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Educated Consumer

I'm a:	Home Buyer
Location:	Florida
Profile URL:	http://www.trulia.com/profile/id/349841

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Educated Con…'s Questions (2)

Educated Con…'s Answers (4)

Want to buy SFH with owner finance, assumable mortgage or lease option in Northern Palm Beach County.

Asked Tue Jun 9 2009, 17:37 by Educated Con… - Home Buying in Palm Beach County - 11 answers

Educated Consumer answered:

Thank you. If you click on my user name above you will then see a "Contact Me" icon. You can e-mail me directly via that link. - Wed Jun 10 2009, 13:07

On your site you state: "Unlike Real Estate Agents, we have a financial interest in the properties we buy or sell...." So, do you own the properties or are you the middleman? Another item that perturbs me somewhat is that many believe since I'm looking for owner financing that I have nothing to put in the game. That's not true. I expect a down payment. I also expect the property may be in need of repairs, which would be fine with me and actually preferable. - Wed Jun 10 2009, 08:54

Craigslist is a joke and full of scammers. I have looked there and responded to a number of ads. However, once I start asking intelligent questions the communication stops. Two different posters thereon told me I wasn't the type of buyer they were targeting with their ads. It seems to me that they're looking for people to throw away their money on rent to own and other similar deals where the actual probability of them leading to home ownership is very slim.
Thank you. - Wed Jun 10 2009, 08:00

Thanks for the responses. I purchased a house some years ago using owner financing and it worked out quite well. The seller received a much higher rate of return on his money than he would have otherwise, and I got into a house with less hassle and a lot less fees. There are varied reasons why a seller would finance the purchase of his house. I don't want to work with a network that handles lease to own or rent to own houses. I would work with a realtor if they have real owner financed or lease option properties. I would not move into a property with just a lease and not the option. In my original post I stated that I would pay up to $2,750 per month total. So, we would have to figure what that would be at full amortization including taxes and insurance. It looks like it would be a house with a value in the $325,000-$400,000 range. I do prefer Jupiter Farms or Palm Beach Country Estates. I don't want anything south of PGA Blvd.
Thank you. - Wed Jun 10 2009, 07:06

Besides Valencia and Frenchman's Reserve, what other somewhat upscale neighborhoods are there in PBG and

Asked Tue Feb 24 2009, 17:31 by Rick - General Area in Palm Beach Gardens - 5 answers

Educated Consumer answered:

You'll never know there are young children in any of those communities because you won't see them outside. They're too busy sitting on the couch playing video games or sitting in front of their computers. You probably won't even know your neighbors. Oh, and "upscale" is a relative term just like "high earner." There was a guy who posted hereon that he was a "high earner" because his income was approximately $115,000 per year. That may be high to some in some places, but in PBG it's not a big deal. - Wed May 20 2009, 05:34

I need owner financing in Jupiter. Top earner with divorce inpast

Asked Tue Feb 5 2008, 08:19 by Todd - Home Buying in Jupiter - 12 answers

Educated Consumer answered:

Top earner? Maybe 115k is a "top earner" in the woods of Kentucky, but it's not a big deal in Jupiter or Palm Beach Gardens. - Fri Sep 19 2008, 18:27

I've heard condos are collapsing in Florida Wst Palm Beach - want to buy into Century Village - nd advice

Asked Wed Sep 10 2008, 05:08 by Helen - Home Buying in 33417 - 4 answers

Educated Consumer answered:

If you ask questions hereon and they're answered by realtors, then you're going to get their "spin" on it. The condo market in PBG and the rest of FL continues collapsing. It was built up like the rest of the market because they were giving loans to nearly anyone who asked for one. Nevertheless, if you are educated about the market you can find decent deals. However, you have to do a lot of homework first. Listening to any realtor isn't homwork. You need to look at recent comps and also check what the same units were selling for back in '03. Comparing anything to what they sold for in '04, '05 and '06 is like commiting financial suicide. - Sat Sep 13 2008, 08:56

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