Home Buying in 11434>Question Details

Christina Mo…, Home Buyer in

How do rent to own homes work?

Asked by Christina Monstar, Thu May 9, 2013

How long will it take for me to own the property?

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Rent to own is similar to a car lease. Keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright...
0 votes Thank Flag Link Thu May 9, 2013
I've never seen them work. Every deal I've seen has fallen apart long before the buyer is able to get regular financing. It's dangerous - very dangerous & favors the Seller.
0 votes Thank Flag Link Thu May 9, 2013
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