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Rent vs Buy in 85048 : Real Estate Advice

  • All21
  • Local Info0
  • Home Buying12
  • Home Selling0
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Activity 7
Mon Sep 24, 2012
Holly Brink answered:
Hello Kendra. There are 1,059 Single Family Homes Active For Rent in the City of Phoenix. There are 2,093 Single Family Homes Active For Sale in the City of Phoenix. This information changes frequently as agents get more listings, close on sales transactions, find rentals. Prices vary all over and of course there are many homes in nearby suburbs for sale or for rent. There are pros/cons to both. Is there a specific reason you ask? I'm happy to help. ... more
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Thu Feb 23, 2012
Steffy Hristova answered:
The rental market is pretty healthy - there is demand, and properties rent fairly quickly. Most proprieties bought in the recent months are cash-flowing.
Are you looking to buy or to rent? ... more
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Tue May 31, 2011
Phil Rotondo answered:
It's possible.
You may want to check out what's available on places like Craig's list or local newspapers.
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Fri Jun 24, 2011
Jon Hegreness answered:
Regardless of credit you should be able to find a place to live in Phoenix. I cannot imagine that credit will cause you to become homeless. You will find that one landlord or another may have different standards and in some of many cases there are owners that will not rent to someone for one reason or another. Will you be able to rent something? Yes. Will you be able to rent everything you like? Possibly not. Put together a letter to a landlord detailing why you were not able to meet you debt obligations. Prepare bank statements showing a reserve. Prepare paycheck stubs showing income sufficient to pay rent. Look only at rentals that are 30% or less of your income and within your budget. Keep in mind that Pets, Inside Smoking and other situations can make things harder as well. Combine too many seeming negative factors and you might find renting very difficult. ... more
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Sat Sep 9, 2017
Anna M Brocco answered:
Yes, but much will depend on the individual landlord; you can consider offering additional security deposit, possibly pre-pay some of the rent, etc.
0 votes 31 answers Share Flag
Thu Feb 12, 2009
Rick Yoder answered:
Shanda,

My experience with lease purchase agreements is that buyers want to do these because they don't qualify for a mortgage. The sad fact is 90% of the time when the time period ends for them to get the actual loan they still can't qualify and they end up losing the property. A past client of mine does a lot of these as the owner/seller. He has sold the same property 4 or 5 times and made money each time. ... more
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Thu Apr 7, 2011
Todd Lee answered:
There are several things that can go wrong... First of all is he a licensed contractor? If not, your work may not be up to code and the quality may not be very good. Second of all, there may be some insurance liabilities that you need to check out with your agent.

If these things don't bother you, then by all means get everything you are wanting done and both parties expectations in writing signed by both parties.
... more
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