However, you always want to find the best available home in the market when you are ready to purchase a home rather than being too fixated on one property. This may give the seller unnecessary leverage. When buying a home, having many options will allow you to secure the best deal. Furthermore, you may be able to find a home that is more suitable for your families needs at a reasonable price. This may also allow you to purchase your home sooner than expected.
For direct consultation, feel free to call me at (714) 724-1841 or email me directly at firstname.lastname@example.org.
Call/text anytime: 714-343-3991
Keller Williams Realty
I have at least 3 great lenders who have excellent 90% LTV loan situations, including FHA which only requires 3.5% down.
As he indicated, home prices are going up - if you wait for another year or two, the home you want might be 20% higher priced, than it is now.
Both today's interest rates, and today's home prices might look like a bargain two years from now.
Ask your landlord whether he has already chosen his listing agent, and whether he has also determined a list price, and then tell him that you will select an agent of your own - there are some great choices on Trulia, including me - have YOUR agent run the comps - to see if the price will be reasonable - and submit a fair offer, from your agent, to the landlord's agent.
I closed escrow a home in Coto like this ( A tenant buying the rental they were living in.) last summer, that never hit the MLS, and it was a short sale, where my tenant/buyer got a great buy! ( A $900k purchase, with less than 20% down.) Their house is now worth at LEAST 10% more than they bought it for!
I would love the opportunity to help you with this situation. I have a few buyers who are looking for an investment opportunity like this where they would want to lease the house back to you or sell it to you after the qualification period. I would love to discuss these options further with you and help with this process and finding the best option for you. Please contact me anytime.
Keller Williams Realty
Please shoot me an email directly with the address, so I can see how big the house is, bedrooms, location & figure out what the fair market value is right now, please also let me know how much you're paying in rent.
I don't look back on this same Trulia posting for answers posted after mine.
Emily S. Knell
Realtor Since 1996
Realty ONE Group
Short Sale Listing Agent w/ 99% success rate
Try to look for an investor who will finance the house and lease it back to you.
Serach for a Real Estate investment club in the area.
There will be plenty of people willing to do this if the numbers work for these individuals.
You can go to these group as a guset and will see many investors .
Better Homes & Gardens Gary Greene, Realtor Katy/Houston
Fax: 281-646 1841
"The highest compliment I am ever given is when
I am referred to your family & friends!"
Save on Electricity/Gas & get it for FREE http://www.EZNFree.energy526.com