RentToOwn-HouseFinder.com

Has anyone ever done a lease option or rent to own deal on a new home?

i was looking into lease options or a rent to own situation but don't know if they are a good deal or not for a 1st time homebuyer with poor credit.

Public Comments

1. It can be a very good deal, leasing gives you an opportunity to be sure the neighborhood is what you are looking for and also to test your financial stability (make sure you can afford all the expenses of keeping up a home) before you purchase a home with a large mortgage. You also might find wonderful (or yukkie) things about the house during this time you were not aware of!!
2. rent to own or lease with option to buy. The thing is, if you are looking to be a first time homeowner with poor credit, doing a rent to own type deal would be best for you. You don't have to have a bank finance you.