2007-05-09 08:57:32 · 10 answers · asked by electricwhitewinds 1 in Business & Finance ➔ Renting & Real Estate
I agree with getting pre-qualified and simply ask. If they say no and you are pre-qualified you could always buy your home elsewhere. Just a thought. Good luck
Bob Laibach
www.gogreedy.com
2007-05-09 09:09:13 · answer #1 · answered by Robert L www.gogreedy.com 2 · 0⤊ 0⤋
Ask them if they have any interest in selling their place. IF so, how much would they ask for it (that does not mean what they accept as the best bid) and if not then you know it is best to look at another house. There are land contracts available if an owner is willing to offer one. That is different than buying it with a bank loan. That is like paying a portion of what they ask then for it towards rent and the rest towards the ownership. That probably takes longer to have it and costs more to invest in the long run outlook of it usually. See if you get a home loan and how much for first before you even ask.
2007-05-09 09:07:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would start by determining what the place is worth (zillow.com probably knows), and determining whether there is sufficient money available to pay that price. If these basic sanity checks pass, then you can simply write or telephone the owner to see whether they have any interest in selling. Since you are making the first move, you cannot expect them to offer it to you for a bargain price, but at a fair market price a deal may be done. If you reach an agreement in principle, it is time to draw up a sales contract to handle all the gory details; see a stationery store to get a blank form for real estate purchase contract. (You will never think up all the details if you try to draw it up yourself; the last one I did was cribbed from such a form.) If agreement is reached and everybody signs off, you take the contract to an escrow company (or whoever handles real estate closings in your area) and have them get started grinding out the paperwork.
2007-05-09 09:28:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I would simply ask, in conversation, if they ever thought about selling the house. Then you need to see what it appraises for. Also, you might consider negotiating that a portion, if not all of what you have paid for rent, could be deducted from the purchase amount.
It never hurts to ask. They might have had it on the market for awhile and just could not sell it.
Also, this is easier when the landlords are older. They tend to want to get out of the rental business because of their age, health, and limitations on what they can do. It may be hindering to them to continue to be a landlord.
Good Luck!!!
2007-05-09 09:04:08 · answer #4 · answered by ladybug 2 · 1⤊ 0⤋
A Real Estate Broker can help you to write the offer. A Mortgage Broker or Lender can help you to determine how much you can afford and borrow. Talk to the owners -tell them you have a good news for them:) Just do not affraid to ask. Who knows maybe they were thinking to sell their house for a while.
2007-05-09 09:12:52 · answer #5 · answered by p4elka29 1 · 0⤊ 0⤋
First pre-qualify for the money, ask your mortgage lender if he/she knows of a way to right up an offer and then submitt it to the owners. Now be sure not to insult them by offering to little, good luck to you.
2007-05-09 09:02:33 · answer #6 · answered by preshus 3 · 0⤊ 0⤋
I would mention to them that you are looking but you do not want to move. Ask them if they have considered selling. If they are receptive, you will have a deal. If not, then look elsewhere.
2007-05-09 09:04:30 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If you know them personally, just ask them. If not, send them a letter.
2007-05-09 09:03:18 · answer #8 · answered by Ralfcoder 7 · 0⤊ 0⤋
The old fashioned way---ask them !!
2007-05-09 09:02:34 · answer #9 · answered by MIGHTY MINNIE 6 · 1⤊ 0⤋
Just ask them... what can it hurt? Call them or write an e-mail.... however you can contact them...
2007-05-09 09:04:40 · answer #10 · answered by generalms02 3 · 0⤊ 0⤋