Hey there! Are you thinking about doing FSBO or are you listing with an agent?
Either way it's really about approaching it with the "right" marketing and if your listing with an agent the "right" agent. There are many ways to do a lease purchase. Sounds like you have many questions, would love to talk through them with you .. so regardless if you are doing FSBO or listing, My name is Kelly Evans, I'm with Weichert Realty BenchMark I would be more then happy to answer any other questions for you. Feel free to email me at GoEvans@Outlook.com or call me 901-849-4663. You can also get me at www.GoEvansTeam.com... more
This is a very nice community! I am sure that the Mortgage Companies/Banks are trying to sell all their properties as quickly as possible. They do not want to have a huge inventory of larger homes on their hands, with the volume that is possibly to come. One thing that is a bonus for Buyers is there are a lot of these wonderful homes out there that have been drastically reduced! So, enjoy choosing your new home!
If I can be of any assistance to you please feel free to contact me! Have a fantastic day!
Lesley Denney, RE/MAX Right Way
Andy, I am very familiar with the area you are referring to. Without actually seeing your home, I cannot give you a suggested list price. If you do not have a Realtor, my husband and I will be happy to drop by at your convenience and discuss our experience and marketing plan with you. Location, condition, and pricing are crutial in making your home more desirable than others. We can share with you the absorption rate in the area, your competition, and recent sales so you can intellegently make a deicsion on a list price. Although you may not get as much as you would like for your home, you can probably make up for it on the purchase of another home. With the current interest rates, it is indeed a great time to be purchasing a home. Please feel free to visit our website for additional information. Best wishes, JoAnn... more
Although it may be possible to roll the extra into a new home loan, it is not very probable. However, I am not a loan officer so I would suggest you call a reputable loan officer in the area to find out what all may be available. If you do not know of a good loan officer, I will be happy to recommend one. It is true that Cordova (along with most other areas of the city) has experienced a down turn in the market. However, it is still a very desirable area to live in. In fact, I currently have 3 clients looking to purchase a home in the Cordova area. The numbers for June are not out yet, but according to the Memphis Area Association of Realtors, there were 164 home sold in Cordova in May -- Not too bad. Best of luck, JoAnn... more