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Palmetto : Real Estate Advice

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  • Local Info2
  • Home Buying4
  • Home Selling0
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Activity 7
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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Wed Jan 7, 2015
Elisa Evans answered:
No, I grew up close to this area. It's about 10 miles from the Marta bus line.
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Fri Mar 22, 2013
ricolibrary answered:
No - the bus line ends in Palmetto about 7 miles away.
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Mon Jun 14, 2010
Byrdie asked:
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Fri Apr 16, 2010
Cancan98 asked:
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Fri Apr 16, 2010
Don Tepper answered:
If the appraisal was conducted--which I'm guessing it was since you say the deal fell apart "right before closing"--then no.

You paid for a service and you received a service. Same as if you'd had a home inspection. Or same as if you'd had a car repair and the next day someone totaled your car. If the service was performed, you owe the money.

If the appraisal wasn't performed, then you should be able to get it back.
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Mon Nov 5, 2007
Kim Chitwood answered:
I wouldn't think that the Assessor's office would have all of the stats input this soon. You should probably check your local MLS information. It takes the tax office much longer to get it into their system. ... more
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