I am looking for a lease to own home in North Indio. Looking to be able to purchase during 1st year.

Asked by Sammy, Indio, CA Sun Nov 20, 2011

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Sharon Furia’s answer
Sharon Furia, Agent, Indian Wells, CA
Mon Jan 2, 2012
Sammy, working with a Real Estate agent who can help you find and structure a lease to own property is important. I would be glad to work with you on this if you are still looking Sharon Furia - 760-831-0030 or email
Sharonfuria@tarbell.com
0 votes
Jim Simms, Mortgage Broker Or Lender, Louisville, KY
Mon Nov 21, 2011
You may want to read some of the info in the links below, especially the ones on rent to own, understand your risks before putting up any hard earned funds, hope this keeps you out of harm’s way, good luck.

I create my own problems:
http://www.trulia.com/blog/jimsimms/2011/11/i_cause_my_own_p…

Info on Lease Option or Rent to Own:
http://www.trulia.com/blog/jimsimms/2011/11/rent_option_or_r…
http://www.trulia.com/blog/jimsimms/2011/11/rent_to_own_continued

Criminal Credit Repair:
http://www.trulia.com/blog/jimsimms/2011/10/credit_repair_ca…

Down Payment Assistance in KY:
http://www.trulia.com/blog/jimsimms/2011/03/down_payment_ass…
0 votes
Don Tepper, Agent, Burke, VA
Mon Nov 21, 2011
Seems like everyone's just offering to help you find a home to rent. Here's a link to a blog I wrote on how to find lease-to-own homes: http://bit.ly/findaleaseoption

One important point: Relatively few properties appear on the MLS listed as lease-to-own (or lease-option, lease-purchase, etc.). Some do, but not too many. Usually, the strategy is to approach homeowners (in the case of properties for sale) or landlords (in the case of properties for rent) and ask them if they'd consider doing a lease-option. I've found that if you identify good prospects (see my blog for some guidance), somewhere between 30% and 40% are open to the possibility.

One tip: Even though you're hoping/planning to be able to purchase during the first year, protect yourself by getting as long an option as possible--2-3 years, at least. That way, if you somehow can't quickly qualify, you still have time.

Hope that helps.
0 votes
Suzie Waggon…, Agent, La Quinta, CA
Mon Nov 21, 2011
Good Morning Sammy,

When do you need the rental? Let me know what you need in a residence and I will be able to assist in finding the perfect home for you.... Suzie
0 votes
Chris & Shari…, Agent, La Quinta, CA
Sun Nov 20, 2011
We would be happy to send you listing that fit your criteria please email us at realtorscs@aol.com or visit my wed site at http://www.rentalscs.com or call us at 760 779-8833
0 votes
Devona Garri…, , Beaumont, CA
Sun Nov 20, 2011
Find yourself a good real estate agent you are comfortable with that handles rentals.
Web Reference:  http://8889ListIt.com
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