If they truly can buy, some of the reasons are fear, short term plans to relocate, comfort with their current location, just to name a few. Right now, with the past 4 years or so of declining market in much if not all of the country, I've been advising clients to hold off if they aren't committed to owning for at least 3 years and possibly 5.
I do believe the market will return and that many current buyers will be thrilled with their choice to buy now while rates & prices are low, but buying is a decision people have to be committed to and comfortable with to move forward.... more
I think it is. The sellers can not sell easily and need to rent it out. What you need is to negotiate with your landlord and put it in the rental contract. Try to be specific such as 20-30% of rent can be applied toward down payment.
If you pay your rent on time and keep the house tidy, the landlord will consider you first before others.
Get on my website and there is a calculator allowing you to compare both cases to arrive at a long term cash flow. Assume 4-5% annual appreciation after we get out this recession. In Newer neighborhood such as Silver Creek Valley they will appreciate faster than Monterey/Ford Rd side of 95138.... more
Depending on the price you are trying to sell your home for, there are many buyers in the Cambrian area. Folks are price sensitive, but good properties are selling!
The decision to sell or rent is based on your needs. If you have owned the property for a long time, you will still be making money!
I am very active in your neighborhood. Please let me know if I can answer any other questions for you. I can definitely give you good insight into the Cambrian market.
Alain Pinel Realtors
Yes you can buy any house for cahs and yes you can rent any house to Section 8 but be aware Section 8 has a mximum rent based on number of bedrooms and market area. For example, in East Palo Alto maximum rent for a 3 bedroom Section 8 tenant is $1800.... more
This property is a short sale - which normally means the owner is behind on their mortgage and owes more than the sale price.
So, the short answer is "no". This owner is in no position to offer that.
That being said, there are other properties. Do you need to stay in this neighborhood?