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Old 07-15-2007, 10:30 PM
 
Location: Currently live in Canyon, Texas
7 posts, read 23,918 times
Reputation: 10

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Since it seems as if several people are interested in moving to Lubbock, I thought I'd mention a pretty good deal as far as real estate goes. The market is completely saturated with homes in the $90-120K range. I've noticed that because of the rise in interest rates, it'd be a good time to assume a loan from an owner. The recent housing boom allowed many people to get into homes very cheaply -- as a result, many homes for sale have low equity. You might find out about a loan assumption for financing. It's easier, cheaper, and often quicker to do.

I own a home that was on the market for 2 days when we bought, but since we now have to sell and move, it's been on the market over a month. I would love for someone to assume the loan - they'd get a 5.5% rate and just pay us the (very low) equity we have! If you know more about this, please let me know. It seems like a really good deal for buyers.
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Old 12-12-2007, 09:08 AM
 
3 posts, read 8,027 times
Reputation: 10
If you haven't sold the house in Lubbock yet, try putting it on homeinlubbock.com. Sounds like a deal someone might like to get a hold of...
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