RentToOwn-HouseFinder.com - What do you think of Rent to Own for a house?

What do you think of Rent to Own for a house?

I am thinking of "Rent to Own" on a house - is this wise to go ahead or not to? Just wondering i was thinking of getting a house this way. Thanks

Well, depending on where you live, the market could be really bad. Once you own a house, you are there until you can sell it. It may be a good idea to see if it's the house for you. As long as you're not in a contract to purchase the house, just to rent, I would.
To me, they are not good options. As a Realtor, I don't recommend them.
It is difficult to find a Seller that will do this. If you find an amenable Seller, the written contract should require many things, including but not limited to: the rent should be applied toward the purchase price; the ultimate purchase price should be stated; the contract should prohibit the Seller from placing liens on the property after the date of the contract;the Seller should provide you with a title insurance commitment and survey at the time of the closing; you and the Seller should execute an "Article of Agreement for Deed". It would be prudent for you to retain your own attorney to do this deal.