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Lease Options All Locations : Nationwide Real Estate Advice

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Showing results for Lease Options [Clear search]
Tue May 28, 2013
Bruce Lynn answered:
Below market rates is going to be a tough gig here in this area in my opinion.

The very best rentals we see go very quickly and have multiple applications. We now even see people bidding over the list price to get properties and signing longer term leases. Due to the current market I would not be surprised if you want a long term leases, that rent increases are built in much like commercial leases...either a flat amount or a percentage per year.

2-3-4 years ago it was not unusual to negotiate to your way of thinking, now when we see that attempt, we often see the place get leased by someone else will to pay market or above market.

I think perhaps your best course of action that might make people stand up and listen is offer to pay up front. Maybe a year up front for a better discount if you can do that. You might look for a place that has been on the market 3-4 months if there is such a place, maybe one that doesn't look so nice, offer to sign a 5 year lease for a discount, and then use your own funds to fix it up the way that appeals for you and that makes sense financially.

I only see 9 places for rent in Addison right now.....that's how tight the market is. Of course there can be some high priced apartments for rent too.
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Mon Sep 8, 2014
Barry Shapiro answered:
There are 17 rentals currently available that fit your criteria. They range from $2,500-$10,000./month. When you are ready, we can set you up on your own personalized web-based portal, so you will be notified as soon as a new listing comes on the market. ... more
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Wed Apr 10, 2013
Mark Malave answered:
Sun Apr 21, 2013
Robert Chomentowski answered:
Sometimes you can find lease to own opportunities on Craigslist. But be careful and read up on lease options before you buy. Sometimes the sellers are savvy investors that are stacking the odds in their favor with the lease/option terms. ... more
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Sun May 19, 2013
Jennie Miller, Pllc answered:
Prices are so affordable right now that it makes more sense to buy.
0 votes 20 answers Share Flag
Wed Mar 8, 2017
Scott Godzyk answered:
If you do not have the cash to pay off the balance after a sale, a short sale may be best. You should start by hiring a local and experienced listing agent who can help you obtain the value of your home to see what is owed after obtaining your payoff. They can assist whether a short sale is for you. ... more
0 votes 38 answers Share Flag
Fri Apr 5, 2013
Debra (Debbie) Rose answered:
in my opinion, there are few, if any, advantages in a lease with the option to buy arrangement.

The tenant/buyer stands to lose his or her deposit money if they don't buy the home (for any reason) at the end of the lease - so, if you can't qualify now for a loan, you better be sure you will qualify later or you will forfeit that money.

There are a number of other dangers lurking .

You better make sure you fullly understand what is involved and what risks you are taking.

I think you're better off renting (saving money, improvng credit scores, etc) until you can buy a home in the usual way.

Best wishes..........
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0 votes 3 answers Share Flag
Fri Apr 5, 2013
Rafael Hernandez answered:
Most of parking in Mission Hill is usually by permit and depending on exact location you may opt to renting an off street parking so you are not circling around at night or during a snow emergency looking for parking. ... more
0 votes 4 answers Share Flag
Sun Apr 14, 2013
Craig Saxon answered:
Hi Bryan, I suggest you focus on looking for rentals by private individuals rather than an property management companies or apartment complexes. Filling out multiple applications and paying their fees is time consuming and expensive, just to have them turn you down for bad credit.

Also look for lease option opportunites if you think you might want to own once your credit score improves. If you haven't gone to a non-profit credit counselor yet, you should. Feel free to contact me if you would like to discuss your options further. Good luck!

Craig Saxon'
Broker
Real Property Advisors, Inc. DRE #01904379
csaxon@rpadvisors.com
707-541-2345
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Wed Nov 13, 2013
Dallas Texas answered:
I would feel honored to assist you and have a great lender ? Many other questions require answers.

Contact my office Friday where I can show you many amazing homes work with your family specifications.

