Have you had your house listed for sale, and you haven't attracted any buyers? Usually a lease option is when you can't sell your home to regular qualified buyers, and have to resort to buyers who can't qualify for a mortgage. You are taking a big risk by doing this. But if you're desperate to lease the house out, and start getting that rental income, then go for it. Make sure you have a good attorney write up the contract.
Lease option situations are pretty unusual these days, since most areas are seeing a very nice seller's market due to low inventory. Most sellers are able to sell. I assume you're trying this "for sale by owner" (FSBO)? You'll probably be able to sell your home much more quickly and for top dollar by hiring a Realtor.... more
Hi Dave. I don't think the service dogs would be an issue, but you might have to purchase the extra liability insurance as you mentioned.
What are you looking for in a home?
Send me the answers to these questions and I'd be glad to email you the results:
(1) size of home desired
(2) minimum # of bedrooms/bathrooms
(3) MAX rent per month you're willing to pay
(4) swimming pool (do you need one or is it optional)
(5) anything else that's important to you
There are 105 total 'Active' rental listings at ALL price ranges (and sizes) within 3 miles of Mesquite Grove Estates (only three available within the Estates however).
Here's the link to those three homes:
You can reach me at: Jim@TheAZRealtor.com
I've helped several families find a great home over the past several months in Chandler, Gilbert, Mesa, Phoenix, etc. You can read my profile here: http://www.trulia.com/profile/jimmitchell/
Remember, you'll need things like a pet deposit, security deposit, cleaning deposit, credit/background check fee, etc. (FYI...the fee for me to assist you find a home is paid by the OWNER, not you the tenant.)
Thanks for the question!
Realty ONE Group
It depends on how low your credit is below 600. Here is a lender referral. Best wishes, Tiffany
14500 N Northsight Blvd # 300
Scottsdale AZ 85260
NMLS 228098... more