Do you have a copy of the contract? Are there any clauses in it such as a home inspection clause or a financing clause? These allow you the option to walk away for specific reasons stated in the clause. Did you submit an Earnest Money Deposit? If you walk now you might loose your deposit... more
No, they're not. What this or any other website says hasn't a thing to do with your home's value. It might factor into the made up value Trulia is showing you but that doesn't mean anything to you in the real world.
I just looked at mine. OMG, lol. Trulia has it at less than half of the actual market value. That's hilarious.... more
I would demand that they foot the bill to have the repairs professionally inspected to make sure they were done to your satisfaction. And make certain that the proper permits were pulled from the city (if required). Unpermitted improvements are no joking matter!... more
Unfortunately, each person on the loan needs to qualify (good credit, income, debit to income ratios, etc.) . You should sit down with a local lender who can review all of your financial info and point you in the right direction.... more
Allow me to share some information about "Rent to Own" based on my 35 odd years in real estate.
Rent to Own is more urban myth than reality. There are only two situations where someone like yourself will encounter "Rent to Own" and neither is desirable.
In the first situation the Seller has been unsuccessfully trying to sell their property often for a year or more and they cannot find a buyer. The reasons for this can be many such as; high crime rates, terrible condition of the property, stigmas the house may have such as some one murdered in the home, or a home used as a meth lab for example. There are others but I'm sure you get the idea. In this case the seller is so anxious to sell their willing to do anything, but Buyers should ask themselves why would I want to inherit this Seller's headache?
The second situation is in my opinion actually worse: it's when very savvy Sellers set out to intentionally take advantage of less savvy Buyers. They never have any intention of the Buyer owning the home and the contract they prepare almost ensures that a Buyer will never be successful in meeting the terms. Their intent is to get above market rental income with the promise that one day you'll own the property and if by chance you actually were able to fulfill the terms of their agreement their OK as they got well above market price for the property, but what happens 95+% of the time is that they simply take the home back when a buyer fails to fulfill one or more of their contract terms and they then repeat the process. I've been active in all aspects of residential real estate for more than three decades and can honestly report that I have never once met a single buyer who was successful with "Rent to Own"
Right now we're in a strong sellers market, and frankly there's no reason any legitimate seller would offer a Rent to Own option,... more
No... I am a realtor and my clients have done the same thing. I met them through a friend only 3 days ago. We are writing a offer on a Ryan home tomorrow. It is not to late. I suggest you do, they are free to you, and will only save you heartache and money.... more
I think it is important to stage your house, so potential buyers can see what it can really look like. It also gives the house a real look to it. Most of the messes come from the person themselves and not the house. I would make sure you take the kids out or have them help you clean up.