We are moving from out of state and looking to lease/option a home in the Center Grove school district. Min. 2500 sf and priced in the 200's.

Suet
Home Buyer
Greenwood, IN

Leasing our home, and can't buy until our tenants are able to buy ours.

Answers (5)
Tom Vornholt
Agent
46181

Give me a call.at 317-989-3323 as I may have a home for you.

Mon Sep 14 2009, 16:20
Brad Osborne
Agent
Greenwood, IN

Dear Future Johnson Co homeowner,

I have done a quick search and there is only 1 home listed in the Centergrove area that says it will take a contract to buy. The only problem is it is only 1800sqft. Which is a lot smaller than you have indicated you need. I am a Realtor that deals with the Centergrove area and will say finding a home in that price range on contract may be harder to find, but not impossible. We will just have to ask if they will take a contract. Please give me a call and we can talk about what you need and how I can help you find your home. I have dealt with relocations before and know that you have little time so I am willing to move quickly.


Please Give me a call,

Brad Osborne
Coldwell Banker
Greenwood, IN

317-258-3651

Web Reference: http://bosbornehomes.com
Sun Sep 13 2009, 18:12
Tony Wilson
Agent
Plainfield, IN

Suet,

Click on this link to homes in the Center Grove School District:

http://public6.superlativestudio.com/IDXMini.aspx?SegmentID=…

It would be a pleasure to assist you with your transition!

Thanks again,

Tony Wilson
317-354-7410
wilsonrealtors@live.com

Sun Sep 13 2009, 16:41
Tony Wilson
Agent
Plainfield, IN

Suet,

I have done a few transactions as a lease option to purchase. They can be a great opportunity for all parties involved. It sounds like it would be a great fit for you. I can email you some home in the area, if you like. All you have to do is pick out the homes that you are interested in and I can solicite those for the possibility of a lease-option. You definately need someone that has experience in lease options. They can be very tricky.
You can get started by visiting my website at: http://www.GreenwoodIndianaRealEstate.info

If you have any questions, please give me a call or email at: 317354-7410 or WilsonRealtors@live.com

It would be my pleasure to assist you with your transition!

Tony Wilson

Sun Sep 13 2009, 16:31
HHI Investing,...
Both Buyer and Seller
Hilton Head Island, SC
FIRST ANSWER

Hello Suet,

If you are asking if there are any L/O's in a specific area....chances are that there will be very few. Many Real Estate Agents tend to discourage their clients from doing anything creative such as Lease Options, WrapAround Mortgages, Contracts for Deed, etc. There may be a few on the MLS, but my guess is that (without even looking) I could count them on one hand. I probably shouldn't assume that....but in my experience, that is usually the case.

A better idea is to call up people from the local newspaper or on Craigslist that have their house "For Rent" and see if they would be interested in selling at the end of the lease. Some of these people may be renting because they couldn't sell with a Real Estate Agent or on their own in the first place. They had to resort to renting it.

If you can find a house you like and the seller/landlord is willing to do a L/O with you, make sure you retain the services of a quality & KNOWLEDGABLE Attorney or Title company that is familiar with this type transaction. BEFORE YOU MOVE IN, all the terms should be spelled out in the Lease Agreement and the Option to Purchase Agreement and everyone is perfectly clear as to their responsibilities.

If you decide to do a L/O with an Agent or listed property, make sure the Real Estate Agent has done one successfully in the past or that they are KNOWLEDGABLE in setting one up.

The LAST thing you want to do is enter into a "verbal" agreement or have things that are unclear 1-2 years down the road which could possibly cost you a bundle in legal fees. Another thing you may want to do is to get with your tenant/buyers and make sure they are meeting with a credit repair specialist so that you can increase the chances that they will buy your house sooner than later.

Hope this gives you a little more direction.

Darin

Sun Sep 13 2009, 16:31

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