When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
Don't rely on online valuations as some are inaccurate, nor updated; rather review comps with your agent, recently sold similar properties in the immediate area, see what the data suggests and go from there...... more
House values are best done with a buyer's agent who has seen the property. Consult a buyer's agent to represent you in determining vale for this home. You CAN find a reputable, honest agent to work with. Some may require an Exclusive, some may not.
Rey Hollingsworth Falu
Licensed Associate Real Estate Broker
I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.
Wishing you all the best,
De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
"I Stand Behind Getting You Results!... more
Yes, but you have to give this a lot of thought. Put yourself in the homeowners position. You agree to do a rent to own. Say you agree to a price of $400k. A year from now the price of the home has gone down. You don't buy and the owner looses. Say the price goes up. You buy the house and the owner looses out on the gain. Either way, the owner looses. If you want it to work, then you have to make it attractive to the owner. Let's say you put up $20k as option money up front. If the price goes up, you buy and you gain. If the price goes down, you don't buy, but the owner gains the option money. This way you are both sharing some risk. Another way you might do it is pay a higher rent with part of it going towards a down payment. At least this way the owner has some protection in the higher rent they collected. If you want to make it work, you have to make it attractive to the owner. There is one other factor to consider. Is the house vacant? If it is, then the owner may be more willing to negotiate with you. If the owner is living in the house, they may not be. Many owners also need to sell in order to purchase their next home. In that case it probably wouldnt' work. Hope this helps.
Licensed Associate Broker
2008 Realtor of the Year
Prudential Douglas Elliman
Our office is located in North RIverdale (Bronx NY). I have a beautiful 1 bedroom for $950.00 per month, ground level of a private house. Property is located in a prime residential neighborhood near shops, schools and transportation.
Feel free to contact me directly 646-462-7880.
Digital Real Estate Corp of Keller Williams Realty NYC Group
5676 Riverdale Avenue, Suite 102
Bronx, NY 10471... more
I am a Real Estate Agent and of course agents would suggest that you choose a short sale. Another option is for you to try to get a Loan Modificaton. Obama signed a bill into action that is called the Making Homes Affordable Program, where they the bank takes in consideraton the change in household income and tries to see if they can lower your payments with the surplus that is left over after they deduct the expense from your income. You can go to your bank websit and see if you are elligible. Then follow the directions after that. If further information is needed, feel free to contact me at email@example.com or firstname.lastname@example.org. This email will change at the end of the week. I will be changing brokers, so used the other email if you need to contact me after friday. Good Luck. Michele... more