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 What should we offer a buyer's realtor as commission on our FSBO house?
We are selling our house for sale by owner and have had realtors bring prospective buyers through. We are willing to pay commission, but 3% is going to hurt a little. We could swing 2.5% or 3% if ...


 Is zillow.com accurate?
I LIVE IN A VERY NICE SUBURB IN MICHIGAN. WHEN EVER I TYPE MY ADDRESS INTO ZILLOW THE PRICE OF MY HOME COUNTINUES TO DROP WHICH CAN NOT BE TRUE. I HAVE PUT THOUSANDS OF DOLLARS INTO MY HOME FROM HARDW...


 My landlord has increased rent pass my business income? Is there anything I can do?
He isn't making repairs or maintence. Can he continue to raise my rent?
Additional Details
There is 3 other units rented out. I have the largest for the last 15yrs. If I have to ...


 What is a good website to fine houses for sale?
I'm looking to by a house in northeast N.C.
basically on the border of VA still on the
coast but the houses I'm finding are really
expensive and we are looking at the most<...


 The mgmt of my apt entered illegally without 24 hour notice and woke me up. naked. what can i do???
oregon law requires landlords to give 24 hours notice before entering an apt or they owe one months rent/ my neighbors also did not get notices
Additional Details
http://www.oregoncat....


 I purchased a home & the seller did not disclose flood damage that occurred before I moved in. What can I do?
I recently learned from the neighbors that days before I moved in that a fire/smoke restoration team was brought in to clean up water damage. This information was not disclosed at closing. What are ...


 Is there anything I can do about my landlord?
My landlord is connected to my apartment (there are 3 unit they are one of them) and when I first started renting they had 2 dogs, in the 3yrs. I've been there they got 3 more. they share a ...


 Is this the best time to buy a house?
with the housing crisis and the economy crisis,some people have told me that i should wait on buying a house....any ideas

Lorenzo
http://welcometoinsuranc...


 I will be buying my first house this spring... ANY ADVICE?
Hello, and thank you for checking out my question.

I will be buying a house soon and would like to hear any helpful advice you may have to offer. Your answer can relate to any aspect of ...


 If you see a "For sale" sign for a house...?
can you then just grab one of their flyers, call the agent and schedule a viewing (without having an agent myself)?...


 Baby on the way, housing?
we are currently living in a one bedroom flat with our 3 year old daughter, we have another baby on the way which is not due until the end of july. does anybody know when we can apply for a bigger ...


 Rent apartment or mortage payment>?
you will never own a apartment, but you own you home one with equity input.like this example your apartment are $1200 month, and you find out that you payment that you was making on apartment will be ...


 At 18 years old, can you rent a decent car?
AT 18 years old, can you rent a decent car?
Additional Details
Thanks, although me planning on attending MSU... freshmens can not own a car so why buy a car just for the summer?...


 Can our mortgage company require us to go with their insurance company?
We are in the process of trying to refinance with a new mortgage company. We currently have homeowner's insurance through Farm Bureau Insurance, as well as boat, automobile, and life insurance. T...


 What options do I have if I cant afford my mortgage and the house just isnt selling?
We bought a house last August and have been trying to sell it since December. No-one seems interested (the house is a little unusual). We cant afford the mortgage (which is one of the reasons we are ...


 For loan advice. Is fix or adjust. rate better for me?
My loan penalty will be over in Feb.2008, from fix at 10% for $5292 a month, after that it will be adjustiable rate. I can't refinance for lower rate because of self employed and low credit ...


 What would you change about this house?
Okay please take the time to look at this:
http://www.visualtour.co

It's my aunts house and she's trying to sell it and can't ...


 Should people who bought homes they couldn't afford be "bailed out"?
Does anyone really think it is a good idea to give these people a break. When I sign a contract I am sure that I understand it fully. If I don't understand it I hire a lawyer to translate it for ...


 How much do you need for a downpayment?
on a house or condo?...


 Would you live in a double wide trailer vs. a 4 bd home if the 2001 double wide and land was paid in full?
...



HLBellevino
Do sellers ever allow prospective buyers to rent first?
My husband is getting a windfall in February and we have just started looking, we have found the ideal house for our family. The house has been transferred to the two grown daughters of the origional owner. I believe it is an estate sale. We think the house is paid off. We are wondering if sellers ever agree to rent to perspective buyers while they come up with the down payment?
                     
 




endgame1915
i like to be direct and to the point.it sounds to me you and your husband should use a technique known as a lease option.this technique involves obtaining a lease on the property with the option to purchase the property in the future.this is a most cost-effective win/win purchase strategy.you can obtain the property with little to no money down and the seller will receive rent while awaiting payment of the option price.consult with your attorney to draw up the option.


ne11
Rating
It's called lease to own. Approach the owners and offer the deal.

Be smart and have a licensed inspector check out the house. An attorney representing you should draw up the contract.


holeeycow
Rating
another option, in lieu of a downpayment, ask the owners if they will hold the second mortgage on the property. but most people who are selling are wanting the money now.....not just enough to pay their mortgage/taxes/insurance....


Lowa
Rating
Usually when people are selling thier house they want to close the deal, and if they are willing to rent that's something they would specify up front. It never hurts to ask, but chances are they probably will want to sell. You can always get an 80/20 loan so the 20% would be the down payment and you can pay that off as you get the money.


tabulator32
You would be far more likely to negotiate a smaller down payment than you would trying to arrange renting.

They want a guarantee someone is going to sign and buy. Not a month to month stringalong renter.


Shaggy
Sounds like you'd have to ask the seller.


jamesnbarnes
Rating
You dont have to have any down payment at all. There are many 100 percent loans out there with great rates. Call you local lender and buy it or ask the seller if they will owner finance it or do a lease purchase.


turkeyneck
Rating
I wouldn't. Rentors eyeing the place as a purchase? They'd pick the place apart, try to knock the price down over every little thing they dont like, then probably change their minds and buy something else. Who needs that crap?


life is good
Yes, and there is a name for this:

Lease with option to buy or Lease with purchase agreement.

Lease with option to buy is a normal lease, but the lessor (you) has the OPTION to buy the property at the end of the lease. The seller cannot force you to buy the property.

Lease with purchase agreement/contract is a lease that is also a contract of sale. In this, you pay a monthly rent as normal and then you are REQUIRED to buy the property and come up with the down payment at the date set in the contract.

Ask your real estate agent about either of those -- it's ultimately up to the seller obviously, but if you can prove you have money coming in a few months, they might go for it.


Monoi
Rating
no
www.smokeveil.blogspot.com


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