Watch for Ads that state this offering. Note: None of the Money you pay on rent goes toward the purchase. Many consumers do not understand this approach. It also may be known as "Rent with an Option to Buy" You pay money up front for the Option which also does not go toward the purchase. It is up to the consumer when/and If they chose to exercise their option, If purchased at time of agreement. Your Credit Score will most likely be reviewed prior to completing any contract. Rentals are Now available through most MLS's and Agents/Brokers who are members. Consider having Buyer Agency Representation. Do Not sign any agreement without Legal Advice.
Never heard the term before. Help to know the context inwhich it was used. I would venture to say it might be a rating system. I have asked my buyer clients in the past to rate the homes We will be reviewing, on a scale of 1 to 10, 1 being poor, 10 being perfect. John in MI WI
No it is not listed. going through the forclosure process. It was on the market for 302 Days. Original list price was $40K, increased to $50K, & reduced to $35K. Prior Purchase was for $75K in 2005. If you want to known exactly when it is avalable, A Broker can program the mls with a property search for that address for you. When it is listed you can recieve an Auto-e-mail indicating it is on the market. you could be the first to know when it is for sale. Secure your pre-approval now so you can be ready to Move-ON-It. Were you aware it is assessed at $68,800.?
In case you were not aware. Two Types of Agency relationships. The Sellers Agent who is contractually obligated to the Seller. i.e. a Listing Agreement. And then there is Buyer Agency relationship. The Buyer Agent is contractually obligated to the Buyer. i.e. a Buyer Agency Agreement. The Agent is obligated to the Buyer. I would suggest that you put all your requirments down on paper. Must haves, would like to have, would be nice to have etc. These are your decisions you must make, in order to narrow the feild of possibilities. Then with the help of a seasoned Real Estate Broker and a seasoned Mortgage lender/broker/banker determin your affordability range. The price of such a property will vary according to where it may be located, and its ammenities. Then deside if you are going to just sit on the property for a time, or build a house, i.e. place emprovements on the land. Remember that you will be paying the taxes on the land during your holding period. Hope I was of some help. Ive been a Broker for 25 years and have learned a few things on the subject. Thank You for allowing Me to answer your questions or prompt some new thought on your part to consider.
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