Here is more information on my last question: We REALLY NEED 2 SELL because the adoption agency says the?
slanted ceilings upstairs will not certify us. The house has been on the market for over 2 years and still has not sold. I would like to know who I can talk to to decide what the right course is. I need answers! We still owe on the property but I feel that if at all possible it would be best if we could move before the house is sold because it would sell faster. We are asking $18,000.00 We owe $19,176.45 or something like that anyway. I need to know if it would be a good decision to be open to someone renting the property, as in rent-to-own or something like that or if since I still owe on the property I have to wait until it is sold?
Related posts:
- Rental property taxes question? Hi, I was wondering if there was any variation in property taxes. Here is our situation. We are living in a house we don’t plan on staying in after another...
- I need help with information regarding early termination of lease on a rental property in California? I have a lease until December 09 on a property. The lease says that there is a $500 early termination fee plus you have to pay rent and advertising costs...
- Can I sell a commercial property to my father outside of my Realtors contract? I have been trying to sell my commercial property for awhile and now my father’s interested in purchasing the building for his own purposes. The problem is that I’m still...
- Tips on how to make house sell fast? My house has been on the market for about 3 months now. We have had 3 open houses with a few lookers and 2 private showings that said the house...
- Question about a mortgage company foreclosing on property? About three years ago we bought a new home. We were assured by the real estate agent that our old home would sell right away. Three real estate agents and...
Tags: Ceilings, Last Question, Renting Property
sell property | , 7 Jan 10
By Calindra, January 10, 2010 @ 4:33 pm
It is beneficial to fix the property? If an agency, regardless of where they are from, says the ceilings are slanted and unsuitable.Then obviously the property needs a little help. I’m not sure what your actual currrenty property value is, but rent-to-own might be an option. With the market today, a lot of people are turning to this, or simply renting out a property they have on the market, so they can move and keep the old house on the market while still being able to afford monthly payments. However if you do decide to go with a rent-to-own I advise you to go over your agreement with a lawyer before pursuing tenants for possibly ownership. If you were to sell at the $18,000.00 mark today, you would still own the $1,176.45. However if you were to place the home on a Rent-to-Own you could charge enough to cover the mortage plus an additional amount a month, which would be considered as a down payment on the property that is NON-refundable, which would essentially bring down the cost for you. Say your purchase price would be $18,000.00 for the rent-to-own, say your mortgage is $400 a month, then you know you would essentical owe $1,200.00, you could charge anywhere from $100-150.00 as down payment for the home and the $400.00 a month for the rent totalling $500-550 a month. So by the end of the 12 month term for the tenants to find a lender to complete the sale of the home, the amount you would owe would be paid. So you shouldn’t have to pay out of pocket.
I hope this helps, or maybe someone with a professional background in this would answer it better, or easier!
By helprhome, January 12, 2010 @ 11:27 am
You are asking for less than you owe and want a home that is good enough to adopt a child?
I f you do rent to own there needs to be a professional involved. That paperwork can get tricky-need either a real estate attorney (try a title company for one) or an experienced in your state!
You need enough money to rent or buy another home-where will it come from? Do you maybe have a VA? if so perhaps there is a vet that would like to use their certificate to buy your place so you can reuse yours. Call the VA for help there. Need some creativity. Have you tried and investor ad on (Free to place this ad and at this price you may luck out!) Ask agent if they know of an investor to buy the house. You could also try to “trade the house for one that works. There are online places to do this.