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MADISON ALABAMA, HUNTSVILLE ALABAMA
HOMES FOR SALE
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| | MADISON ALABAMA, HUNTSVILLE ALABAMA REAL ESTATE AGENT
I am very familiar with the Northern Alabama area and work hard providing buyer and seller representation of Homes for sale in Northern Alabama, Madison, Huntsville, Harvest, Hazel Green, Athens, Toney, Monrovia, and The Village Of Providence Alabama | |
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Nick T Pappas
AT HOMES REALTY GROUP
100 PROVIDENCE MAIN STREET, SUITE B
HUNTSVILLE, ALABAMA 35806
(256) 230-5933 Office
Email: Nick@NickTPappas.com
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Call or email me about any of these currently available properties.
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| Looking for Current News & Information Visit Our Madison and Huntsville Alabama Blog
SELLERS!
Have a home for sale? If you live in Madison Alabama, Huntsville Alabama, or anywhere else in Northern Alabama, and are planning to place your home for sale in the next few months, this FREE service is designed to help establish your home's current market value. Simply choose Market Analysis and fill out the requested information. I will use comparable sold listings to help you calculate the fair market value of your home.
BUYERS!
Automatically receive personalized MLS listings by e-mail for homes for sale in Madison Alabama, Huntsville Alabama or all of Northern Alabama. Early each morning I will search the local MLS and find the homes for sale that match your criteria and notify you immediately with the latest listing information!! Simply choose Dream Home Finder and fill in the requested information. Or, search for yourself at Search For Homes.
What a buyer needs to know
Home Buying Lease Purchase Or Lease Option What's The Difference
I've posted about this topic before, but because of all the calls I'm getting from customers wanting to know if the seller of a certain property might also be willing to offer a lease purchase or lease option I feel it's worth repeating.
Most callers do not know the difference between a lease purchase or lease option and depending on their finances or individual circumstances one or the other form of purchasing a home may not be available to them, however, the process of each is much the same as with a standard (if there is such an animal) straight forward home purchase...at least in the beginning.
LEASE PURCHASE:
With a lease purchase the buyer has his/her financing in order and for whatever personal circumstance is unable to actually close on the purchase of the home until some future date, usually a year out, but totally negotiable. Depending on the terms, buyer and seller are able to negotiate, the buyer is usually required to put down a significant down payment (usually not refundable depending on terms of the contract) and pay rent or lease money during the agreed lease period until the future closing date. A portion of the lease money can sometimes be negotiated to apply towards the purchase price of the home. This transaction often works well for the buyer and seller who may have missed an opportunity because of timing.
LEASE OPTION:
In the lease option method of purchasing a home the buyer is also putting down a significant down payment or option money paying for the "option" to purchase the home at a future agreed date. The buyer rents or leases the home for the predetermined lease period and typically is not allowed to apply any of the lease money towards the purchase of the home. At the end of the lease the buyer does not have to exercise his/her right to purchase the home and may walk away at the end of the lease period. However, "option" money is not refundable and it's understood that the seller will retain it. The buyer is only buying the option to purchase the house.
As always, if you have any questions about your specific situation or would like to discuss how you may benefit from this program, please call or email me. I'll be happy to sit down with you.
I specialize in representing my clients in the purchases and sales of single-family residences within the cities of Madison Alabama, Huntsville Alabama, and all of Northern Alabama. I keep current of all transactions in these areas, and I'm also very knowledgeable with the local schools.
Personal
I really love time spent working in real estate and that leaves me little time for other things, but when I get a chance for a little R & R, I like traveling, I'm currently a black belt in a Martial Art known as Aikido, tennis, golf and motorcycling. | |
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Each Office is Independently Owned and Operated.
Madison,Huntsville,Providence,Harvest,Monrovia,Hazel Green,Athens,Hampton Cove,Meridianville,Toney,New Market,Gurley,Owens Crossroads, Lacey Springs
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