Home Buying in Loudon>Question Details

SJ, Real Estate Pro in 06457

Would like to find a rent to own or partial owner financed home in Loudon. Any ideas how I can find motivated owner to work with us?

Asked by SJ, 06457 Sun Jun 6, 2010

Family of 3 looking for a nice neighborhood would like to move by August. Expected date to purchase 1 year but very flexible.

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Hey there SJ...

I wrote in my blog different ways to find a Lease-to-Own property with and without the assistance of a Realtor. Here is the link:

http://www.trulia.com/blog/hhi_investing_llc/2010/04/what_wa…


As stated in earlier answers, it's key to find PROFESSIONALS who are familiar with the whole lease-to-own process. That includes a Real Estate Agent(if you choose to use one), a Real Estate Attorney, Credit Repair Specialist, and especially a Loan Officer/Mortgage Lender. If you work with the Lender from the beginning, it will make it much easier come closing time......AS WELL AS......making you look serious to a potential landlord/seller because you can tell them that you already have someone putting the steps in place for you to buy the seller's property.

The more "warm & fuzzy" you can make the landlord/seller by telling them how you are going to go about the whole process, the better. You want to educate yourself as much as possible so that if the seller has an objection, you can come right back with a positive to their negative or do a point-counterpoint discussion.

Best wishes!

Darin
Lease-to-Own Professional
Independent Consultant
0 votes Reply Flag Link Sun Jun 13, 2010
SJ your easiest answer is to find a buyer broker from this area that is expereinced with lease purchases. They can search the MLS for rentals they may want to offer a purchase as well. If there is not any rentals, they can call listing agents of area houses for sale, and ask if an owner would consider leasing with the option to purchase.

You should meet with a local bank or mortgage broker to find out how much time you will need to get a mortgage, what price range you qualoify for and what you will need to do to be able to get a mortgage in the future.
Web Reference: http://www.ScottSellsNH.com
0 votes Reply Flag Link Sun Jun 13, 2010
Hello SJ- I can probably help you out a bit with this. Maybe you can PM me further.
What is your monthly budget?
Thanks,

Ken L.
0 votes Reply Flag Link Tue Jun 8, 2010
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