Beneficial Tools Used by Private Money Lenders Arizona
When you get a property approval, it is guaranteed that funding will happen on that property. The exact amount of funding is to be determined once the full evaluation is done and then you are going to get all kinds of information on that as well.
At Private Money Lenders Arizona, you can buy them for $ 95 and you will get a computer generated evaluation that we find to be accurate 80% of the time. It is not always accurate. I am not going to make any claims or assertions that it is. We find it to accurate 80% of the time and it is going to tell you what the value is, the probable value, the likely value and it is also going to give you a confidence level as to how confident we are that value is accurate.
So confidence may be very accurate or somewhat accurate or not accurate or completely off. And then 80% of the time, we find those values to be within reason. 20% of the time, the values are off. Of that 10% of the time the values are completely off and 10% of the time the values are somewhat off. But in addition to that you also get a property approval, which basically is a certified report that guarantees that Private Money Lenders Arizona will provide financing on this property and that is important to you because you do not want to spend time, money or energy without knowing if the property will be able to get funding.
Now the exact amount of the funding is not addressed because that cannot be addressed until the full evaluation is done. So you are guaranteed a funding will happen. The exact amount of that funding will be determined once the full evaluation is done. So lets say, you are purchasing the property for $80,000 and you get up property approval, which means funding is guaranteed and the evaluation comes in and the funding is going to be for less than $80,000.
That is really simple you will just have to bring a difference in cash or not do the transaction. So lets say, that it gets approved for $75,000 based upon the on the ground evaluation 75,000 one say and you have to come with $5000 to make up the difference on that but the funding will happen.
Thanks for joining us at Private Money Lenders Arizona. Happy Investing.
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