RentToOwn-HouseFinder.com

My boyfriend and I are looking at a rent to own house valued at 234,000?

Do you think rent to own is a good or bad thing? We really want to make sure we're doing the right thing. My boyfriend knows the guy that is selling the house and actually use to live next door to it. But we still want to make sure we don't end up screwed. Any advice before we speak to a lawyer? Thanks!

Public Comments

1. I don't suggest renting to own. If you are really interested in the house just buy it, if you can't afford to buy it maybe you should reconsider what you are doing.
2. not even lawyer is a person you should ever trust. Consult bank loan first. Do not make snap decision,
3. better to hold off, save and buy. rent to own is tricky if you dont have it in writing and even still if the seller backs out to sell later. remember to get everything in writing
4. Don't do it. That is probably a scam. If you want to own a house look into foreclosures. There are a ton of them out there right now, and the banks will sell them for what the previous owner owed or less. Talk to local banks first and you might save some realtor fees, but if that doesn't work talk to a realtor. That or see if the person will let you assume their mortgage. THROUGH THE BANK!!!
5. make sure the paperwork states that it's rent to own! It's too easy for things to mess up here.