Bob Canaday

Experience:

Bob Canaday since 1995 attaining platinum status (over $250,000 in annual commissions) in 1998, 1999, 2000, and 2001. Bob achieved chairman club status (over $500,000 in annual commissions) in 2002, 2003, 2004, 2005, and 2006.

Aided by an experienced team of support staff, Bob surpassed $31,000,000 in sales volume and had 291 transactions in the year 2006.

Along with traditional residential real estate, Bob specializes in two other areas.

The first is buying and selling bank foreclosures and as-is properties. This operation is complimented by Rainbow Properties, Inc., which has been owned and operated by Bob Canaday since 1998. Rainbow Properties, Inc. is a residential remodeling contractor that is available to renovate as-is properties with no job too large or too small.

The second is matching marginal credit buyers with hard to sell properties. One example of this special financing system is to sell a home with a 90% loan from the bank plus a 5% down payment from the buyer plus 5% owner financing from the seller. Another example is an 80% loan from the bank plus a 5% down payment from the buyer plus 15% owner financing from the seller. This special financing works very well for slow selling properties and for buyers that do not have “conforming” credit.

Method #1 – If you need a very fast sale (less than ten day closing) our affiliated company, Rainbow Properties, Inc. will purchase most properties. This will be a cash as-is sale.

Method #2 – If you have a little bit of time (approximately 30 – 60 days) we can usually get you more money by marketing your house as-is. We advertise your house to all cash investors including all the “mom and pop” cash investors. Our goal is to have you clear at least $5,000 more than we can offer or that you can get by calling other large investors.

Method #3 – We will advise you on what repairs would be needed to sell your house to someone who is going to live in it. For this method you will need to be prepared to pass the buyer’s private home inspection, a possible FHA inspection, a possible municipality occupancy inspection, a termite inspection, and a furnace inspection. This method takes more time (30 – 120 days), but as long as you can afford the repairs and have the time you should get the most money from this method.

Most as-is purchases require cash, line of credit, or the use of a specialty lender who has experience in the purchase of as-is properties. Our processor Carol Farley can assist you in obtaining credit through one of these specialty lenders. Carol can be reached at 636-379-3699.

Click onto our “foreclosure” link at the top of this page for a list of as-is properties including HUD owned properties (which are FHA foreclosures).

Click onto our “homes for sale” link at the top of this page for a list of our current listings. Many of these homes offer partial owner financing which will allow investors to purchase with a small or even no down payment. Also, many of the sellers who are offering partial owner financing will consider a substantial discount for a cash investor offer.