How To... in Whittier>Question Details

18791879, Other/Just Looking in Whittier, CA

i own a three bed one bath house in whittier ca. I want to move and would like to rent out the house instead of selling how can i do this?

Asked by 18791879, Whittier, CA Wed Dec 30, 2009

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4
Jes Sierra, B.Sc.’s answer
Hi,
You can go two ways.
1. Contact a property management company in Whittier.
2. Contact a REALTOR® and list it as a lease on the MLS.

Hope this helps,

Jes Sierra, B.Sc., Realtor®
Century21 Beachside Realtors
Chino Hills, Ca
0 votes Thank Flag Link Wed Dec 30, 2009
Hi "18791879", two answers to your question:

1) If you are just looking to move and NOT buy another home you can surely just move and just rent your home.

2) If you are looking to move, rent, and then buy you should seek the advice of a local Mortgage Broker to determine what is possible as far as a loan Pre-Approval, not a Pre-Qualification. You can read more about the difference here: http://www.Steven-Anthony.com/default.aspx?pp=39377 I would highly recommend finding someone with a Certified Mortgage Planning Specialist designation. You can search for one in your area here: http://www.cmpsinstitute.org/public/menu

You MAY be able to use some of the rental income in qualifying for your Pre-Approval; however, this depends on how much equity you have in your current home.

Best, Steve
0 votes Thank Flag Link Wed Dec 30, 2009
Sure you can
As long as you qualify. Need to show that you can afford to make another mortgage payment. Lender will look at it as future income not rental income just yet.

Sincerely
JoAnn Saragosa
Realtor
DRE 01851805
Prudential Uptown Realty
12501 Philadelphia St
Whittier ca 90601
562-652-1734
joanns@uptownrealty.net
0 votes Thank Flag Link Wed Dec 30, 2009
You can do this as long as you make enough money to be able to do this. If you could explain you situation in more detail of what you are exactly trying to do i can give you some much better answers.

John & Sarena Villaescusa
Owner/Realtor/Broker
Keller Williams Realty
Cell: 562-818-2671
Email: Johnv@kw.com
Website: http://www.VGroupHomes.com
Web Reference: http://www.VGroupHomes.com
0 votes Thank Flag Link Wed Dec 30, 2009
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