Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Cape Carteret : Real Estate Advice

  • All7
  • Local Info0
  • Home Buying0
  • Home Selling0
  • Market Conditions2

Activity 2
My NC Homes…, Real Estate Pro in Chapel Hill, NC
Fri Jun 28, 2013
My NC Homes Team answered:
Depends on the lender. The better ones get it turned around in 48 hours, but if you're working with one of the big banks it could take a week or more.
0 votes 2 answers Share Flag
Ron Thomas, Real Estate Pro in Fresno, CA
Fri Jan 25, 2013
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

There is no FORM printed by anyone; there are just too many variables.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!

Try the Navy Federal Credit Union; they serve all four.
If they won't come thru; you might be better toughing it out for a year, to get your s--- together.

And thanks for Serving
... more
0 votes 5 answers Share Flag
Search Advice
Search

Followers

119