Chas, Home Buyer in Nacogdoches County, TX

i am buying a house rent to own and was woundering how much it is really worth?

Asked by Chas, Nacogdoches County, TX Mon Aug 8, 2011

this house is an old home on 1 acre of land and it is around 900 sqare feet....3 bedrooms one bath and it needs alot of work..... it is 35 years or older...not sure of exact date built.... it is also a rent home so several people have lived here..... the property is on a cr on hwy 59.

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Yes, be careful. There are a lot of rent to own scams. Make sure any payments are made to a third neutral party, like a local Title or Escrow company. Hopefully a local agent will help you out.
1 vote Thank Flag Link Mon Aug 8, 2011
Chas, Hope you have a contract for your lease purchase option. I have seen many folks get screwed at the end of the term because they didn't have anything in writing. The home's worth can be evaluated with a licensed appraiser and that would take into account the amount of work that it needs and would only represent a snap shot of today's value based on comparable sales. You could also ask a realtor in your area to give you a broker's price opinion. Hope this helps.
1 vote Thank Flag Link Mon Aug 8, 2011
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