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Rent vs Buy : Nationwide Real Estate Advice

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  • Home Buying256K
  • Home Selling42K
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Yesterday at 4:04am
Kathy Burgreen answered:
As a former realtor, prices for 2 bedroom rental apartments in the Bronx start at $2,000. and go up. In Manhattan, prices start at $4,000. In Queens and Brooklyn, prices start at $3,000.

If your income is $120,000. you need to cut your expenses and increase the amount for rent. Work out a budget that you can stick with and one that you can afford a 2 bedroom for $2,000.+
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Wed Mar 22, 2017
NC17 asked:
Hello, I am agonizing over the decision to rent or buy... Our current situation is 1 bed 1 bath rental for $1125 per month, includes heat, hot water, cable, internet, garbage. Lease is up…
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Tue Mar 21, 2017
Maricris A answered:
Hi,

At this time, unfortunately, we currently do not have listings for rent to own homes. You may try your luck though and search our website using the Keyword section of the search filter which can be found in the All Filters button. However, these listings are extremely rare.

Regards,

Maricris
Consumer Care Advocate
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Mon Mar 20, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

We have a program that goes down to a 580 credit score. You only need a 3.5% down payment and can even roll closing costs into the loan.

The best thing to do is to get a pre approval.

If you have any other questions or would like help with this you are welcome to get in touch with me.
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Fri Mar 17, 2017
Danaagray asked:
Thu Mar 16, 2017
Simssasha6 asked:
Thu Mar 16, 2017
Kathy Burgreen answered:
Rent to Own is a scam and the worst thing for people like you. You will need to sign a contract that states you will pay a large upfront deposit + the regular month rent + a premium amount every month. The premium amount goes towards the purchase of the home and the deposit is to secure your interest in the home.

However, the negative side is after the rent term is finished and you do not buy the home, you lose all the money you paid because the seller / owner keeps it all. The contract states there are no refunds and you will lose thousands of dollars. You need to know that the seller /landlord is still the owner and retains the title so after the rent term is finished, if you do not qualify for a mortgage loan, or if you change your mind and want to buy a different house - well, the owner will keep all your money and will not sell the house to you. Yes, the contract does say this.

Face reality - you need to continue renting, save your money and improve your credit. Then apply for a loan and buy a house the regular way. Sorry, but you need to think - why would a seller get involved in Rent to Own unless they can make a profit and earn money from foolish people like you.
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Thu Mar 2, 2017
Rachelavalos25 answered:
My is Rachel Avalos and i have bad credit and i also have an eviction on my record I'm staying at a friends house in the living room floor with my family i have a daughter that is about to have her baby by the end of the month if you can please help us my number is 480-548-2120 I really would appreciate it thank you or you can email me at Rachelavalos25@gmail.com ... more
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Thu Feb 23, 2017
Terry Bell answered:
Lease Options are usually offered by sellers when the market is slow and the seller is willing to either do owner financing, or wait till the market improves and lease to you in the meanwhile. Right now the market has picked up, and you are unlikely to find any situations like this. I am recommending that you consider a starter condo or a manufactured home and build up some equity. Right now there are some grants towards HOA dues to help out! ... more
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Wed Feb 22, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

You can get a mortgage with as low as a 580'credit score. If your score is below 580 there are ways to get your score up quickly.

There are a lot of programs available and most require a very low down payment and even allow you to roll closing cost into the loan using a sellers concession.

I can lend nationwide and I'm avialable almost 24/7.

If you have any questions or would like help with this you are welcome to contact me.
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Mon Feb 20, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

If you would like I may be able to help see what you would be pre approved for ?

We have programs that you can qualify for with as low as a 580 credit score. I can lend nationwide.

You can contact me through my profile if you have any questions or would like help.
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Thu Feb 16, 2017
Ernest Avery asked:
I AM WAITING ON MY SSDI WHICH I HAVE BEEN APPROVED THEY SAY END MARCH OR APRIL FOR BENIFITS TO BEGIN I DO GET PAYED FOR THE MILITARY FOR MEDICAL CONDITION PLEASE CONTACT ME AT (401)206-8659…
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Wed Feb 8, 2017
Michael Nolen answered:
Hi Wayne,

It seems you've been thinking about buying real estate in Ocean City, MD for a awhile. If you're really considering your options, you should be patient and get a feel of the market. The best way to accomplish this is to start getting listing notifications that are tailored and continually modified as your interest change. You should work with a Ocean City, MD RealtorĀ® to help you.

You should also start touring properties. Visit open houses, ask questions to your agent, and visually see your future home.

Your best action is to start getting connect with experienced local resources. I'd love the opportunity to guide you to own a beach place.

Great post!

Michael Nolen, RealtorĀ®
Condominium Realty, LTD
(410) 390-2032
(410) 524-6400
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Wed Feb 8, 2017
Brenda McLaughlin answered:
WARNING: I received a phone call from someone looking for a Rent to own house. They called on one of the listing I have at 5530 Scottwood Drive in Paradise. This was listed on the MYRenttoown website. It is a fraud. When I called the first time and explained that it is a fraudulent posting the customer service rep hung up on me. I called back today to let someone else know. I gave the address and let them know this house is only for sale. The customer service rep let me know that you have to register to go on the site. I told her that's good than they should be able to see who posted the listing and turn them in. I gave them my name and web address so they could see I am really an agent with that listing. Beware of rent to own or Fraudulent for rent posting. I had one a couple years ago that some put on craigs list along with all my pic's and said it was for rent. They told the potential renter not to call me since the seller was going to fire me. It was a crazy low rent with all utilities paid. If it looks too good to be true.....well you know. Always call the listing agent if something doesn't seem right! ... more
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Wed Feb 8, 2017
Ernest Avery asked:
prefere rent with option to purchase in Johnston ri 02919 have my certificate of eligiabilty from the veterans affair for housing, please contact me at 4012068659 or email avery698305@yahoo.com,…
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Thu Feb 2, 2017
Staceylee55sss answered:
How does the rent to own home program work in calif, ie credit score time allowance down payment,ect.
1 vote 7 answers Share Flag
Tue Jan 31, 2017
Luz Herrera answered:
Hi im looking for a 3bedroom apartment in the Bronx with cityfeps program it pays 1956 and i also have an income of 2011 monthly please feel free to contact me at 3473407224 or at Lucyherrera7409@Gmail.com
Thank you
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