For Rent in College Park>Question Details

frababylove, Renter in College Park, GA

do u have rent to own for this house?

Asked by frababylove, College Park, GA Mon Aug 20, 2012

Help the community by answering this question:


Hey "Renter in College Park" Ron is absolutely right a "rent to own" or Lease option is not always the best situation. it for the most part only sounds good.. Contact me & we can talk about your immediate needs & option for whatever your financial situation maybe today & with some financial expertise you can get some opinions on how begin to prepare yourself for a future purchase. Kaylane Peters. Keller Williams Realty Metro Atlanta 504-373-9696.
1 vote Thank Flag Link Mon Aug 20, 2012
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!
0 votes Thank Flag Link Mon Aug 20, 2012
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