No. of Recommendations: 0
<<Should I start the prequalification process? Should I look for a realtor and check out other properties in the area? We have a lease thru December and I know that the landlord REALLY wants us to either stay there, renting or buy from him. I also know that he had the place on the market before we rented it, but he didn't get any offers he liked. He's kinda cheap, but he's been doing some home improvement since we've been there, in an effort to keep us happy. So far, he's replaced the water heater, dishwasher, installed new ceiling fans, paid for the supplies for painting we just did. Next month, he'll be retiling the kitchen. So, the place is actually going to be very tailored for what we like.>>

Some random stuff:

1. Just to get an idea of the market, you may want to go to some open
houses and such if you haven't already. Also, have a look at recent
closed sale prices in your region (as opposed to listing prices).
You can get this info from

and other places. If you live in a big condo complex, this info can
be particularly useful as you can see exactly what units like yours
have sold at recently.

2. When the time comes to do the actual deal, you will want to get
some kind of agent or lawyer to handle the zillions of little things
that need to be done to make a real-estate transaction work (title
search, escrow, inspections, termite work, etc). I once went through
a fixed-fee agent on this sort of deal, and you could also hire a
real-estate lawyer - or you could just get an agent and negotiate a
deal on the commission (any ideas from others?) But don't try to do
this yourself - or let the landlord do it - as there are too many
ways to screw up.

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