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
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
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
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