procedures for purchase and rental

Asked by Syahirah Norzilan, 90043 Tue Aug 2, 2011

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Shirley Smith’s answer
Shirley Smith, Agent, Bellflower, CA
Fri Aug 30, 2013
There are too many buyers (owner occupy and investors) in the market for a seller to consider rent to own. The procedure is lengthy, costly and complicated. None of my sellers consider this an option.

I look forward to providing you the best service!

Shirley A. Smith
323-385-3584
Prudential California Realty
BRE # 01496590
0 votes
Gail Mercedes…, Agent, Beverly Hills, CA
Tue Sep 24, 2013
Hi Syahiran,
Check active listings for units. If property is 1-4 units can get residential lending. Anything 5 or more units lender considers commercial and the interest rates will be higher. Consider id area does or does not have rent control. If rent control area know the annual percentage allowable increase. With units always consider the monthly income (rents) generated from property. Any questions please contact me.

Gail Mercedes Cole
EXP Marina del Rey
310.853.9933
0 votes
Shirley Smith, Agent, Bellflower, CA
Mon Jul 29, 2013
not sure of the question. If you want to purchase, you must have: proof of funds, deposit, pre approval and sometimes FICO all dated within the last 30 days. If you rent, each property owner will have different requirements: 2 years constant employment, FICO score, contact information from previous landlord, etc.
0 votes
Gail Mercedes…, Agent, Beverly Hills, CA
Thu Jun 13, 2013
For purchase you would submit signed and date purchase agreement, source of funds and pre-approval from direct lender

For lease you submit a lease application with credit report.

Gail Mercedes Cole
EXP Realty
310.853.9933
0 votes
Dorene Slavi…, Agent, Torrance, CA
Sat Aug 6, 2011
Not sure on your question, but you can get all the help you need by contacting a Realtor directly.
Web Reference:  http://www.doreneslavitz.com
0 votes
Boris Russa…, Agent, Weston, FL
Wed Aug 3, 2011
Your first step toward buying your new home will be to analyze your needs. Find the community that fit your lifestyle. Second - get pre-qualification letter from the bank.
Third - find local Real Estate Expert, who will find best deal for you.
0 votes
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