Buying a Lagua Beach Home with a Lease Option Program
Whether you’re staying for five days or five years, renting a Laguna Beach home can be a good investment. You get to enjoy the perks of beachside living, but you don’t have to pay the full price for Laguna Beach property, which can easily amount to several million dollars. But just like home buying, and just like any other market, there are good and bad deals out there. If you’re on the market for a Laguna Beach home for lease, here are some tips worth keeping in mind.
Get a realtor
Real estate agents aren’t just for home buying and selling–many of them also specialize in rentals and leases. In coastal areas like Orange County, the market for rental properties can be pretty active especially in busier seasons. With a Laguna Beach realtor, you can sift through your options more efficiently and find one that really suits your needs. Make sure to choose a realtor familiar with the area you’re looking at, and who has significant experience in rental properties in addition to buying and selling.
Shop around
Not every Laguna Beach home for lease will offer the same value for your money. Problems such as the condition of the home and what’s included in the bill often arise even after the contract is signed. That’s why it’s important to weigh one’s options and look at each home from every angle. Look beyond the price tag–even two identical prices may constitute completely different deals. Your Laguna Beach realtor can help you set your criteria and limit your search to homes that suit your needs.
Negotiate
Once you’ve found the ideal Laguna Beach home, it’s time to work on getting it for the price you want. Often, the price it’s listed for is open for negotiation–it’s simply a seller’s way of trying to maximize his profits. Consider leasing in the off-peak season–you might have fewer options, but homes tend to be cheaper and it’ll be easier to negotiate since there is less competition.
Prepare your documents
To make things easier for you and the proprietor, make sure you have all the necessary documents ready before starting your search. Financial statements, references, and credit reports are some of the most common requirements. Also, ask your Laguna Beach realtor about getting pre-approved–many agents can help you get an approval statement from the bank to show owners that you are financially able to rent Laguna Beach home.
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