this is commonly reffered to as a lease option. You will need to fill out a purchase contract, a rental agreement and other assocaited paperwork. In fact it is very much like you are buying the home now. Still have to qualify do your inspections etc. The benefit to you is nailing price and terms in this Market in anticipation that the market goes up when your option kicks in. The benefit to the seller is that if you do not perform he gets to keep your deposit (option money). So yes you should consult a realtor, and yes you should talk to a lender, and if possible buy it now
Good Luck and let me know if you have further questions
Alain Pinel Realtors
You need to work with someone who can help you evaluate the benefits of rent to own versus buying. With the first time buyers programs available, you might be able to purchase now. I suggest working with a trusted lender who can help pre-qualify you, as well as a realtor to help you find the home. If you need any referrals, please send me an e-mail and I will give you my favorite lenders to work with.
Happy house hunting,
Alain Pinel Realtors,
First there is no specific source for this category. More importantly I would ask, why do you want to do this? There are numerous First Time Buyer programs that allow for 100% financing so why not just buy now and start getting the tax benefits? Give a little more info regarding your situation and we can probably give you more specific advice.