Profile picture for David Gowans

David Gowans

Agent

Realtor (7 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Consulting

Advice

  • (103 Contributions,
  • 7 Best Answers,
  • 13 Helpful)

Contributions are sorted newest to oldest.

is there such a thing as rent to own?

Answer

Yes, there is such a thing. No, owners can't change their minds as long as the lease option is on paper and stipulates the renters unilateral execution of the option without paying the price as outlined in that agreement.It's all about exactly what the agreement is IN WRITING.Enjoy!David "The Man" G 

  (0)
Can I get a purchase loan?

Answer

Most likely, yes. Talk to a good, reputable mortgage broker or your favorite lender (just not the no that foreclosed on you:) and they should be able to help. [content removed by Zillow moderator due to self-promotion. Please refer to our Good Neighbor Policy for more information.] David

  (0)
Why does my home show up as a foreclosure?

Answer

If you can provide your address, I can look up your tax assessors record and see if there is any apparent reason. Otherwise, it would likely be just another Zillow inaccuracy.

  (0)
Moving from Europe to SF area. Please suggest: could foreign citizens get land ownership?thx

Answer

Absolutely! The only thing that you would have to deal with that a US citizen doesn't, is when it's time to sell the property, the state of CA requires that you surrender a small amount of your proceeds (known as tax witholdings) to cover any taxable gains. Any of those witholdings that are not needed to cover taxes are returned, eventually.Otherwise, no restrictions that I'm aware of.David

  (2)
Does a new owner have to adhere to agreements the previous owner agreed to

Answer

If it was an "agreement" that tells me that the easement wasn't changed and that you had an agreement between you and the 1st neighbor. However, if the easement was changed, that should have removed the issue in question. In any case, a new owner that was not party to a previous agreement may not have to abide by it. I suggest collecting all the facts and consulting with a real estate attorney. In fact, I know one that is also a real estate Broker, if you'd like to talk with her. Just let me know.

  (0)
How do I find out what rents I should be chargeing ? I think I have fallen behind !

Answer

Never, ever use an asking price to calculate value, period. Always and only use sold or rented values. These are the true indicators of value. These sold/rented values are what appraisers, banks and brokers all use. That is the ticket to success.How to find them? You'll probably have to make some calls, or have someone else do it on your behalf.edit: You'll want to call or email those that have listed their homes for rent and successfully rented it out, and politely ask what they managed to get for their place.David

  (0)
Is this a scam?

Answer

It could be a scam, but it could be legit too. I suggest employing a local agent to "qualify" them and find out for you. It costs you nothing unless you actually sell. We also drive the transaction to make sure everything stay on the up and up.This is what we do for a living. Let me know if you'd like the help.David

  (0)