Hi Treasure2u2003! Please feel free to contact me at 470-210-SOLD (7653) or email@example.com. I am an agent who has resided in Jonesboro, GA since 1999. I live, work and play in Clayton County and would love to show you my city and help to make it your new home. I look forward to hearing from and working with you soon. Please visit my companies website at www.crye-leike.com. We have an awesome department which focuses on relocation services.... more
I do not suggest doing lease purchases/rent to own. There are simply way too many things that can go wrong with one from either side.
In order to do true owner financing, the owner must own the property free and clear of any mortgages. Very few sellers are going to be in that position.
If the property currently has a mortgage on it, the owner cannot legally transfer the title to a buyer without the mortgage first being paid in full. Most all mortgage loans have a due on sale clause. This due on sale clause requires that the mortgage be paid in full should a title transfer occur.
The buyer is also at great risk on a lease purchase transaction should the seller quit making their mortgage payments. Right now, many sellers cannot afford to make their mortgage payments or simply chose not to continue making them. I have seen where the buyer is making their rent payment, but then the owner is not paying the mortgage. The next thing the buyer knows is that the home is in foreclosure. That means the buyer will generally not get back any of the money they have given as earnest money or security deposits.
It is also a big risk on the buyer. If your credit is not where it needs to be now, there is no possible way of you knowing it will be acceptable in a set amount of time.
Before entering into any type of agreement like that, the buyer needs to make sure that they fully understand the potential pitfalls that could arise. Should the seller default on the mortgage, the buyer could lose ALL of the money that they have invested. Until you are able to purchase, renting is generally the safer option.
Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options to see if purchasing might be a possibility for you. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.... more
Unincorporated Jonesboro is quiet, tree lined and peaceful. We are minutes from Rex, Stockbridge, Morrow, and Henry county. I675 and I75 are accessible to this neighborhood. Welcome to all prospective home owners.... more
I will set you up on a "automatic update notification" = This will scan your area of interest (Lake Spivey) daily and send you an email and/or text message to review the property that becomes available daily. If you like it, we can immediately schedule an appointment to see it. Inventory has shrunk significantly, so speed is critical! Please contact me ASAP.
Max Wright (Realtor) with Keller Williams Realty Atlanta Partners (770) 912-5099
PS: I'm also a mortgage banker (20 years) - If you need advice on your application for a new house and how to get the best interest rate. Website: YouAreReadyTomove.com... more