If you are looking for a list of rent to own or owner financing homes in Morristown, TN, take a look at my website http://www.iwantinquick.com and let me know if you are interested in any.

Lease-to-Own houses are not generally advertised. They are created. Realtors don't generally want to do them because the have to wait for their commission(if they ever even receive one on the deal) OR they still ask WAYYY too much money upfront for the option to purchase. You can get into houses with 3-5 % upfront. I've even gotten a property under contract to $1. In reality, you don't have to put down a penny upfront to get into a Lease-to-Own house!

Go onto Craigslist and contact the "For Rent" sellers (who are NOT Realtors or Property Mgmt Companies) and ask them if they would sell at the end of the lease. When they respond back with a ....."Man! I would LOVE to sell.....I was going to have to rent it because my Realtor and I could not sell it in the first place"....then your golden! Just set the purchase price, length of the lease and the monthly payments.

If you need any help putting the paperwork together, let me know. Or if you have any questions on the process....feel free to shoot me an email.

Darin

here are some basics about rent to own:

1. you will put down a (non refundable)your deposit and the exstra funds will be placed into an escrow account to build your down payment deposit which is usualy 10% of purchase price,but negotiable
2. you will agree to lease the property for a specific time period(usually 1-2 yrs.) at a price that must be above market rate
3. .Your deposit & extra funds willl be placed into an escrow account to build your down payment
4. At the end of the lease period you will take your escrow funds to a mortgage lender and obtain financing
5. if you do not go through with the purchase you will forfeit your escrow funds

if you want to pursue this option,i urge you to work with a local realtor who will look out for your best interests.