Home Buying in Matteson>Question Details

Antwan Holder, Renter in Naperville, IL

I am looking for a foreclosure home in matteson or maybe a rent to own are there any homes out their like that for a reasonable price?

Asked by Antwan Holder, Naperville, IL Tue Jan 1, 2013

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First step is to get prequalified with a lender to determine what/if you can qualify for a mortgage. Regarding finding a foreclosure....any Realtor can help you find a property that fits your search criteria and is in your price range. All foreclosures will be listed in your local MLS (which your Realtor will have access to).

Rent to own is a whole different story. The market is getting better, and so many sellers would rather just sell their home to a traditional buyer (who is either getting a mortgage or paying cash). Rent to own situations are hard to find and they really only benefit the seller, not the buyer. And they rarely end up with the buyer actually buying the home.

Talk to a lender first, then go from there.
0 votes Thank Flag Link Tue Jan 1, 2013
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