One of my favorite ways of buying or selling real estate is by using the lease with option to purchase or the lease option method. In some areas this is known as the rent to own method.
Many owners of historic character homes become curious as to its origins. After all a hundred year old home has a lot of stories to tell. Tracing its roots is similar to tracing the genealogy in a family.
Sometimes the market is sluggish and at other times homes simply don't sell. The longer a house sits on the market, the more it languishes, becoming less attractive to agents and their potential buyers.
When purchasing a new house you want to ensure everything is in good working order and the structure is sound. With the rising cost of energy prices there are certain perks to watch for that may minimize those monthly utility bills.
"I am more than $200,000 upside down on my current home and the bank won't entertain a loan modification and I want out of this situation!" This statement is pretty common these days.
Say you have an arm of 4.25 with a loan balance of $178,000.00 that you can take as subject-to on that and you are getting the asking price of $325,000.00 for this house. What are you figuring the loan to value ratio for?
There are several things you need before you move in into your new house. Sell your old house, for example, might be one of them. But, there is a bunch of others you may even not think of.
