Home Buying in Chicago>Question Details

Tracy Diaz, Renter in Addison, IL

Looking for rent to own homes in the Wood Dale, Itasca, Bensenville and Addison area. Anyone that can help?

Asked by Tracy Diaz, Addison, IL Thu Mar 27, 2014

Help the community by answering this question:


You are unlikely to find any rent to own in ANY area of the city or Burbs. The market has rebounded and it is much easier to sell in the normal way. Just wait until you can get a loan.
0 votes Thank Flag Link Tue Apr 1, 2014
Why would you rent to own? Unless you have a crystal ball you have no way to predict what the home will be worth when you'd need to purchase it.

Better to rent and when you're ready to buy- start that process on it's own.
0 votes Thank Flag Link Sun Mar 30, 2014
Rent to own is really not a good idea, therefore consider fixing whatever is preventing you from purchasing outright. 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, or simply continue renting until a purchase can be made.
0 votes Thank Flag Link Thu Mar 27, 2014
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