Tom Filieo, Home Buyer in Englewood, FL

I am looking for a rent with option to buy pool home in the Englewood, Port Charlotte area. Will close the sale within 60 days for CASH. Thank You.

Asked by Tom Filieo, Englewood, FL Sun Aug 4, 2013

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Tom sounds like you are looking for investment properties where you leverage your option for 60 days. I am familiar with the type of sales I think you are trying to obtain. Please contact me at or (941) 270-HOME We have an agent that specifically deals with these type of properties on a regular basis for a similar investor.
0 votes Thank Flag Link Mon Aug 12, 2013
Tom, do you mean you need to move in and rent until you close. That could be a reasonable request! Call me and I'll help you 781-799-7570 Claudia
0 votes Thank Flag Link Sat Aug 10, 2013
0 votes Thank Flag Link Sun Aug 4, 2013
I have not seen any rent to own homes in this area. There are a few that are listed as owner or seller financing, but they require 20 to 30% down and with a much higher interest rate than the going rate. If you can provide your search criteria, I can send you the current seller financed listings to review.

Tammy Hayes, Realtor
Re/Max Palm Realty
0 votes Thank Flag Link Sun Aug 4, 2013
Tom: Your request leaves out a number of required facts for one to be helpful in finding you what you want. Questions such as what size home are you looking for, what type of setting would you prefer to have your home in, what cash price range are you looking at, do you have a construction preference, and what time frame do you have to acheive this are a few that come to mind. Should you like to discuss this further with a realtor, I would be pleased to offer my assistance.

John Riche, Exit Realty Welcome Home
0 votes Thank Flag Link Sun Aug 4, 2013
Hi Tom,

Your post is a bit confusing. You first state you are "looking for a rent with option to buy" property. You conclude by stating you " will close within 60 days for cash." Are looking to purchase or identify a "lease option?"

The fact of the matter is most people really don't understand how a lease option works. Sellers usually require a large non-refundable deposit to protect their investment. The terms involved in these agreements are created by an attorney usually hired by the seller.

Good luck,

0 votes Thank Flag Link Sun Aug 4, 2013
With Tax Deductible interest and rates so low, why would you want to sink so much money into DEAD EQUITY?

Example: a rate of 3% in effectively 2% less after you factor back in the interest write off, making it an effective payment rate of approx. 1%!

Do you feel you'll get a better deal with a Cash Offer? Yes you may be right, but as long as you can Prove you can pay cash, you can still get a great deal and financed the transaction too.

The reason sellers like cash deals are because they know they will close, but if you can show you have the funds in the bank to pay cash, giving the seller the security of knowing the deal will close no matter what, generally that can understand why a buyer would not want to sink all their money into DEAD EQUITY!

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0 votes Thank Flag Link Sun Aug 4, 2013
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