Bitten by the Cran-bug....

aquaknight

aquaknight

Active Member
For the second time in as many years, the owner of the house we're renting, has decided to put the house up for sale, instead of renewing our contact. Out of the blue a few weeks ago a realtor stopped by to inform us of all this, that she was canceling her contract with AHI, and putting the house up. We rent through a rental company, AHI. Always suggest going through a company instead of directly with the owner. The fridge needed fixed, and the repairmen was out here the next day. If we were renting directly from the owner, we would have to fix it out of pocket, then have her reimburse us.
This time is particularly frustrating, as this house sat on the market for over 8 months for sale, then she tried to rent it for 6 months, till she lowered the rent price which was the same time we needed a new place. We have talked since, and the owner offered for us to stay, but at $300 more a month. For this area, that new monthly payment would be considerably up market. The owner apparently lives in California, and has something like 9 properties in this area. A few years ago, there were special incentives for investors to buy multiple properties. Well now she isn't meeting her mortg@ge payments, and a foreclosure/short sale is likely.
Our contract is over July 31, so there's seems to be time to find another home. Wish we didn't have to, but such is life.
 
deejeff442

deejeff442

Active Member
evey home we bought was a rent?lease. we like to move around but in the same area.with the market now even if a home isnt for lease just for sale more than likely they will rent it.just send a letter to the owner of a home you like and see.dont bother with the realtor since they dont make money on rent.desperate times now.we just moved two months ago to a sweet little house on 6 acres.the last house was a lease/purchase .we moved out it was 5000 sq ft on 1.5 acres and just found out the home was forclosed and sold at auction april 6th.seeing we moved out end of feb. the owner didnt take our money and put it to the loan.now at this house we got an overnight letter to the owners from bank of america to do a modification.i didnt open it but i know whats inside.but i dont care we were looking at another home before this one 2700 sq ft on 2 acres with an inground pool .she just dropped the price $30000.she is willing to lease/purchase ,so might be moving again.maybe i am a gypsy and dont know it.just saying there is alot of opportunity to lease now with the economy.
 
aquaknight

aquaknight

Active Member
Originally Posted by stdreb27
http:///forum/post/3278596
Buy it...
It's a good rental, but not sure about buying it. I fear I'd be stuck trying to sell it, if we ever put it on the market. Which is somewhat likely, as I see myself back in Orlando, rather then here. It's decent house, 2200sq. ft. 3 bed. 2ba., but this community is more like 3000sq ft homes. The yard isn't the largest, but the main thing is that the road. It's not a main road, but it;s only one of 2 (our neighbors) that are on a 45mph road, and that seems to, rightfully so, turns some people off.
Originally Posted by deejeff442
http:///forum/post/3278661
evey home we bought was a rent?lease. we like to move around but in the same area.with the market now even if a home isnt for lease just for sale more than likely they will rent it.just send a letter to the owner of a home you like and see.dont bother with the realtor since they dont make money on rent.desperate times now.we just moved two months ago to a sweet little house on 6 acres.the last house was a lease/purchase .we moved out it was 5000 sq ft on 1.5 acres and just found out the home was forclosed and sold at auction april 6th.seeing we moved out end of feb. the owner didnt take our money and put it to the loan.now at this house we got an overnight letter to the owners from bank of america to do a modification.i didnt open it but i know whats inside.but i dont care we were looking at another home before this one 2700 sq ft on 2 acres with an inground pool .she just dropped the price $30000.she is willing to lease/purchase ,so might be moving again.maybe i am a gypsy and dont know it.just saying there is alot of opportunity to lease now with the economy.
Definitely have been looking for a lease to own. Just so many people have bought properties, thinking of making money down here, they're either still looking to rent them out, or are finally calling it quits as the house market collapsed, so have the rental prices. Definitely a buyer's market here.
Our rental company has been great though. They are showing us a couple houses this week, and offering some at the same rate we're currently paying, even though they're a little more.
 
meowzer

meowzer

Moderator
So where is it that you live? LOL...as much as I NEVER EVER want to have to move again....I'd probably do what I had to to be able to stay
BUT....I have no clue where you are
 
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