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, it favors the owner; therefore inform yourself well in advance of your search, and consider consulting with an attorney who specializes in real estate before considering the idea and or before signing any agreement. 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. Be mindful that FHA loans don't necessarily require a sizeable down payment, see link below...
Hi Beatriz, that area of Newport News that you are referring to is a great location. My office is a few minutes away so if you do not already have an agent, I would be glad to help you. If you would like to talk to any past clients of mine for feedback first, let me know!... more
I too struggled with that question, but I felt like I was wasting money on something that would never belong to me. Also it is much cheaper to own now a days than it is to rent. Something to consider. :)... more
I'm no property manager but I've dealt with one frequently. I believe tenants usually are more concerned w/# of bedrooms than anything else. I pulled up what's for rent in MLS now, in area 23606, you can rent a house out anywhere from $1,275 to $1,600 from size of 1631 sq ft to 2000 sq ft. Hope that helps to get you started.
other answers are all correct. You can also contact the law firm assigned to your foreclosure (you should have gotten letters from them if you thing an auction date is pending). They are not always "friendly' but should know the date of auction.... more