How Do I Propose A Lease Option?
I found a house in the mountains that is a three level home with 3 bedrooms and 2 baths. The house is on .60 acres and has lots of potential to it. The seller is very motivated and wants to move to Washington state to be near her grandbaby. She is selling the home for $345,000. How do I even aproach her with a lease option? I was told by a mortgage company that he has me qualified for $300,000 but I have no down payment. So I could use some help on this one.
Denessa
Go with the comps and WALK AWAY!
Normally CA is appreciating, but here in San Diego, I think things are starting to go down.
Not listed yet.
Maybe if she paid me to take her house....
California in general is dipping down a bit for the winter. When I look at comps for my customers it looks like a 5-10% drop. Talk to a realator, 2 months ago in san diego and the market looks like it is cooling down big time there,with the execption of 300K below market where it is dipping less. Sounds like a bad deal.
WOW why would you consider this at all. Just buy one at 250K if the rents make sense