Home Buying in 30339>Question Details

lwilliams961, Renter in Atlanta, GA

Looking for Dec1 rental in 30339 or 30082. Lived in Paces Mills 2 yrs.ago a few yrs. Can negotiate with owner to hold property.?

Asked by lwilliams961, Atlanta, GA Sun Aug 18, 2013

Condo, Townhouse, or Home
2-3 Bed and Bath
Upgrades specifically in the kitchen and bath
Preference 30339 but 30080 is good.
2 year lease option offer
I am particularly interested in Glennridge Point, Vinings Point, Paces Mill, Vinings Mill etc.
Condo, Townhouse, or Home
2-3 Bed and Bath
Upgrades specifically in the kitchen and bath
Preference 30339 but 30080 is good.
2 year lease option offer
I am particularly interested in Glennridge Point, Vinings Point, Paces Mill, Vinings

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Answers

5
Am Mrs Laura, i got my loan of $30,000 from a loan lender called Mr Sam Cole. So if you are in need of a loan to buy a home, i will advise you to contact Mr Sam Cole on his email address; samcoleloancompany@yahoo.com
0 votes Thank Flag Link Mon Aug 19, 2013
Ms. Williams, I have not received your text yet.
0 votes Thank Flag Link Mon Aug 19, 2013
You might be able to negotiate better if you tell the owner that you intend to buy sooner than later. What's the holdup?

Your credit may not be as bad as you think. What you see and hear on the street is not conducive to what really exists.

There are lenders who work with 580 credit scores.

Private money allows scores down to 3 (that's not a typo). If you have money to put down, or the property has equity moving in or combo of both, you can at least buy the property and then refinance later when your credit gets better. Worse case, we'll have someone buy the house for you (must have a certain amount of equity in it moving in) and then lease purchase it back to you. This opens your prospects even more because you don't have to worry about an owner holding out for you.

Do some digging yourself. Ask around in the places you want to live and find people who just don't want to live there anymore but they owe more than the value of the property. Perhaps they'll be more willing to work with you because it gives them an "out". You can also get a better deal with pre-foreclosures or pre-sales as some owners would rather pay a little out of pocket each month than to tarnish their credit or have to pay a full amount each month:

"Would you be willing to pay $100 of the existing mortgage out of pocket if I'm willing to pick up the rest?"

The only issue with lease purchases from someone who owe's money on the loan is that they may spend the money elsewhere and still default. You have to insist that you pay the lender directly each month (with a check). You have to pay with a check to give you proof of payment in case you have to go to court and also to show your next lender that you have been paying rent.

Please, use a Realtor when writing up a lease offer. There are so many ways to be taken advantage of on these deals: Who pays association dues? Who pays repairs and of how much cost minimum? How to get out of the contract if needed?

Get everything in writing. If it's not in writing, it didn't happen.
0 votes Thank Flag Link Mon Aug 19, 2013
Mr. Williams,

I have a town home listing coming up in Glenridge Heights that I'll bet you would love. However, this landlord is looking for an October 1st tenant.

As a rule of thumb it is a good idea to start a serious search about 45 days out as most landlords do not want to lose what in this case could be three months of rental income.

I'd like to help you and think it is a great idea to start a conversation at this point so that I can keep a lookout for a home that you will love in the areas you want to live in. Please give me a call if you think I can help.

Patricia Queen
Keller Williams Realty Atlanta Midtown
404-388-0400
0 votes Thank Flag Link Sun Aug 18, 2013
Hi Pat
Is that Glenridge Heights or Point? Oct 1st actually would only be a sixty day hold. My move in date is Dec 1st. I am prepared to discuss options for the owners to consider working with me on the Dec 1st date, after I have has an opportunity to veiw the home. I will contact you via text on Monday 8/19.
Flag Sun Aug 18, 2013
LWilliams,

Give me a call/text. Let's get you in the area!

Anita Lee
678-428-5229
Better Homes & Gardens Real Estate Metro Brokers
anita.lee@metrobrokers.com
0 votes Thank Flag Link Sun Aug 18, 2013
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