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Clayton : Real Estate Advice

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  • Local Info1
  • Home Buying6
  • Home Selling0
  • Market Conditions0

Activity 10
Wed May 21, 2014
Christopher Pagli answered:
You can visit,, and for stats.

0 votes 1 answer Share Flag
Thu Feb 20, 2014
Cara Castrataro answered:
Typically when you enter a lease/purchase agreement, you pay extra towards a down payment for the home and after a specified period, 12 - 24 months, you purchase the home at an already agreed sales price with either cash or with a mortgage. A section 8 housing voucher would not be considered income for qualification purposes for a mortgage. If you are looking for another home for rent however, I would be happy to assist you.

Cara Castrataro
Realtor Associate
Century 21 Rivera Realty
Office: 856.404.9260, ext. 198
Mobile: 856.896.8078
... more
0 votes 2 answers Share Flag
Tue Nov 12, 2013
Paul Howard answered:
I agree with John.
Additionally, in my opinion, rent to own means the owner charges the buyer more, the buyer eventually defaults because they realize they have been had and then the owner takes the house back and starts over again.

If you have a large upfront down payment and can't qualify for a mortgage on the open market you 'might' find an owner that owns their house free and clear that is willing to hold a mortgage. Even then, expect to pay top dollar for the 'privilege'. Ditto for rent with the option to buy.

If you have had a stable job for 2 years, a credit score at least in the 600s and no collections and you have savings of at least 4% of the potential purchase of a house you may want to buy - call me. You can also call me for referral to a credit counselor that can (potentially) put you on a track to home ownership.

Good Luck.
... more
0 votes 3 answers Share Flag
Fri Aug 9, 2013
Cara Castrataro answered:
Dear George,

I wanted to reach out to you and see how you did with the pre-approval process with a lender. There are homes that are moderately priced that can fit your budget. If you have not contacted a buyer's agent to assist you in your search, I would be more than happy to help you. Please give me a call and we can get started.

Cara Castrataro
Sales Associate
Century 21 Rivera Realty
Office: 856.404.9260, ext. 198
Cell: 856.896.8078
... more
0 votes 4 answers Share Flag
Thu Jun 28, 2012
Kimberly Thomas answered:
Hi William,

I don't see it listed for rent in the MLS. So, the only way to find out if the owner would consider a rent-to-own agreement is to ask the listing agent. You can do that by looking at the information on the sign, and giving hem a call or if you like, i could also look into it for you. I will tell you that given their asking price, and what I'm seeing on similar if they were going to rent it, the monthly rent will probably be in the $1,400-$1,700 per month range, which is significantly higher than what you are currently paying, so you'd have to decide if that scenario would be comfortable for you.


Kimberly Thomas, Broker-Associate
Brown & Pope Realtors
2105 Voorhees Town Center
Voorhees, NJ 08043
856-306-2500 x. 21
Cell: 856-308-5989
... more
0 votes 1 answer Share Flag
Mon May 23, 2011
. answered:
I see, from your other question, that you are looking at a specific home in Clayton that is a fixer upper or Handyman special. Depending on the condition you may be able to get a USDA loan that requires NO MONEY DOWN, let me say that again, NO MONEY DOWN. There are not many places today that you can buy a home with no money down. Normally, you could ask for closing cost assistance, but this being a short sale that may not be possible. There is also an FHA 403K loan that allows you to include repair costs in your loan, but carries a higher percentage rate than a regular FHA loan. Gloucester County does have some money available to help with the closing costs also, but there are income limits as there are with the USDA program. There is also a program by the State of NJ, called Smart Start, for 1st time home buyers. I work with a great mortgage person that can help you sort through your options. Check out my website and call me with any other questions you might have. ... more
0 votes 6 answers Share Flag
Sun May 22, 2011
Jeanne Feenick answered:
Yes, it will be. I agree with my colleagues that your best starting point is to talk with a trusted mortgage rep who will be able to advise you on whether you qualify for any existing programs, and if not, guide you on steps to get here.

Good luck to you,
Jeanne Feenick
Unwavering Commitment to Service
... more
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Tue Mar 8, 2011
Janet Larsen answered:
I do not agree that it is considered a bedroom for a fireman to get in. The purpose of the full size window, to my knowledge, is for the person inside to be able to get out!!! The room must have a closet and heat as well. Be careful of finished attics, that may meet that criteria, but don't have proper floor joists and support for living space. If you need assistance in Clayton, email or call me.

Janet Larsen, Broker/Associate
Remax Connection
Offc: 856-415-1210, ext. 321
Cell: 856-261-6910
... more
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