Home Buying in 74960>Question Details

Candy, Home Buyer in 74960

i would like to buy a small farm in stilwell oklahoma ,rent to own both of us r on ssi but plan on living here the rest of our lives,currently rent

Asked by Candy, 74960 Sat Jan 15, 2011

i own land in stilwell,and wouldnt mind having a prefab pole house or metal house builtb on it

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Are you still in the market for a small farm? What price range do you expect to be in? Have you been in contact with a lender to get pre-qualified for a loan, which will let you know what you can borrow of if you have any credit issues to take care of. I can help you with these items, if you wish. Carolyn Walkingstick, United Country Farm & Home Realty, Inc. cwfarmhome@aol.com or phone 918-696-6295.
0 votes Thank Flag Link Wed Mar 16, 2011
Candy,

Your best bet is to rent until you can qualify to buy. Rent to own, lease purchase or rent to buy are all good deals for a seller but rarely workout for a buyer.

This is not a good choice for you as a buyer. Run from anyone who suggests that you rent to own. Buy when you qualify for a mortage do not get into a rent to own contract if you are unqualified.

The rent to own contracts are a sellers tool to get people into houses. The process is that you will sign a contract saying that you will buy the home someday in the future 12 months-18months. You will put down a sizable Non-refundable option deposit which will be applied as a downpayment when you buy when and if you buy on time. Normally an 8%-10% deposit. At the end of the contract if you don't buy the house for the original terms you will lose your deposit. Now you get to start all over again after losing $5,000 to $10,000 it's better to rent until you are ready..

Best of Luck,

Thank you,
Bill Carey, Broker/Realtor
Certified Short Sale Seller Specialist
Cell 704-905-0740
Fax 866-343-5945
Bill.Carey@HendersonProperties.com l http://www.HendersonProperties.com
0 votes Thank Flag Link Sat Jan 15, 2011
Hey Candy:

Here a couple different websites to Oklahoma companies that build metal buildings.

http://www.oklahomabuilding.com/
http://www.callahansteel.com/
http://www.okmbs.com/
http://www.rob-bilt.com/

Good Luck!

Jennifer Henning
REALTOR | GREEN Certified
[p] 405.625.1576
[e] Jenn@JenniferSellsOklahoma.com
0 votes Thank Flag Link Sat Jan 15, 2011
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