I’ve had a couple of buyers ask me recently about using a lease option, or “lease-to-own” agreement to buy a house. Since I have had some experience with this, decided to post about it. If you wanted to consider lease-to-own, also known as lease-option, of a property, the most likely candidates are vacant homes that…
Here’s a new one that I just tried out. You enter the purchase date and price, and it will calculate the current value using historic averages and the Case-Shiller studies and reports. Try it yourself! Let me know what you thought by leaving a comment here.
Lake Forest sellers are having a tough time adjusting to the realities of today’s market. There are currently 421 active properties in the MLS, and 95 of those (22%) are either foreclosed or short sales. The short sales, in many cases are not really available because it is unknown in if the mortgage holder will agree…
In California, it takes several months from the first late mortgage payment until the foreclosure may be completed. The absolute minimum time required from the date of recording of the Notice of Default to actual sale is 112 days, but due to common delays, it is extremely rare for it to be completed in less than…
Why isn’t my home selling? It’s fixed up, easy to show, listed in the MLS with photos and a virtual tour, and offers a generous commission to the buyer’s agent. It has been on the market 90 days and there are no offers! Well, I haven’t seen your house, but when all else fails, you…