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David Gowans's Advice

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  • 103 Contributions
  • 7 Best Answers
  • 13 Helpful

David Gowans wrote:

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 
August 04
(0)

Help in finding a House for rent in South San Francisco, Daly City, Pacifica, CA area

Answer
Best thing to do is check Rent.com or troll craigslist. Just BE CAREFUL. There are a lot of D-bags on there pretending to rent places. Don't sign anything or give up any money until you know it's legit:)
August 14 2013
(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
June 23 2013
(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.
June 09 2013
(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
May 26 2013
(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.
May 23 2013
(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
May 14 2013
(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
April 19 2013
(0)

Why is the value of my house dramatically lower than every other house in my neighborhood?

Answer
You just need the home's attributes updated. I do this for the homes I list as a realtor, and it always does a value adjustment. It's an easy thing to do once you get it listed for sale. I would think you could claim the home as your own (just as I would claim it as my listing) and make the appropriate adjustments.David
April 19 2013
(0)