Home Buying in 19118>Question Details

Minx J, Home Buyer in 19118

Greetings, I am a renter hoping to find a lease purchase option. Ive been at my present location for 3 years and I'm now paying $2200 a month in

Asked by Minx J, 19118 Wed Apr 7, 2010

Chestnut Phila. After checking my credit report I do have fair credit. I would like to stop renting and actual own if I could fine a fair situation..
Area of interest 19118, 19119 (upper west), 19038. If anyone can advise I would appreciate the help.

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I also recommend contacting a mortgage broker. Interest rates are still at a low level which will help with your purchase.
0 votes Thank Flag Link Tue Oct 29, 2013
I can help you check out http://www.phillycentrciysale.com
0 votes Thank Flag Link Mon Sep 10, 2012
Minx,
If you don't mind me asking, why do you want a lease purchase? It is more adventagous to do a straight purchase. With a $2200/month rental payment you could be paying for your own $300,000 home in Philadelphia or a home in the Suburbs for slightly less (due to higher property taxes). All you would need to put down is 3.5% with an FHA loan which you could receive as a gift if you did not personally have it. In the areas of that you asked about we definetly have homes on the market that would fall in or below this price range.

I would be happy to help you with your home search.
Best Regards,
Carmel

$8000 First Time Home Buyer's Tax Credit Will Expired on April 30th 2010


Carmel Archdekin
REALTOR
Coldwell Banker Preferred
223-225 Market Street
Philadelphia, PA 19106
Office: 215.923.7600
Cell: 215.680.5998
EFax: 215.940.8207
http://www.cbpref.com
WINNER OF 2008 COLDWELL BANKER ACHIEVERS SOCIETY AWARD
0 votes Thank Flag Link Mon Apr 12, 2010
Hi Minx.

if you can give me a call I would like to see if we can help you in that area of home buying.


Thanks


Dawn Fussell
215-356-3926
dawn.fussell@realestate.com
0 votes Thank Flag Link Wed Apr 7, 2010
First, go to a good mortgage broker and see whether you're actually qualified to purchase. I read a statistic somewhere that 10% of the people who are interested in lease-options (and go so far as to contact a mortgage broker) actually are qualified to purchase. I know that's been my experience with people wanting to lease-option.

Second, to find lease-options, read my blog at http://www.trulia.com/blog/don_tepper/2010/03/how_you_can_fi… That'll tell you (and your Realtor if you use one) how to find lease-options.

Hope that helps.
0 votes Thank Flag Link Wed Apr 7, 2010
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
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