Many times a rent to own situation is considered because the renter has poor credit, lack of down payment or a combination of both. Instead of getting yourself into a predatory situation, it may be time to get your financial house in order.
I would recommend selling your home and doing what it takes to get it sold. Then if you have too move into a low cost rental so that you can save the necessary down payment. Massachusetts is such a tenant favor state that rent to own is very hard to accomplish. It works much better in other parts of the country where prices are lower and the tenant is not held in such a favorable position. Ultimately, this is a family decision. Best
As a seller... same deal. What are the odds that the buyer is the one person to pay the highest and best price when you are ready to sell? If you really want to sell... offer it to 10,000 buyers instead of 1 and get a higher price!
With that said, there are sellers that would still be willing to do a lease option... there are companies that will help you facilitate the Lease Option, they have lawyers, Realtors, and the paperwork needed to put a lease option together. One you may find at http://www.4homesolution.com, as well as others you may find on google. They make money from the sale... usually negotiating a lower purchase price and inflating the price to you for a few thousand... they assume all the risk and agree to pay the owner in the event you do not, they have the lawyers and they have the banks (allows you to use you option payment and rents to use as a down payment). So you are basically paying for a system.
Anyway you take it... in my opinion, if your credit is fine and you do not need a lease option... price your home to sell and move on. If your home is the "Next one in line to sell" then you should be under agreement in 30 days and moving in 60... Good Luck!!
Keller Williams Realty
Team South Coast