How to buy without a down payment?
Would you like to buy a property but don't have the necessary downpayment? Here are a few recommendations and tips from our real estate brokers.
We’re often asked if it’s possible to buy without having the necessary downpayment? The answer is yes!
Sometimes you need a helping hand to buy your first property, or to start investing in real estate. But where can I find help?
1) Love money
Think of people you know who would like to invest financially in your purchase. It’s an alternative to traditional credit based on proximity and trust.
2) A sales price scale
Here, the seller finances your down payment. A balance of sale is concluded when the seller of a property partially finances the buyer. In exchange, the buyer pays interest to the seller, based on the agreed repayment term.
3) An endorser
An endorser can be very useful if you don’t have good credit. It could be a friend, family member or acquaintance.
4) Financial partners.
Do you have a flair for bargains and ambitious projects, but don’t yet have the means to carry them out? Find financial partners!
If you have any questions, please contact us!