RentToOwn-HouseFinder.com

What is the best website for rent to own houses in PA?

Somewhere between pittsburgh and erie?

Public Comments

1. Contact a real estate agent in the area in which you are interested. There are always "owner financing" and "rent to own" properties in the MLS. He or she can advise you and help you see properties and choose one that best suits your needs. You will have to qualify to rent. You would also have to settle on a lot of details about such as purchase price, when the sale is effective, how much down payment, does any of the rent apply toward the purchase, what interest rate will apply, how long is the loan and on and on. If you are truly serious then you will need both a professional real estate agent and a good real estate attorney. Your agreement should also address any change in price or interest rate if the transaction is to be finalized in a year. Would the price be at the appraised value at that time and would the interest rate be tied to the market in some way? What happens to your deposit if you change your mind? By the way, only about 1% of these arrangements actually close.
2. Be very, very cautious, as there are a TON of scammers taking advantage of those looking for a RTO. There is a home in my neighborhood that is on its 4th or 5th RTO person, the owner takes them on as RTO, then finds a reason to evict them, of course keeping their deposits. Then along comes the next victim, and the cycle repeats. There are plenty of stories about people entering a RTO, only to find out the house is knocking on the door of foreclosure and the new prospective owners have little or no recourse. Try the local Realtors, or the local newspapers, call about houses for sale and ask if they would consider RTO.