Answers For Owners Blog

We are selling a vacant residential building lot in South Amboy New Jersey (View Google Earth Aerial). The lot was recently subdivided by the town and is approved for a single family residence.

Here are the particulars of the lot for sale:

• Just over 5000 square feet in size
• Zoned residential
• Lot is clear and level
• Last lot on a dead end street
• Utility connections are available
• With municipal setbacks in place a 3 bedroom 2 bath home can be constructed
• A survey of the property was completed in July 2007 and will be included in sale

The asking price for this lot is $179,000.

If you are interested in purchasing this property call or email us today!

Tags: new jersey : south amboy : building lot : real estate : fsbo

Posted by Rich | Permalink | Email This Post | Comments (1)

Posted In: Properties For Sale

Bookmark:

If you have ever clicked on the Buy A Home link above, you already know that in addition to buying houses, we also sell houses.

WE ARE NOT BANKERS! That means we understand that everyone does not have perfect credit and zero debt. We are a company that prides itself on working with people fairly and honestly. If you have had a past bankruptcy, or have been denied by other lenders, we still can help.

We have a lease-purchase program second to none which allows you to purchase a home that is priced fairly, has incredible terms and does not require a large initial deposit.

In the current lending market our lease purchase program is attractive because we work with tenant buyers to get them into a nice, clean rehabbed home today and make sure they have the ability to purchase the home at a later date for a fair price. Our best partners in our lease purchase program are people who may have had some credit problems in the past but are working towards improving their financial situations.

Our Lease Purchase Program
Our lease purchase program is modeled after the one developed by Scott Frank and Andy Heller. What we do is offer our tenant-buyer the ability to get into a nice home for a low option payment. We like to create a longer option period for our tenant buyers so they are able to work on their credit and be sure they can qualify for a mortgage when it comes time to exercise the purchase option. The time frame of the purchase option is anywhere between 24 and 36 months. Additionally we will apply a portion of the monthly rent paid to the tenant-buyers eventual down payment.

Now for what really makes our program different from those offered by other investors. We Lock In The Purchase Price For The Home For The Entire Option Period. When we approve our tenant-buyer and they sign either a 2 or 3 year lease option on our property, the fair market value of the property on that day is the same amount that the tenant-buyer will purchase the property for at the end of the option period. We believe this aspect of our program creates a win-win situation for our tenant-buyer by allowing them to get into a quality home and purchase it a reasonable price. We feel that their dedication to working to improve their credit is worthwhile for us to pass along any appreciation the property experiences while they are there.

Tags: lease purchase : new jersey : real estate

Posted by Rich | Permalink | Email This Post | Comments (0)

Posted In: Properties For Sale

Bookmark:

Are you currently renting and looking to purchase a home? Or are you an investor looking to purchase a single family home at a reduced price, which can be rented for an immediate positive cash flow?

We recently acquired a 2 bed 1 bath Cape style home in a very nice section of Woodbridge New Jersey that is now for sale.

Here are the particulars of the home:

- 2 Bed
- 1 Bath
- Basement has been redone and can easily be finished to add a 3rd Bedroom
- Gas
- Vinyl Siding
- Newer windows
- Hardwood floors
- Corner lot on side street
- Very close to Woodbridge Center Mall, Rtes. 1, 9, 440, 287, Garden State Parkway and New Jersey Turnpike as well as New Jersey Transit Train and Bus

If you would like to see more pictures of the home you can visit our Flickr Photoset here.

If you are interested in scheduling a time to see this home email here. Please Be Sure To Reference #327 in your email.

Posted by Rich | Permalink | Email This Post | Comments (0)

Posted In: Properties For Sale

Bookmark:

Clearwater Properties buys all kinds of houses from all kinds of sellers. Usually we will buy a home and "rehab" it so it can be sold on the retail market.

Often times we will offer these rehabbed homes under a 3 year lease purchase agreement that allows the buyer to get into the house for a low amount of up-front cash and offers a a percentage of accumulated rent credit which is applied at closing to the locked in purchase price. In a future post I will go into a deeper explanation of our lease purchase program.

There are also situations where we acquire a property that we do not intend to rehab and we turn around and sell it to another investor or handy homeowner who wants instant equity in a property.
Recently we acquired such a property in Hamilton New Jersey.

Here are the particulars of the property we have for sale:

- Cape Cod
- 3Bed
- 1Bath
- Lot Size 49' x 107'
- 2007 Taxes: $4,732
- Garage
- Vinyl siding
- Steam Hot Water Radiator Heat
- Gas

The home needs repairs made to its kitchen and bathroom and other general cosmetic work. The ARV (after repaired value) based on comparable sales is $235,000 and the necessary repairs to be made are estimated at $15,000.

Take a look at pictures of the house here.

Are you interested in making an offer on this property? If so, email us. Not interested in this house but want to be "in the loop" when we have other properties for sale? Sign up here.

Posted by Rich | Permalink | Email This Post | Comments (0)

Posted In: Properties For Sale

Bookmark: