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80631 : Real Estate Advice

  • All7
  • Local Info1
  • Home Buying4
  • Home Selling1
  • Market Conditions0

Activity 7
Karen Peyton, Real Estate Pro in Chandler, AZ
Fri Oct 21, 2016
Karen Peyton answered:
Contact the agent's broker who can answer all of the questions you've posted here. In the meantime read your property management agreement (again,) especially the part about coordinating the exit of a tenant. Depending upon what it says, there may be no ball to drop.

Transferring your account to an agent within the same company is legal since your contract belongs/belonged to the broker and the agent is/was an extension of him or herself.

If two months delinquent, was the move due to the process of eviction? If an eviction will you pursue legally? If you pursue legally, can you add the $1K in additional damages to your suit?

Again, contact the person in charge - the agent's broker.

Good luck!
... more
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Sally Grenier, Real Estate Pro in Boulder, CO
Thu Mar 24, 2016
Sally Grenier answered:
You can do whatever you want, but honestly, I don't understand what you're wanting to do. Rent to own (or owner financing) is very complicated but still basically the same as renting. The Buyer/renter signs a contract to purchase (with you the owner/landlord) the home for $XXX in X years. Lots of different variables involved. They may give you a down payment up front, that may or may not be put in a savings account so they can use that money as downpayment when they actually buy it (and get a mortgage). The monthly "Payment" / or rent they give you each month either....goes toward principal & interest or not. Why commit to selling your home for a certain price now, when values could be completely different in XX years?? Rent to own is not very popular anymore because it really only benefitted the seller, back when we were in a buyer's market. Most sellers want to SELL now and take advantage of the great prices. But if you just want the income from it...why not just continue to rent it??? Keep in mind you have to claim that rent as income. Plus when you do sell it, you'll owe capital gains taxes, since it was a rental. But if you sell now (and you've lived in it for at least 2 of the last 5 years) you won't owe capital gains. ... more
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Russell D Cr…, Real Estate Pro in Greeley, CO
Tue Nov 4, 2014
Russell D Croft answered:
It would be highly unlikely that you could find a place to rent in March (5 months from now) as the landlord would be holding a vacancy until you arrive.
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Bev West, Real Estate Pro in Greeley, CO
Fri May 3, 2013
Bev West answered:
According to the contract, Uniform duties include Presenting all offers to and from Seller in a timely manner regardless of whether the Property is subject to a contract for Sale.
2 votes 3 answers Share Flag
Gustavo & An…, Real Estate Pro in Westminster, CO
Fri Apr 12, 2013
Gustavo & Angelica Molina answered:
The answer is Yes, there is a program here in Colorado, it's somewhat tedious, however it's well worth it. I'll be happy to direct you to the point of contact for this program.
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Gustavo & An…, Real Estate Pro in Westminster, CO
Fri Apr 12, 2013
Gustavo & Angelica Molina answered:
Anthony-

What a great question, thanks for posting it. The answer is Yes, there is a program here in Colorado, it's somewhat tedious, however it's well worth it. I'll be happy to direct you to the point of contact for this program. ... more
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