Rental Basics in 07052>Question Details

Bdhait01, Renter in 07052

Do you also do rent to buy??? interesting in renting and buying later.

Asked by Bdhait01, 07052 Wed Jan 11, 2012

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This is an option that some owners will offer a renter, but you should be prepared to purchase the home sooner rather later. Most owners that offer a rent to purchase option are not expected to offer a long term rental to purchase.
0 votes Thank Flag Link Sat Jan 14, 2012
This is an option that some owners will offer a renter, but you should be prepared to purchase the home sooner rather later. Most owners that offer a rent to purchase option are not expected to offer a long term rental to purchase.
0 votes Thank Flag Link Sat Jan 14, 2012
Great opportunity (rent-to-own) - if it works. Most don't. Expect that once you move in your dream home that you will find things that you didn't like about it as much as you first thought. With no real financial commitment to hold your interest, it is easier to look over the fence and see greener grass. Keep saving, even after you move in. You will need it later.

If you plan on just renting and later finding a place, that makes sense and is a time-honored way of working into home ownership. Save what you can as your down payment will either allow you access to better housing or will lower your payments.
0 votes Thank Flag Link Thu Jan 12, 2012
Dear bdhait01,

There are instances where someone will consider rent/buy. With that said, usually you need to look for a Place
to sell and ask the sellers if they will agree to the arrangement. Since it's more complicated most sellers do not agree to it. With that said, I have been in situations that it did work.

Good luck with your search!

The Sharon and karen home team
Keller Williams Suburban Realty
201-738-3158
916-294-0356
Sharonandkaren@kW.com
0 votes Thank Flag Link Thu Jan 12, 2012
It is certainly possible. What are you looking to rent? # of Bedrooms?, Location? Do you have any pets?
Web Reference: http://angeladaries.com
0 votes Thank Flag Link Wed Jan 11, 2012
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