Rent to Own

What is a rent to own? The actual paperwork is called an Option to Purchase. That is a written offer on a house or duplex to purchase the property in a given time, at a specific price. The Option to Purchase is normally used for buyers who do not have the down payment to complete the purchase. So the buyer moves into the house, pays rent, and many times a portion of that rent is applied to the down payment.

The Option to Purchase is good for a buyer who finds a house but has a low credit score. In that scenario the buyer needs to find a lender who is great at credit score couching and credit repair. The buyer’s credit score has to be raised as quickly as possible. It is very important to choose the right lender in this situation. The wrong lender could lead to a tragic and costly loss for the buyer.

The key is to work with a local lender as well as a local Real Estate Agent. I have no idea how many fake lenders and Real Estate sites are lurking in the dark world of the Internet. Based on experience, Internet lenders may or may not really exist. There are a few large companies that actually lend money. Remember there are a number of fees involved in the lending process. Do you feel safer putting your charge card number into a web page and pressing a button? Or do you feel more secure walking into a local bank, sitting down face to face with a lender in their office and handing over a check?

The key to credit repair is to preform a specific set of steps. At the very least you have to give you Social Security number to the lender so they can check your credit score and print a report. There may be a list of loans on that report you never heard of. There are companies who file fake reports, and for a few hundred dollars will remove that negative information from your credit report. How do you think they got your Social Security number? From the Internet. Be careful with whom you share your information. Real Lenders are required to use extra layers of Internet security.

The key to a successful Real Estate transaction is to choose a local, experienced team. At the very least that team will begin with a Real Estate Agent, a Lender, and Home Inspector. Each person will be state licensed and know their particular fields. The Real Estate Agent will know how to conduct specialized searches to save time, establish marker value, and find the home you want at the best market price. The Lender will guide you to the right loan for your situation and needs to work with the Real Estate Agent to see certain events and plan for them before they arise. The Inspector will know the local codes, and features of a home that may be a concern, and explain basic home maintenance and financial planning to achieve that goal. The team will also need a good Title Company to ensure all the paperwork is signed and funds are collected and properly distributed. Each member of the team has to be a local expert in their field to avoid costly mistakes. The Internet offers a broad range of opinions that may or may not apply to your local circumstances. You need the right experts in the right fields, in your local market to complete a purchase. Don’t be fooled by Internet parties claiming to know every local law, code, and Real Estate Market.

Sheboygan County Real Estate Commission Sale

Are you looking for a new home? My little nitch in Real Estate is to find the prefect home outside the city with enough land to stretch out in, and maybe a few buildings on the side to set up for those special projects. If you are looking for a little hobby farm, like large gardens in your yard, want to have a few horses, or just want a larger yard near or outside the city, let’s get looking and get you settled in that new home. If building a new home is your dream, let’s find you that land with the perfect view, and start going over details and get a few bids on building that new house for you. There are little tricks and secrets we need to go over to make sure you are getting the highest possible quality at the best local price.

In most cases, you will have a house to sell. Let’s take a look at what the market has been doing over the past few months in the area you live. It doesn’t matter what the Real Estate market has been doing in the nation, state, a vast range covering a quarter of Wisconsin, all of Sheboygan county, or the entire city or town you live in. What natters is, how have houses been selling in your local area, what prices have they been selling at, and what condition were they in? The local market is what you set the price of your home at.

So we look at the local prices, get a good idea of what your house is worth, and know there are a number of fine homes you want to consider. All the pieces are falling into place. Now what do you do? We go through all the legal, boring paperwork, get the house cleaned up for pictures, do a great write up that is sure to attract buyers, and throw the information all over the Internet. There is that one little question people either ask first or save for last. What is this going to cost? There are a number of costs involved in selling a house. There is a special state tax on selling any property. There are title costs, charges and fees from the Title Company, and a few other costs. I have a list. My job is to give you an estimate of costs involved, and over estimate that cost a little bit so you are surprised on the good side when you get your check at closing. The biggest cost is usually paying off the old mortgage. And a few fees some banks charge to rubber stamp the mortgage as PAID. And there is that commission people pay to have a Real Estate Agent, market, sell your house, and of course keep all the paperwork in proper order. That is the reason for this article.

Why pay the average or normal commission rate around town? You didn’t get in this position to look at a new home by giving your money away. Why start when it’s time to sell that house of yours? I’m not afraid to talk about commission or the other costs involved in selling your house.

The market is rather slow these days and drastic times call for drastic measures. I have signs that need a home to set in front of. That’s why I am going to offer a 4.5% commission rate here in Sheboygan county. 4.5% commission to sell your house is not a cut rate commission that includes cuts on service. No, that would never be right. 4.5% is my personal Sheboygan County Real Estate Commission Sale. The same product at a lower price. That’s why it is a 4.5% Sheboygan County Real Estate Commission Sale! Does it include the same great and reliable service?

If you went in to buy a car, and you walk into one of the car dealers sales, would you expect the same car with all the same features at the best possible price? Of course you would. You wouldn’t expect the car dealer to swap put a smaller engine, or include only 3 tires at the sale price. That would never work. You expect to drive away in the new car that was a few thousand dollars more yesterday. The same thing is true with this 4.5% Sheboygan County Real Estate Commission Sale. The same quality service at a reduced price.

Highest and Best Offer

To deal with the highest and best offer requires a constant monitoring of email accounts. Most often we are given about 24 hours to reply. It also requires a great deal of organization to have the information to fill in the counter offer, get it signed and submitted on time. Today’s technology allows us to do things quicker, but only if you have the information and programs available.

One of the features used by Real Estate Agents is E-sign. A counter offer can be quickly generated and e-mailed to a client for review and signature. Once it is returned, submitted to the Listing Agent or uploaded to sites such as Homepath. The other alternative is to have a blank form available and meet personally with the Buyer for their review and signature.

This exemplifies the need to have all the details in place before bidding. One of the biggest obstacles we face in Real Estate is Buyers dragging their feet, taking their time providing proof of funds, or a preapproval letter from a licensed lender. Most Sellers, or asset managers will not consider an offer if it is not accompanied with proof of funds or a preapproval letter. Once we enter the counter offer stage requiring a highest and best bid, it leaves little time to tie up loose ends.

The number of people calling me, thinking they know what it takes to buy foreclosed properties surprises me. Many of them watch online videos produced by companies which may, or may not exist, often paying fees to receive online advice. It seems online video viewers are the majority of unprepared buyers. They take advice from someone on an online video about Real Estate who may or may not have purchased foreclosed properties. They seem to know little or nothing about the actual process which causes the majority of delays. The very first step is getting the funding inline. Do you cash your check and put money in your wallet before or after you go to the store? How do you shop? Do you run around looking for the best bargains? Do you wait to find the bargain of your dreams then decide to make a payment on your charge card, wait for the funds to clear, then run back to the store to see if the item is still available? This seems to be the way some people like to shop for houses. By they time they take care of funding, the house is gone.

Straying from the tried and true process most often results in wasted time and energy.