If you are interested in a renovated home in Taylor, Texas (built in 1915, lots of charm, CH/CA, WD conn.) please contact me. It has a beadboard, high ceilings, double hung tall windows, new kitchen, new bath, french doors, ceiling fans, large L-shaped porch, fruit and pecan trees on 1/4 acre. I can provide pictures, and would be willing to lease to you for one year prior to purchase. Eamil: mgmtprop@gmail.com
Thanks!

You pose a sensible solution to a market issue but there are many variables in the answer! Many vacant homes are foreclosures and relocation company assets. They absolutely do not allow leases with options or lease/purchases. There are very few homes that the seller would even be able to consider leasing because of the seller's financial situation.

Lease/Purchases and a Lease with Option to Buy are two very different situation. A lease purchase is a bit simpler - you lease the home with a designated part of the lease payment ($100-$200 per month) being applied to a future down payment should you decide to purchase the home at a later date. A "Lease with option to buy" requires a sizeable down payment (the "Option"), a purchase contract because the price of the home is negotiated at the current market value ,and then the services of an attorney. An attorney is required because the Lease with Option falls outside the scope of the Texas Real Estate license - hence why your questions were not greeted with enthusiasm by the agents you contacted. You stand to lose the Option Fee if you don't exercise your option and purchase the home at the specified later date. I hope this informaiton helps!

I do have some additional information for you on the lending end of things. I did some checking and have found that there is only one lender that does international loans, Compass Bank. Send me an email and I will email the info to you that I have recieved. I look forward to it!

Angela Hill
angela@angelakhill.com

Actually there are several ways to approach what your wanting to accomplish. One option actually is to do a purchase contract with a contingency on it. What that means is that if the sale of your home there doesn't go through then this one doesn't either. In order to do a lease purchase as you are suggesting, it would have to be approached on an individual basis. By that I mean, we'd just have to ask and see what happens. What's the worst that can happen...they tell you no! You move on to the next one, that's all. I'm a big believer in "everything is doable" and I don't take no well. Personally, I would want to consider every option available to my seller's, and have always tried to do so even when its going to cost me. With out making this all too lengthy, there are pro's and con's for all options available to you so please feel free to contact me directly and I'll be happy to educate you so that you can make a decision that is best suited for you.

As far as financing goes, basically contacting a lender is all that you would need to do to see where you stand in that respect. I have several who may be able to help you and will be experienced with dealing with your type of situation. Wouldn't think it would be that difficult to do as you can't be the only European's who maintain residences in both places!

Don't let the issue with Buyers or Sellers agents confuse you. We are all buyers and sellers agents as all of us work with both. In actuallity all that means is that they may have attended a class which gives them and additional accredidation, which is good don't get me wrong! But there's nothing like good ole experience to qualify you nor does it make all agents any better at their job! Some people claim an expertise in one area more than another, and they may have that, however, in order to survive in this business you better be doing both!!!

I hope I haven't confused you more than you already are. I do hope I was able to answer some of your questions. Please feel free to contact me directly at the info below and I'll be happy to elaborate more on your options.

Good Luck,
Angela Hill
903-714-4365
angela@angelakhill.com http://www.angelakhill.com

Happy to assist you are you searching in Tyler area? Or Dallas?

I do consultanting for many across the world

I personally own a property in Dallas either lease, lease purchase, for sale

National Featured Realtor and Consultant, Mortgage Loan Officer, Lecturer regarding Credit Repair
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