Rent to own is never a good idea. It never benefits the renter/buyer. If you can afford rent then you can most likely afford to buy it..
Unless the banks change their waiting / seasoning periods, you will be looking at about 3-4 years before a lender will consider you for a loan. With the banks having so much inventory, you would think that they would shorten the waiting / seasoning time frames. However.....there is way to purchase a home without having to go through a bank. I deal with several investors who are purchasing properties to "flip" and others to rent out. In some cases, they sell the properties while assuming the bank's position as the lender. In other words, they will "carry" the loan...
If you would like more info on the issue, feel free to give me a call or email me back in order to discuss further....... more
You did not say what the sale price is, so don't know exactly what the expenses would be. but you are responsible for items like, Title Policy, Recording fees, Notary, Termite if you are providing the certification, Natural Disclosure statement, escrow fees Plus your brokerage,. I would recommend you ask the escrow for a copy of the closing statement.
Also, you will need to compare it with the Purchase agreement to see what you agreed to pay for.
If you have further questions, you can reach me at 951-312-8473. or contact a Real Estate Attorney... more
I'm sorry to hear that you haven't received responses to your inquiries.
Our team does our due diligence to return every inquiry, email, phone call, etc. that is forwarded to us by Trulia. We find this site to be one of the best tools for our client's.
If you have any questions, please feel free to contact our team.....we do respond!... more
You can visit http://www.riversidecountyluxuryhomes.com/home-evaluation.html for all home comps (it takes a few seconds to load).
I hope this helps!
If you have any questions, feel free to contact me.
Joey Dodge, MBA
Joseph Dodge Real Estate
Direct: 951.966.1389... more
You might be...check with the escrow company to see what their proposed close of escrow is. When funds are coming from a down payment assistance program sometimes the funds are actually received in escrow prior to receiving the documents.
Also ask your real estate agent for a status on close he or she should be coordinating the close of escrow with all of the parties involved.
Good luck and congratulations on soon becoming a homeowner!... more
Are you working with an agent?
If your bid is accepted, they will have to provide you with the HOA Documents, CC&Rs and Bylaws. It is part of your inspection process.
If you have more questions about Villages of Avalon and the monthly fees call the Association.
The Prescott Companies (Property Managment for Villages of Avalon)
Welcome Home Real Estate & Finance
53 La Serena Ct.
Alamo, CA 94507
HOA is a set fee you can call the management company to find out what the charges are and what they cover. It is also a good idea to ask if there are any special assesments or assessments currently being talked about or voted on. For utilities I would ask neighbors- what they typically spend. Hard to say what they would be because everyone uses uitlities so differently- depending on how many kids etc.
Good luck with your bid!... more