RentToOwn-HouseFinder.com

Whats the deal with Rent to Own homes?? How does it work ?? is it hard to get into? Is it a rip off?? Do tell!

Public Comments

1. It is usually for people who don't have enough for a down payment and closing costs, and who aren't sure they want to commit to purchasing. On the other side of the fence, the seller usually either has trouble selling the property or is asking considerably higher than market value. That is not always bad, consider if your market is moving up, and consider all your options. Look at the long term costs. Also, the rent payment is usually quite a bit higher than normal rent would be, with some credited to a potential purchase. The seller may be expecting most people to move on before the strike date, and they pocket all the high rent, then sell at a higher price to the next person in line. By the way, you probably should be aware of some pitfalls. Check the title report, make sure the seller doesn't have problems. You realize that they could run into foreclosure problems, tax liens, etc., so your lease/option agreement should address what you can do to protect your investment. Also, the