What is your reasoning behind wanting to rent w/ an option? If you can negotiate an extremely aggressive price and need the extra time to save a down payment then that makes sense but otherwise I don't see much upside. The market is declining and will continue to decline for the next 12 months so any "fair" price you negotiate know will likely be too much by the time you go to exercise your option.

I'd love to know more about your specific situation, so call me if you're interested in my assistance.

Scott Newman
Newman Realty

Ms. Jackson:

I don't have a specific answer to your question, but if you haven't found your property yet our program might meet your needs. Check out the website http://www.SuburbanRTOHomes.com . We purchase foreclosed homes throughout the Chicagoland area gut them, rehab them, and put them back on the market for a short term rent to own. We apply all your rents and security deposit 100% towards the downpayment on the home. All our homes come with new stainless steel appliances in the kitchen and a new washer and dryer. When you visit our website, make sure you click on the big red box that says 'how it works' - call me for more details at your convenience at 630-430-1091.

Good luck!

Kurt Clements
Wph 630.806.7016
Fax 630.723.5233
Cell 630.430.1091