Homes for sale in Huntsville AL; Huntsville AL MLS news.

Monday, September 12, 2011

Huntsville homes for sale; Lease purchase homes in Huntsville

Huntsville homes for sale; Lease purchase Huntsville homes revisited

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Huntsville homes for sale; Lease purchase Huntsville homes revisited

Generally no portion of the rent is applied to the rent. It might be a pointof negotiation with the owner to have a portion of the rent apply topurchase.
In the past when we did apply rent to purchase. The purchaser’s lender tookexception. We had to restructure the transaction to apply the accrued creditto purchaser closing costs.
On price, we would need to negotiate with seller to see what they arewilling to do. In general the price on a 12 month LP would be greater than a6 mo to account for appreciation.
We would need a rental application and a preapproval (even if it containscontingencies) from a trusted lender. We would present an offer to Sellerand negotiate as with a normal sale.
We use standard HARR paperwork and our standard lease.
Huntsville homes for sale; Lease purchase Huntsville homes revisited

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