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Rent vs Buy in 34110 : Real Estate Advice

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  • Local Info1
  • Home Buying9
  • Home Selling2
  • Market Conditions0

Activity 1
Sat Jul 28, 2012
David H Schulz answered:
Your agent will work with you to have the assistance for credit repair and determination of pre approval by a Naples mortgage company or Naples area bank. The other option you mentioned regarding seller financing or rent to own must be offered by a seller. You can search the Naples area , Isles of Capri or Marco Island MLS to see what prices the homes are selling for on our website A seller that offers his home for sale with owner financing will usually require the debt to be paid or refinanced with a baloon after 2-5 years (which gives you time to find the money or fix your credit), and in addition to interest, they ask for a substantial down payment that a buyer stands to loose if the refinancing does not go through.When you are preapproved or have the money for a downpayment your agent will show you the options you may wish to pursue. ... more
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