Home Properties Renters Partners Agents FAQs References

Move in Process

All my properties are strictly rent to own aka "Lease/Options." I DON'T DO RENTALS. Go here if you didn't read about rent to own.

 

There are three things you should do before driving by a property.

1
Verify that the property is available. The upper left hand corner of each property is modified continuously. My properties are modified by dozens of people 24x7. Seriously. Status changes every hour on many properties. Contract pending means someone has a contract in their hand but hasn't come up with the "asking down."
2
 You need to have at least half the "Asking Down" for a particular property. Otherwise you are just wasting everyone's time. On any given week, 10 properties come and go. If you don't have any money to secure a property you will be driving across town for nothing.
3
 Check the estimated mortgage for that particular property. You need to make about 3 times that at the end of the lease to qualify to purchase. You know if you are going to make 3 times the mortgage. Read this page about mortgages if you don't understand what I'm talking about. I want to help you purchase a home - not choke on it.

You Live In Town

1
Drive by the property. I will not show you the home until you have driven by it. I will quiz you so don't try to make stuff up.
2
Call me to make an appointment. I generally show properties on Wednesdays and Saturdays. I recommend that you make an appointment during daylight hours as some of these don't have electricity turned on. I can meet you as early as 5am and as late as 9pm. If you have not done steps 1 and 2, I will not make an appointment. BE ON TIME - I'm a stickler for punctuality. I have other people in front and in back of you so if you are late, you will probably be rescheduled.
3

If you like the property and you have the Asking Down, we can get down to business of negotiating a contract. There are 5 variables that come into play:

  • The lease period, purchase price, asking down, monthly and rent credit.

All of these are negotiable. I put most of this information on my web siteas a starting point. The important issue here is that you and my partners have to come to an agreement that is acceptable to both parties. I really do attempt to reach an agreement that is fair for everyone.
4
You, my partner and myself sign agreements. Go here if you want to see an example of an agreement. Sample Agreement.
5
A substantial amount of money is required to secure a property. Once contracts have been signed and a major portion of the option fee has been paid, the property will be removed from my web site.
6
You get the keys when you have satisfied the option fee agreement.

 

You Don't Live In Town

The properties you see listed will be gone in about 3 weeks. I recommend checking the about 4 weeks before your move date. I won't show you houses any more than 5 weeks before you move out here - we would just be wasting each other's time.

1
Contact me a week before you arrive!! Email me or call me with your itinerary so that I can arrange to meet with you. I am usually booked several days out so the sooner you get me your information, the better service I can provide you with.
2

You will need to drive by the properties you are interested in before our appointment. Sorry folks. Lately, I've had too many people from out of town waste my time. You will get the feel of a house and neighborhood by driving around and looking.

I highly recommend you get a 2007 Thomas Guide at any Walgreens, Save-On, or Rite Aid. This $25 book will save you countless hours of frustration. It's an excellent investment that you will keep you from killing your spouse or significant other. You will be extremely happy that you did.
3
Once you are in town, you will need to call me again since you probably don't have access to the net, call me to make sure the property is still available.
4

Since you've gone through all the trouble of completing steps 1-3, I will be flexible on the day we meet. I recommend that you make an appointment during daylight hours as some of these don't have electricity turned on. I can meet you as early as 5am and as late as 9pm.

BE ON TIME -I'm a stickler for punctuality. I have other people in front and in back of you so if you are late, you will probably be rescheduled.

5

If you like the property and you have the Asking Down, we can get down to business of negotiating a contract. There are 5 variables that come into play:

  • The lease period, purchase price, asking down, monthly and rent credit.

All of these are negotiable. I put most of this information on my web site as a starting point. The important issue here is that you and my partners have to come to an agreement that is acceptable to both parties. I really do attempt to reach an agreement that is fair for everyone.
6
You, my partner and myself sign agreements. Go here if you want to see an example of an agreement. Sample Agreement.
7
A substantial amount of money is required to secure a property. Once contracts have been signed and a major portion of the option fee has been paid, the property will be removed from my web site.
8
You get the keys when you have satisfied the option fee agreement.

 

 

 

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Jim Eagan (702) 287-1092 jim@ifindproperties.com