Check the house value against the exercise price (The price you can buy the house for)
If there are any mortgages on the property be sure that they are paid through escrow, so if the seller defaults you will be aware of it.
record you option to by at the county recorders office so the owner is not able to encumber the house further.
The Las Vegas real estate values were one of the hardest hit by the economic down turn. Homes could be bought for less than the cost of building them. A number of investor groups found that they could make money by buying foreclosed homes, fixing them up a little, then either selling them out right or renting them out. The rental income they could get was significantly greater than the mortgage. As this became more widely known, more and more investors, including some quite large, began buying foreclosed homes driving up the prices. The Las Vegas real estate market has returned to a more normal situation.
I'm not familiar with newhousehunters but they likely began business with many of the same goals above.
Willow Glen home values can be viewed at http://julianalee.com/san-jose/willow-glen-statistics.htm
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Over 20 years experience
Over 1,000 homes sold in Santa Clara County and San Mateo County
I recommend that to avoid scams that are designed to steal your money and your identity that you make absolutely certain that anyone that you deal with has a license from the State of California Bureau of Real Estate.
There has been an epidemic of Real Estate scams that are designed to steal your money, your identity or both. The best way to avoid becoming a victim of one of these scams is to make absolutely certain that everyone that you deal with has a real estate license.
Charles Butterfield MBA
Real Estate Broker/REALTOR
Broker/Owner: The Butterfield Real Estate Firm
Cell Phone: (408)509-6218
Email Address: email@example.com
California Real Estate Broker License: BRE#00901872