About Rick Stone, Broker/Owner, CRS, ABR, GRI Expertise I am a licensed Real Estate Broker working in the surrounding Cabo san Lucas, Mexico. I have worked the past 11 years in Virginia and Washington DC. I have also represented a custom home builder for a number of years, served as chairperson for my HOA Architectural Review Board and closed hundreds of transactions. I will do my best to respond to any related questions regarding the buying or selling of real estate.
Questions can be regarding your search in finding a great agent to work with and what to do with a bad one. Real estate agency, contract issues, home inspections, real estate investing and property disclosure issues. I'll do my best and wave my magic wand to get you out of problems concerning your builder or be happy to tell you what you should had known before you wrote the contract or before you do. How do you buy or sell raw land, tear down an old house and rebuild new, and all you should know about waterfront properties are good questions too.
I will say this, I am candid with my reposnces and do my very best to offer advice that may teach but there are cases where if as Forrest Gump's mother would say, "stupid is what stupid does" or something like that, I may have to scold you to get my point across.
Experience I'm proud to achieved the following professional real estate designations: CRB, Council of Real Estate Brokers - CRS, Certified Residential Specialist - GRI, Graduate of the Realtors Institute and ABR, Accredited Buyers Representative. I am a member of the National Association of REALTORS, Mexican Association of REALTORS (AMPI) and the Los Cabos MLS. I own and sell waterfront properties so I can address issues related to living on the water. I represented a custom builder for many years and have sold hundreds of new homes so, fire away with your questions regarding new home construction.
I'll do my best to be straight up and help if I can or I will tell you if I can not and who to contact in that event. I am not an attorney and can not provide legal advice. If you are having a dispute with a seller or buyer who has failed to live up to the contract terms, or a tenant that is always late with paying their rent, while I may not be able to help, I may be able to offer suggestions and then who else to contact.
Please, please, please, understand that real estate law, agency and tenant rights / law differs from state to state and so I will best serve those who have problems in Virginia, Washington DC or Mexico. While I am happy to answer all questions from any one who writes me and offer advice, please understnad that in some cases, I may not be able to help you at all. Please tell me what state your property is located in, if you have a problem with commissions, discharging agents, getting out of a contract, do us both a favor, first look in your documents for the language therein and when you write me, please say that you have re-read that wording.
If you have not yet hired your agent, write me for essential questions you should ask first and save yourself a lot of time, agony, misery and possible financial unhappiness.
Expert: Rick Stone, Broker/Owner, CRS, ABR, GRI - 1/1/2007
Question i have a house in nc like to sell it,and i also will try rent to own,how does rent to own work?
Answer Hello Jason and thank you for your question.
Rent to Own, Contract for Land or Land Installment Contract is a legal agreement between the Seller and Buyer that:
establishes a purchase price in the definable future,
gives the tenant (renter) the option to buy the property with in a specific time,
allows the tenant to live in the property during this time,
this agrrrement may have provisions that all of or part of the rent paid be applied to the purchase.
the Seller at the time of purchase may hold the title and offer the Buyer financing until the Buyer can obtain financing on their own or, the Buyer can obtain financing on their own at the time of sale and then the title will transfer at closing.
an attorney should be used to prepare the documents and be involved in the transaction.
I hope this will give you some ideas.
Please let me know if I can be of any further help to you.