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

Follow me on Facebook
www.facebook.com/lynn911dallas
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0 votes 13 answers Share Flag
Fri Apr 5, 2013
Chase Coleman answered:
Hi Cindy I have a lender with a program where he can qualify. Email me and I will get you in contact with him.
0 votes 4 answers Share Flag
Sat Jun 17, 2017
Robert Adams answered:
The seller is willing to carry the loan for you. You normally will pay a premium price and higher rates. All of this is negotiable between the seller and the buyer.
0 votes 8 answers Share Flag
Fri Apr 5, 2013
Claire-Anne Aikman answered:
Not at all. Contact a local agent or property management company to see what rental options they have.
0 votes 1 answer Share Flag
Fri Apr 5, 2013
Kathy Adkins answered:
Some questions you may want to consider before deciding are:

How long will you be in Singapore?
How much notice will you be able to give tenants when you need to return?
Will you be using a relocation company?

A good property management company should take care of most of the issues of renting and you should find out up front what services they provide and the cost.

Whatever you decide I would be happy to help you with that, whether it be referring some property management companies or listing your home for sale.
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Thu Apr 4, 2013
Dallas Texas answered:
75 homes have SOLD in the past 6 months

Contact my office today
Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

Follow me on Facebook
www.facebook.com/lynn911dallas
... more
0 votes 2 answers Share Flag
Thu Apr 4, 2013
Joe Cano Jr answered:
Morning Nahan,

I lease for a living. Please, visit my web-site & contact us or call anytime. Thanks and have a wonderful day.

Joe Cano - Realtor/Locator
(281) 785-5132
0 votes 5 answers Share Flag
Thu Apr 4, 2013
Gail Levin answered:
Its never too early to start shopping. I would suggest that you first start shopping around for a great Realtor who has your best interests at heart and one you can relate to. The market it very hot right now and being that there are multiple offers being given on all properties, a good agent will guide you in the right direction. Also, now is the time to find a good Mortgage Broker and start the process. I would be happy to help you in this regard as well as meet with you. Please contact me at gail.levin@kw.com. Looking forward to hearing from you. ... more
0 votes 9 answers Share Flag
Thu May 30, 2013
Abraham Bidhendi answered:
Hi Jacina:

Rent to own options are so incredibly limited. You might want to look into for sale by owners to see if they would offer rent to own.

Hope this helps.


Abraham Bidhendi
Top Producer Realtor® with over 26 years of experience
Awarded as Exit's TOP Buyer side Transactions for the State of Florida
We have had 142 successful transactions during the past year alone.
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Email: REOsofflorida@msn.com
Website: http://abidhendi.orlandopropertiesonline.com
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
Altamonte Springs Office: 660 Palm Springs Dr., Suite D, Altamonte Springs, FL 32701
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0 votes 3 answers Share Flag
Thu Apr 4, 2013
answered:
Yes, that shouldnt be a problem. Feel free to give me a call or email me if you'd like help with a pre-approval.

Tony

866-936-5363 ext. 278
tony.grech@wcslending.com
0 votes 4 answers Share Flag
Wed Apr 3, 2013
answered:
I do not suggest doing lease purchases. There are simply way too many things that can go wrong with one from either side.

In order to do true owner financing, the owner must own the property free and clear of any mortgages. Very few sellers are going to be in that position.

If the property currently has a mortgage on it, the owner cannot legally transfer the title to a buyer without the mortgage first being paid in full. Most all mortgage loans have a due on sale clause. This due on sale clause requires that the mortgage be paid in full should a title transfer occur.

The buyer is also at great risk on a lease purchase transaction should the seller quit making their mortgage payments. Right now, many sellers cannot afford to make their mortgage payments or simply chose not to continue making them. I have seen where the buyer is making their rent payment, but then the owner is not paying the mortgage. The next thing the buyer knows is that the home is in foreclosure. That means the buyer will generally not get back any of the money they have given as earnest money or security deposits.

It is also a big risk on the buyer. If your credit is not where it needs to be now, there is no possible way of you knowing it will be acceptable in a set amount of time.

Before entering into any type of agreement like that, the buyer needs to make sure that they fully understand the potential pitfalls that could arise. Should the seller default on the mortgage, the buyer could lose ALL of the money that they have invested. Until you are able to purchase, renting is generally the safer option.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options to see if purchasing might be a possibility for you. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.
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