Your home is priced right, looks great in both MLS systems and is already accessible to investors. But cash investors typically pay no more than the low 200s. Also, your neighborhood may have rent restrictions that limit investor activity and that is a good thing IMHO. I think a sale will soon come along.
Full disclosure. I am an agent with the brokerage that is handling the sale, but I don't know your agent.
The kitchen is one of the most important rooms in any home. Especially in the minds of buyers, so making updates in this room is typically a good investment. Consider taking the time and spending extra money in the kitchen where needed. For example replacing old, warn out counter tops with granite counters is an excellent upgrade to make. Having beautiful new granite counter tops in the kitchen will appeal to a wide range of buyers. Have a look here - http://www.desireelapin.com/kitchen-updates-to-make-before-listing-your-home-for-sale/, to read up on additional kitchen design tips.... more
My office in right around the corner...The community has only a couple lots backing up to Buford Dam Rd and the perimeter is surrounded by a wooded buffer. Great location minutes from GA400, shopping and restaurants.... more
I have sold many Ryland homes. Do you need the assistance of a buyers agent to scope out the area and negotiate a good deal and terms for you ? On-site agents represent the builder those agents do not have a license.
Isabel Elsesser, Residential Specialist
First United Realty of Atlanta
Check out my website!
Full Time From 1993-2015... more
Rental listings are posted through Postlet.com; a company owned by Zillow that also now owns Trulia. Go back to your Postlet.com log-on page and delete the posting. Your rental listing will be removed from Trulia, Zillow and several other websites within 48 hours.... more
The seller is not required to do any repairs unless that were specifically requested and agreed to in the Purchase Contract or Addendum. If you did a Home Inspection or an Appraisal was done by the Lender and the Appraiser and listed the repairs as "Lender Required", then those repairs have to be completed in order for you to finance FHA.
But remember, the seller is not in any way obligated to pay for those repairs again unless they were requested upfront. It sounds like there was some misunderstanding between the Agents the seller did the repairs thinking they could cover the repairs through escrow by raising the sale price. If the Agents can't resolve this, you'll need to consult with an RE Attorney and see what you options are.
There are grants available to help home buyers with their down payments and you'll find lots of information on that at the link below. Lenders typically coordinate with program administrators to help home buyers obtain down payment assistance. Some of those loans are forgiven at the closing table, others forgiven over a few years while still others are there until repaid. All of the ones familiar to me, however, are soft second mortgages. No payments are due, nor due they accrue interest.
Having lived in this area as all these stores have been built, I have seen people upset when the stores were being built and then less than 6 months later the stores are an integral part of the community. I would look for two things…noise from the shopping center and distracting lights at night. Even if the house you are looking at doesn't directly back up to the stores, you can still be affected by the parking lots lights and the store signage. Like yourself, people do like to have shopping convenient to their homes, but they do not want the enjoyment of their home infringed upon.... more
Doing a lease purchase/rent to own can be a very risky for a Buyer. I do not suggest doing lease purchases/rent to own. There are simply way too many things that can go wrong with one from either side.
In order to do true owner financing, the owner must own the property free and clear of any mortgages. Very few sellers are going to be in that position.
If the property currently has a mortgage on it, the owner cannot legally transfer the title to a buyer without the mortgage first being paid in full. Most all mortgage loans have a due on sale clause. This due on sale clause requires that the mortgage be paid in full should a title transfer occur.
The buyer is also at great risk on a lease purchase transaction should the seller quit making their mortgage payments. Right now, many sellers cannot afford to make their mortgage payments or simply chose not to continue making them. I have seen where the buyer is making their rent payment, but then the owner is not paying the mortgage. The next thing the buyer knows is that the home is in foreclosure. That means the buyer will generally not get back any of the money they have given as earnest money or security deposits.
It is also a big risk on the buyer. If your credit is not where it needs to be now, there is no possible way of you knowing it will be acceptable in a set amount of time.
Before entering into any type of agreement like that, the buyer needs to make sure that they fully understand the potential pitfalls that could arise. Should the seller default on the mortgage, the buyer could lose ALL of the money that they have invested. Until you are able to purchase, renting is generally the safer option.
Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options to see if purchasing might be a possibility for you. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com to get started.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.... more