Home Buying in Altoona>Question Details

Wanda D, Home Buyer in Altoona, PA

Looking for houses in Altoona, PA area sold under article of agreement or rent to own basis... please advise...

Asked by Wanda D, Altoona, PA Wed Apr 13, 2011

Looking for article of agreement or rent to own houses in altoona, pa. Where can I find one?

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Great answers and advice from the following Realtors. Just one more piece of advise: You can have a Realtor write the offer but you should really have an attorney draw up all the legalities when purchasing an 'Article of Agreement'.
0 votes Thank Flag Link Wed May 23, 2012
Wanda,
You can "offer" any seller you choose an article of agreement. HOWEVER, Keep in mind that most sellers will require a substantial down-paymnet, usually 10% or more. Also that the "article" period is only temporary and you will owe a balloon payment at the end of the article.
You can PURCHASE a house with as little as 3.5% down!
0 votes Thank Flag Link Wed Apr 13, 2011
See http://bit.ly/findaleaseoption That provides advice and suggestions on how to find rent-to-own properties.

Hope that helps.
0 votes Thank Flag Link Wed Apr 13, 2011
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
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