Mary Virginia…, Other/Just Looking in 78249

Would you be interested in renting or lease option?

Asked by Mary Virginia Petty, 78249 Thu Apr 30, 2009

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Matt Stiglia…, Agent, San Antonio, TX
Thu Apr 30, 2009
Mary - That home is currently listed as "Active Option" which means it is currently under contract (view the link below for more info on what that means).

There are currently 5 homes listed in the MLS as rentals in The Woods Of Shavano though, so there's some rental possibilities there. Let me know if you'd like the list of them.

I don't recommend lease option to anyone and I've been working on a post all about that - I'll post back here when I get it done. The problem with lease option is that you have no guarantees that the landlord is paying their mortgage. If they don't and they get foreclosed on - you lose your home. There's other problems with it as well and I will try and cover those in my post.

Many people want to do lease option when they can't get approved for a loan for various reasons, but my question is always, do you know what's preventing you from being approved? There are certain remedies in some cases that can help get you to where you can be pre-approved and sitting down with a great lender can make all the difference in the world.

Hope that helps.

Matt Stigliano, Realtor®
Exit Realty North-San Antonio
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