Media Presence
Our rapid growth can be attributed to the attention we have received from media sources
seeking to understand how the We Buy Houses process has become a viable alternative solution to
buying and selling houses.
Read what the television shows and radio stations have said about us…
Today Tonight
"Now there is a new player in Australia aiming to help would-be home owners who have been rejected by the banks".
"So, if you're one of the thousands of families snubbed or rejected by the big banks because you don't have a huge deposit or credit history, We Buy Houses might just be the solution you need".
Reality Bites Program
The growth story of We Buy Houses as featured on the ABC.
2UE
Click here to Play
Brisbane Extra - We Buy Houses was featured on Brisbane Extra,
listen to these stories of how these people realised their dream of
home ownership...
Click here to Play > Broadband or > Dial Up
SBS-Insight
We Buy Houses Gives Away a House on Channel 7's Hot Property!
| Rick Otton, Director of We Buy Houses, gives a house away on TV in Sydney! Watch Channel 7s 'Hot Property' on Sunday 7:00pm on October 7th and October 14th to find out who wins! Looking to buy a house? To find out how you can qualify, contact one of our representatives for your area on our website. | 
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Media Releases
Here are our Media Releases to gain an understanding of what We Buy Houses does and can do
for you… Not only can we support your current situation we can also assist in future
to support your personal financial situation by investing in property yourself…
Click to view > HELP FOR HOME BUYERS
Click to view > HOME FINANCE MADE EASIER
Click to view > VENDOR FINANCE LOCKS IN PROFIT FOR RETIREES AND INVESTORS
Media Release 1
HELP FOR HOME BUYERS
Families are finding the rising cost of house prices across Australia is making the prospect of buying and owning a home, through traditional financial channels, beyond their reach. However a new, fresher approach to buying and selling houses, one that's been used for decades within commercial property sectors, is fast becoming a mainstream feature in residential real estate: vendor's terms, often referred to as vendor finance. Already vendor's terms has helped thousands of families achieve the dream of owning their own home.
So what is vendor's terms or vendor finance? The vendor, often an individual or company sells a house and unlike traditional lenders, is prepared to provide favourable, personalised terms and repayment options to enable potential home buyers to secure the home. The stipulated terms normally include a lower-than-average deposit and monthly repayments equal or close to the buyers present rent, making ther terms very attractive to families who have experienced difficulties securing home ownership from traditional lenders.
Vendor's terms, also known as 'terms finance' as the terms of the house sale are defined by the vendor. Applicants are still required to show they have a regular income, a bank account and a satisfactory payment record to qualify for the house, but the criteria is less rigorous than traditional lenders. Self-employed workers and those with no savings history or bad credit are often welcomed.
As vendor's terms, or vendor finance, becomes part of every day real estate vocabulary, a non-profit organisation called the Vendor Finance Association Incorporated has been formed to make it easier for members of the public to find out more information about buying a home using vendor of terms finance.
Association President Rick Otton explains: “Vendor finance is used everyday in the UK, USA and Australia and is greatly beneficially to people wanting to become home owners but have previously been rejected by other lending institutions.”
Otton makes clear that buying a house through vendor finance can be a better alternative to renting as home owners get to keep any equity that the house accrues as opposed to families who rent.
Otton explains the primary aims of the Association:
1. To promote vendor financing
2. To provide balanced and accurate information to buyers
3. To develop and maintain a code of ethics for all Association members.
Contact with the Association may be made through the address below.
Media Release 2
HOME FINANCE MADE EASIER
Residential real estate investors across Australia are fast discovering a new portfolio building strategy: vendor finance. Experienced investors will however argue that the approach is not new as vendor finance has been successfully used, for decades, in commercial property deals. What is new is that vendor finance is fast becoming a mainstream feature in residential real estate.
The basic concept of vendor finance is selling a house on negotiated terms using a bespoke contract to suit the purse of the buyer who often does not qualify for a traditional mortgage. Often the vendor will pay a mortgage on behalf of a buyer in exchange for a low deposit and monthly repayments which are sometimes charged at slightly higher interest rates. Buyers are happy to pay a slight premium for the opportunity to become home owners, a dream that was rejected by every other financial institution. Buyers perceive the benefits of home ownership as they personally gain any equity that the house accrues and escape the dead-money cycle of renting.
After twelve to eighteen months of paying installments to the vendor, a good credit history forms allowing the home owner for the first time to qualify for a mortgage with traditional lenders. Vendor finance is often a short-term fix to gain long-term profits.
To attract investors to real estate, a group of property vendors has formed a non-profit association, Vendor Finance Association Incorporated. Rick Otton, President of the Association explains the primary aim is to support and protect the intersets of its members as it grows to become a mainstream way of selling property in Australia.
The Association also aims to disseminate accurate information on vendor financing to the public, to investors and the media whilst developing an ongoing relationship with Federal and State Governments who are always keen to foster home ownership.
For further information contact the Association at the address below.
Media Release 3
VENDOR FINANCE LOCKS IN PROFIT FOR RETIREES AND INVESTORS
Investing in property is quickly becoming one of Australia's biggest hobbies and often viewed as an easier and more accessible return on investment than shares. High profits from property also make it much more appealling than simply depositing savings in a high interest account and waiting for retirement, particularly as a new type of property strategy is quickly claiming a successful following in residential real estate: vendor finance.
“With the property market bound to improve with lower interest rates, vendors, especially soon-to-be-retirees should lock in capital gains and secure better income streams with vendor finance,” said Rick Otton, President of the Vendor Finance Association
Otton explains that although it may not suit everyone, many overlook the options and benefits available to them through the use of vendor financing the sale of their property: “Many people, especially those close to retirement sell their home for cash in order to unlock capital which they then deposit in a bank in order to receive an income stream...and at a time when bank interest is going down,” said Otton.
An option may be to use vendor finance e.g. sell the house using specific terms which are favourable to the seller and buyer and include a payment of cash from the buyer as a non-refundable deposit. The contract will also state the buyer has to pay monthly payments for the duration of the balance.
The benefits of such a transaction, particularly for retirees are three fold. Firstly, the interest rate paid by the buyer of your house is higher than the bank would pay on your deposited funds, therefore increasing the size of your monthly income stream.
Secondly, if you are asking potential buyers for a deposit substantially less than banks require, the sale of your house will attract more possible buyers who are prepared to pay a little bit extra for the house than market value, and sometimes pay slightly higher rates of interest on your funds for the unique opportunity that you present to them; becoming a home owner.
Thirdly, the sale is relatively easy and does not even require a real estate agent and therefore no commission charges. Whatever terms you agree to with your buyer are put into contracts prepared by solicitors paid for by the buyer. You also retain the house as security if the sale falls through.
Otton also makes clear that vendor financing is not only advantageous to property investors but also the large percentage of Australians who do not qualify for a mortgage: Vendor financing allows them to own their own home and gain any profits that the house accrues in equity, unlike families who rent.”
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