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Northeast MacFarlane : Real Estate Advice

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Wed Sep 25, 2013
Lynn Brock answered:
cancelmercedes, The property located at 2505 W Aileen Street in Tampa is a bank owned property for sale.

An offer to purchase, has to be submitted online through a real estate broker (agent) along with a mortgage pre approval letter or proof of funds. The property is offered by Fannie Mae. It is for sale. It is not offered as a rental.

The rental market is riddled with questionable rental tactics. Typically, the procedure for renting a property is to complete an application (sometimes there is a small fee to cover the cost of the background check $100 or less). A rental agreement is drawn up and signed by both parties. Then a security deposit holds the property until move in. At the time of move in all utilities have to be in the tenant's name and first month's rent deposited before keys to the property are exchanged for access.

If you are asked to send money before seeing the property, or a back ground check or a lease agreement something is not correct. Unfortunately, as the real estate market improves it attracts unscrupulous individuals interested in making fast money. Ethics are not considered.

Try a different property that is ready to rent.

Best regards,

Lynn Brock
Brock Realty Inc.

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