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08611 : Real Estate Advice

  • All6
  • Local Info0
  • Home Buying3
  • Home Selling1
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Activity 6
Thu Jan 22, 2015
Dan Tabit answered:
Lbon,
Rent to owns are rare and even more rarely are they a good deal for the renter/buyer. The vast majority of rent to own renter/buyer's never end up buying the house. They are a great deal for the landlord/Seller as they get to collect large up front deposits and over market rent only to do it all over again in the same house. I consider it basically immoral and predatory in most cases.
Resolving credit issues isn't rocket science and a local mortgage lender can and often do assist buyers with this. Many things you can do yourself, others the lender can direct or assist you with.
Most people in this position are far better off renting the least expensive place they can stand to live in and save up some down payment, get on a budget and fix their credit. Once you are qualified, you can select any listed property in your price range and you've fixed the issues that hurt your credit.
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Wed Oct 30, 2013
Diane Glander answered:
Bank owned properties are usually sold as is. If the inspections reveal too much work for you, check out your inspections clause in your contract. Usually the attorneys will protect their clients and give you a way out, should the property need too many repairs. ... more
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Wed Oct 16, 2013
Iris Rodriguez answered:
Thu Apr 22, 2010
Jeremy S. Hill answered:
Sat May 30, 2009
Jerel Washington answered:
Stooth... EVERY PROPERTY IN NEW JERSEY requires a Certificate of Occupancy or a Fire Inspection or Both... Every TWP is different based on how they interpret the guidelines provided by the state (Trenton - the Capital) but they all have one..

Jerel Washington
Keller Williams Realty - Princeton
100 Canal Pointe Blvd, Ste #120
Princeton, NJ 08540
O: 609-987-8889 x234
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