Property Q&A in Willingboro>Question Details

Lakisha, Other/Just Looking in Willingboro, NJ

Hello, I wanted to know if this property is it soley for sale or would you interested in rent w/ purchase opt?

Asked by Lakisha, Willingboro, NJ Wed Dec 31, 2008

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Based on the previous answer that rentals are going for $1200 per month, if you could qualify for an FHA mortgage, it would be in your best interest to look at purchasing this home. The monthly payment to qualified buyers that pay the full asking price is approximately $1086/month. This is for principle, interest, taxes, and insurance. If you don't know if you would qualify for a mortgage, you'd need to speak to a mortgage professional to have them go over your personal financial situation. If you don't currently have one or don't know of any, please give me a call as we have a few that we deal with that are excellent. We deal with first time home buyers and the partners we work with have been of tremendous help in getting our clients in their first homes. Or you may have your own reasons for staying with rentals or leasing; we can try to helkp you there, too.

And you answer your question, this property is only being offered as a sale. The current owner only has that option open to them. A lease to purchase option is not going to be a viable option for them.

Terry Iwaniw
ReSales & Investment Realty, LLC
0 votes Thank Flag Link Wed Dec 31, 2008
Average rent in that area is $1200/month. You need the first month's rent + a month and a half securtiy to rent it. You can buy with an FHA mortgage of 3.5% down and get seller to pay closing costs (negotiate it). Your monthly payments to own it is less than the rent. Hello! Is anyone home?
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0 votes Thank Flag Link Wed Dec 31, 2008
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