Turn your Clocks Back Sunday 11/4/2018

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Daylight Saving Time ends this weekend. Don’t forget to turn your clocks back an hour this Saturday night before you go to bed.

How will you spend your extra hour?

Enjoy the weekend!

P.S. Here’s a fun idea to put that extra hour to good use: Stop by some Open Houses to see what your next dream home could look like. Just call or email me.

Is renting to buy still an option?

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Sometimes the desire to own a home is so great that renters just can’t wait, even if they don’t have a down payment to buy a home. How do they do it? Through a contract with a seller called a lease-to-own agreement.
While it’s rare to see in a seller’s market when inventory is low, there are times when sellers will offer this arrangement. Basically, this is a delayed agreement to purchase the home in the future at a price that is fixed today.
How it works:
  • The amount of the rent is above the going-market rate.
  • Extra funds above the market rate will count towards the renter’s down payment in the future when the home is purchased.
  • Lenders typically still allow those above-market funds collected to count towards a down payment as long as everything is documented.