I've helped people buy homes with credit scores as low as 580 and in some case 0 money down.
Buying is worth considering.
JMPORTER Realty/Homecity Real Estate
You never know until you ask. Never say never. Those clichÃ©s stated, in reality it is not the norm but sometimes if the situation and circumstances are right you can have success. Most sellers are anxious to sell their property as soon as possible so they have a certain mindset of wanting nothing to stand between their marketing of the home and finding a buyer for the home. Rental tenants are usually an obstacle as the showing of the home and coordinating move out / move in dates all have to be negotiated around the tenants lease agreement. Honestly, Realtors don't like that being an issue in marketing the home or negotiating a sale. Path of least resistance and that sort of thing.
However, if you are not real picky in your requirements and are very flexible in your ability to adjust your living situation (you can be mobile quickly) you may find success. Here are a few tips:
1. Look for properties that have been on the market for a while. New listings usually will not be open to a rental situation. The longer the "time on the market" the better your chances.
2. Look for properties that are vacant. It simply creates less resistance. That doesn't mean that an owner occupied home would not work as the owner may need to move given scenario # 1 above. But vacant properties open up an opportunity for #3 below.
3. Present your situation as an opportunity to create a full time "open houseâ€ to the owner. Stress to the owner that you will be VERY accommodating to the showing of the property. Also emphasize that you will "stage" the home with your furniture and keep the property in "show condition" at all times. That said; make sure you can keep those promises. Also emphasize that someone living in the home is better than a vacant home from a security standpoint.
4. Ask for a month to month lease situation. Stress that a month to month lease is a "win win" for both you and the owner. Ask simply for as little as 2 weekâ€™s notice to vacate. Again, make sure you can live up to the agreement.
5. Financially speaking, present your situation as an opportunity to give the owner some cash flow (income) on the property while the home is for sale. But ask for a reduced amount in terms of monthly rent based on the above referenced conditions. Remember, you are creating a situation for the owner that benefits them as well as you.
Good luck to you and I hope this helps. For more information feel free to visit our web site at http://www.cornerstonenewhomesolutions.com or contact me at your convenience.
Stephen B. McClain Broker Owner
Cornerstone New Home Solutions
It can never hurt to ask.
Don Groff | REALTORÂ® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | firstname.lastname@example.org
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
I would suggest that you work with a local realtor to help you find a property for lease or for sale.
Susie Kay, RealtorÂ®
GRI, CHMS, SFR
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
Servicing your real estate need is my priority!
Realtor, GRI, ABR, CRS, e-Pro, CLHMS
Absolutely, owners will consider renting a home if it doesn't sell. The challenge is that few homes aren't selling in Austin at the moment. The housing numbers released yesterday indicated July hit a record - history being set - for sales of homes. If a home is for sale, the owner doesn't want it and a viable offer will start the transfer process.
If you are interested in a lease on a home for sale, look for properties that have been listed for sale for a longer time - perhaps a few months. If vacant, you'll have a much easier time with the pitch to lease. If occupied by the seller, it may be a longshot.
John Crowe, Broker