Rent to Own is more urban myth than reality. There are only two situations where someone like yourself will encounter "Rent to Own" and neither is desirable.
In the first situation the Seller has been unsuccessfully trying to sell their property often for a year or more and they cannot find a buyer. The reasons for this can be many such as; high crime rates, terrible condition of the property, stigmas the house may have such as some one murdered in the home, or a home used as a meth lab for example. There are others but I'm sure you get the idea. In this case the seller is so anxious to sell their willing to do anything, but Buyers should ask themselves why would I want to inherit this Seller's headache?
The second situation is in my opinion actually worse: it's when very savvy Sellers set out to intentionally take advantage of less savvy Buyers. They never have any intention of the Buyer owning the home and the contract they prepare almost ensures that a Buyer will never be successful in meeting the terms. Their intent is to get above market rental income with the promise that one day you'll own the property and if by chance you actually were able to fulfill the terms of their agreement their OK as they got well above market price for the property, but what happens 95+% of the time is that they simply take the home back when a buyer fails to fulfill one or more of their contract terms and they then repeat the process. I've been active in all aspects of residential real estate for more than three decades and can honestly report that I have never once met a single buyer who was successful with "Rent to Own"
Right now we're in a strong sellers market, and frankly there's no reason any legitimate seller would offer a Rent to Own option, that said it's very possible given today's low interest rates that you may be able to buy a home.... more
Mike stated it great. You will get what you pay for. There are agents out there who will have no problem doing 5% but could charge higher broker fees and do less advertising (Open houses,print,web and overall work). Interview a few agents and find the one that best suits your needs and personality. If you would like I could meet with you and go over my marketing plan and selling price as well. Feel free to contact me anytime. Hope this helps.
D'angelo Realty Group
The answer to your question is in your contract. Your contract states what you can and cannot do.
Most contracts have contingencies the allow you to cancel if certain criteria is not met. Your agent or attorney should be able to explain it to you.
Many contracts specify that when the title company issues the title report you have a specified time to accept or reject. Chances are if you have been waiting a month and are just tired of waiting it may be too late to use that excuse.
The thing is Fannie Mae is probably not going to pay the lien off until closing, so you have a chicken and egg situation. However, they may be negotiating how much the lien is for which could take some time.... more
There is limited public transportation via Rabbit Transit - they have commuter lines to MD, York, Harrisburg, and Gettysburg, plus a network of routes within the York (PA) area. You can find out more at:
As far as just getting around S-bury for shopping, errands, dr appts and so forth, there is no local around-town bus service. There are also no local taxis that I know of, although there are several in the York area (approx 30 min away). Of course, some communities such as the Lutheran Homes (retirement & assisted living) do have their own little shuttle buses for their residents to take for shopping trips etc.... more
I sure am. There are many ups and downs with buying a foreclosure. But if you have time and good nerves it can be well worth it.
I have helped many buyers through this process . Both bank owned and or just foreclosure.
Also have an ideas of what loan programs to look for if you need help with that.
I would be happy to ducuss this with you. Sharon Harris... more
One of my clients lives in Loganville and works for WIC in DC. She says it takes her 2 1/4 hours if it's not peak commuting time.
Are you considering purchasing a home in the area? I'd love to talk with you about that!... more
As a 22 year vet, I have used my VA loan guarantee twice. Your husband is not guaranteed a loan regardless of his credit. You still need decent credit to use the VA loan program. Your missing payments on any bills since a BK is not looked upon well. Get a budget and stick to it for at least a year making payments to a savings account greater than your expected VA loan amount. Pay your bills on time then join your husbands fellow vets in buying a home and keeping the VA loan program in the Black.... more
there are several in the area. Lake Redman is along rt. I83 near Loganville, at exit 10. They have picnic ares and pravillions in case of bad weather. Also some entertainment on weekends. Restrooms and boating are also available.... more