosity, you might call your real estate agent and arrange to see if the inside of your dream house is as terrific as the outside. It is, and you fall in love with the place. The sellers need a relatively fast settlement, and are not in a position to accept an offer that is contingent on selling your home before closing on the new one. While you are confident your house will sell fairly quickly, you cannot be sure in a fluctuating market.

A bridge loan might be your solution. Many lenders specialize in providing short term loans for just this type of situation. The principal and interest is paid back when you close the sale of your present house. If the market in your area is strong and there is a good possibility of selling your home quickly, or if you are willing to offer your home at a price that will make it attractive in a sluggish market, then a bridge loan is a tool that could make the home you love a real possibility. A good real estate agent and a knowledgeable loan officer are the team you need to work it out.

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Real Estate Trivia
Q 
Where is the world's tallest apartment block?

A 
The 100-story John Hancock Center in Chicago, Illinois is 1,127 feet high; floors 44 through 92 are residential.
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The Jim Buff Team, REALTOR®, real estate agents and broker for Buncombe County, Henderson County, Madison County and Asheville North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

The Jim Buff Team
Keller Williams Professionals Realty

86 Asheland Avenue
Asheville, NC 28801
Tel: 828-771-2310
Fax: 828-771-2311
Email: email@jimbuff.com

Jim Buff specializes in North Carolina Real Estate and Luxury Homes, Land and Condo sales. Put success on your side, call Jim!


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