New Construction, Resale, Vacation & Investment Property Real Estate – Rich Noto Realtor
Renter to Homeowner
Stop Paying Rent
I was a renter for many many years. It can be tough to get out of. Sometimes financially it is not possible. Other times mentally due to increased responsibility or possibly being away from the property for extended periods of time. Renting can be a convenience and it also can be a headache with a lousy landlord or property manager. Living where things are run down, broken, or just not being repaired is a struggle and stressful.
As a renter there is no equity building. Unlike owning a home where you can sell the property to get back some of the money. And down the road possibly do a reverse mortgage in later years to live on.
Before you consider owning as not being possible. Take a step back, STOP listening to other people. STOP imagining, creating your own scenarios, and go out and get the FACTS! It’s possible that with some management on your part possibly right now or in the next year or two you could be out of the renters rut.
Find a lender. Tell the lender you want to be Pre Approved (not pre qualified). The lender will go through all your income and debts. Looking at tax returns and statements. When the process is over, possibly in 3 days or less. You will know exactly what you need to do if you did not qualify. Ask the lender why you do not qualify, or if you did but its to low ask what you need to do to improve it. It may be as simple as paying off debts or possibly 2 years of stable or higher income.
Please Contact Rich Noto Winter Garden Florida Realtor with any questions.
Here is a great list of homes in Winter Garden 34787, Windermere 34786 and Orlando 32826 Florida. This price range is a great for getting out of being a renter.
The idea is to purchase a home that will have a mortgage payment similar to the current rent.
Other towns in Florida will have lower priced homes that may be more affordable. Contact Rich Noto For More Information and Lists.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID.
Based on information submitted to the MLS GRID as of 9th December, 2023 23:00 MST.
All data is obtained from various sources and may not have been verified by broker or MLS GRID.
Supplied Open House Information is subject to change without notice.
All information should be independently reviewed and verified for accuracy.
Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.
Listing Data last updated: 9th December, 2023 23:00 MST