How can I find Rent to Own listings?

Melissa
Home Buyer
Wausau, WI

I was unable to obtain a loan through WHEDA since I am young with limited credit history.
At this point I feel my best bet may be to find a home that I am happy with that would offer Rent to Own.

I've found it's difficult to search for these listings. Any advice on how to find these properties? Thank you!

Answers (2)
First to answer: Lana
Karen Wenzel, e...
Agent
Milwaukee County, WI

Melissa,
If you are working with a Realtor, you may want to have him/her do a search on MLS with the search criteria that specifies (rent/option or possibly Seller may assist) Then any listings that state that the Seller may entertain a rent with option to buy would pop up.

It may be difficult for you to do this search on public access sites, depending on the search criteria the site allows. I know of a side by side "townhouse-style" condo in Schofield that may be a possibility for you rent until you are in a more secure position to buy. (As property is currently for sale and is vacant. Seller would consider a rental. It is on MLS #806651 http://www.teamtotrust.com

All the Best to you

Thu Sep 18 2008, 10:02
Lana
Agent
Schofield, WI
FIRST ANSWER

Hi Melissa,
In todays market there are more rent to own homes out there than there used to be.
Sellers are in jams and need to get someone in right away. I must warn you that some sellers
will want you to put a downpayment down but some will not.
What price range are you in? I do have some contacts that do rent to own. There really isn't a published list or website of these homes but I would be happy to work with you in finding something. Sometimes Realtors won't work with people on this because there is little chance that they will get paid from it. But I would be happy to help!
Lana Stollenwerk (715) 212-6753
Lana@ask4lana.com

Thu Sep 18 2008, 09:53

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