A new survey from
In light of this report,
"Buying a house when you're single has become tougher in the past few months due to the accelerated increase of house prices around the country. Under a traditional process, you need a lot of money to get in; a resource which is limited when you're entering the market alone. As an alternative solution, a number of singles choose to take the journey of homeownership with their family and friends, in the absence of a partner. But I can't recommend everyone to follow this strategy without first mentioning the risks co-signers face,"
"Remember that if you default on your payments, there's a risk that your co-signers may lose their home, if they use their own property as a guarantee or collateral for your home loan. So if your parents co-signed the loan, they may be forced out of their house during their retirement. And this is a scenario you should avoid at all costs," he continued.
"Having a partner or a co-signer is not a requirement when buying a house. What people need is a strategy that helps them get a house without applying for a new home loan or paying a large deposit fee. And that's what seller finance strategies offer to everyone with the right mindset about the market right now," he said.
The We Buy Houses Radio is a weekly broadcast featuring
Australian property investment specialist,
His innovative low-risk, high-reward approach to Australian real estate investing has been featured in a variety of television programs and magazines, including Today Tonight, Hot Property and Australian Property Investor. His real estate book, published in 2012, ''How To Buy A House For A Dollar', voted by
As well as conducting free seminars, workshops and conferences in the
Go to WeBuyHousesRadio.com to listen to Rick's free podcasts.
Read the full story at http://www.prweb.com/releases/2014/06/prweb11980567.htm
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