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Rental Basics in Kentucky : Real Estate Advice

  • All117
  • Local Info6
  • Home Buying69
  • Home Selling13
  • Market Conditions0

Activity 26
Sat Jun 10, 2017
Tiaraashby12 asked:
My last apartment was in 2013 where I lived with my ex boyfriend. My landlord at the time said as long as we gave a months notice before moving out then we are fine. My boyfriend became…
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Mon May 2, 2016
Scubad1771 asked:
Wed Jun 17, 2015
Nita Boaz asked:
Wed Oct 15, 2014
sherpasean5 answered:
Just get some rental equipment in Chicago and clean 'em yourself! It's good stuff when your carpet is all nice and clean.
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Tue Jul 29, 2014
Sesselover1988 asked:
Tue Apr 29, 2014
Kirsten Tyson asked:
Looking for a 1-2 bedroom for me and my children. 1 prior evicition that is 4 years old and a bankruptcy that discharged June 2013. HELP HELP!
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Sun Oct 6, 2013
Rebeccatrulia answered:
Hi Michael Hallett

If you are planning to buy a home, then one of the first things that you look at is getting a loan. For first-time homebuyers, this may be a bit overwhelming. You can hear about all kinds of terms that you don't understand and one of those involves the lender that you work with. You may discover that you can obtain financing through either a lender or a mortgage broker and wonder which one is a better choice for you. Here you can find some information about both parties to help you decide the best option for your situation.
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Thu Jul 25, 2013
Helen Hale answered:
yes Kelly high off louisance rd
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Mon May 13, 2013
Stephanie Jones answered:
Hi Kristen - I may have a condo on Hikes Lane coming open for rent. Call or email me at contact information below and I can tell you more about it. Thanks!

Stephanie Jones, Agent

Weichert Realtors - ABG Louisville East
215 S Hurstbourne, Suite 205
Louisville, Kentucky 40222
Cell - (502) 802-3204
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Tue May 7, 2013
Good afternoon Hope,

Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.

Saving money for a down payment? Well, heck, you can do that on your own.

If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.

Find a way to save up on your own; not with Rent To Own.

Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
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Thu May 2, 2013
Shari Ramser answered:
Thu May 2, 2013
Shari Ramser answered:
My professional opinion is : Do not sign a lease until you have a chance to do a move in walk through with the management. Take photos with date stamps and notes of all the damages and wear and
tear visible prior to your move-in. This will help protect your security deposit upon you vacating the residence.
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Thu May 2, 2013
Shari Ramser answered:
apartment complexes or even homes for lease will accept what is called a Guarantor. This means
whoever signs this form is equally legally obligated to the terms of the lease.
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Sun Feb 17, 2013
eduardoquinteromarmol asked:
Hi, I'm form Mexico and I was looking for an apartment here, the question is about one of your 'clients' (Despina Tempest) she claims to be owner of the apartment located:…
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Mon Jan 7, 2013
Carl Kappes answered:
Many of the landlords I have dealt with aren't just looking at the credit score, but they are looking at the history and the debt "load" in the report. While the income is consistent and the renting history are good, the landlord may be hesitant to take on a tenant who spends a large majority of their income on their bills/debts/collections/etc. They are also checking to see when/if there have been missed payments. They are wanting to make sure whatever tenant they choose will be able to make the rent payment regularly and on time. ... more
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Tue Jun 19, 2012
Jonny_t answered:
Look at your lease, How/ why is your car in violation? If its falling apart,expired tags,unoperable, then I can see it being a violation. Also it sounds like you have a unauthorized occupant all of which are reasons to evict, or not renew. All answers can be found in your lease. ... more
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Wed May 9, 2012
Sharma Hatton asked:
looking for house to rent around campton kentucky area, at least 3 bedroom, not over 10 miles out
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