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Jean, Home Buyer in Sugar Land, TX

Where can I find rent to own homes?

Asked by Jean, Sugar Land, TX Tue Jul 10, 2012

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3
Own Realty Group’s answer
Many people use the term "Rent to Own" synonymously with Lease with the Option to Buy. Regardless of the terminology is you are looking to lease with the option to buy we can help you. Feel free to contact us at mail@ownrealtygroup.com.
0 votes Thank Flag Link Wed Jul 11, 2012
Your are looking for a lease purchase property and in reality is this does not exist. Agents use the term "lease purchase" very loosely and it does not really exist. There are no Texas Real Estate Forms for this. In order to do a lease purchase, you will need to hire a real estate lawyer to create the contract and this will not be cheap. What people think is that if they do a "lease purchase" a portion of the monthly payment will go towards the down payment. Banks will not recognize this when applying for the loan. You are better off looking for owner financing if you are unable to secure a loan yourself. This may require a large down payment and higher interest rate depending on the seller. Hope this helps.

Mitch LeJeune, ABR, GRI
Broker Associate
RE/MAX VINTAGE
Direct: 281-352-5668
E-mail: Mitch@HomesByMitch.com
http://www.HomesByMitch.com
0 votes Thank Flag Link Tue Jul 10, 2012
It definetly did thank you.
Flag Tue Jul 10, 2012
Maybe Craig's list. .........................
0 votes Thank Flag Link Tue Jul 10, 2012
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