If a seller will entice you w seller financing for 1 year ... They will probably give it for 3 years and even 5 years. Do you expect the market to increase sufficiently in 1 year?
There are typical realtor fees - which vary greatly in markets around North America ... But no standard fees. Fees are negotiable. Price Fixing is illegal for Realtors.
I'd be concerned about the sellers giving you only a 2 year term.
Assuming it is worth $350K ... at 4% appreciation ... the property will be worth $378,000 in 2 years.
I personally would not move forward unless sellers would agree to 2 year term plus extension of minimum 1 year.
... I...
I've done quite a few ... as a buyer ... and as a seller ... and also representing buyers and sellers (as a ReMax Real Estate Agent).
They can be easy ... and difficult.
Mostly it's easy to create a win win.
Fear stops most people from proceeding. (Buyers tend to be more fearful then sellers.)
Had a tenant in Calgary call today.
They say they got bed bugs
I`ll try Progressive.
Any news leads to add this form?
Bryon
QUOTE (Sharon2 @ Sep 14 2010, 02:53 PM) Thankfully we found `Progressive Maintenance` in Canmore. They were THE BEST! They have a dog who can sniff out these little...
Yesterday at Ron Legrands Quick Turn School I answered the question on how to get comparables, by giving out a website that included Ron`s name. Infact, I spelt his name wrong ... which turns out was a good thing. (I got `whacked` for using proper names without permission.)
As a realtor, I...
QUOTE (VicChung @ Apr 30 2009, 10:05 PM) Hello Everyone,
For lease to own, does anyone add the tenant on title? The reason I would add a tenant on title to benefit from a 5% downpayment. If you do add the tenant on title, is there a conflict with the lease to own lease? Any legalities...
QUOTE (housingrental @ Nov 30 2008, 09:19 PM) I can`t comment on your BC course
I can say I think property management is one of the most thankless jobs around
All of the problems of rental realestate without the upside of actually owning the property
Many days I pray for death but it has yet to...
Hey Sean and All,
Had a great day in Hawaii on Oct 11.
To see the race report visit ... Hey everyone,
Hopefully Bryon will be able to post more details but he completed the Ironman World Championship race in Hawaii in 10 hours and 41 minutes. Completing any Ironman is certainly a great feat...
Yes ... it will work.
... take action ... and make it happen!
... now that you know it will work ... what are your next steps in making it a reality?
b