Rentals in 78247>Question Details

alcantarjorg…, Renter in San Antonio, TX

Hello, looking for a house at end of year $700-800 and pet. single male rent to own is option w/ low credit

Asked by alcantarjorge08, San Antonio, TX Thu Jul 18, 2013

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Jason C Campbell’s answer
Stay away from any thing that is "Rent to own" - Way too many things can go wrong, and often do..

Is there any way I can talk you into taking advantage of what will probably be the best buyer's market we may ever see in our lifetimes?

The market is rapidly turning into a seller's market
Interest rates are WAY DOWN, but they are headed up

If you buy a home now:

* You will get more for your money - Rentals never stack up to homes you can buy for the same payment

* Tax Write-off - You can write off the interest you pay on your mortgage, you can't do that with rent

* Build Equity in the home - Each time you make a payment, you are that much closer to owning it!

* Gain Appreciation - Homes tend to go up in value... the home is worth more than you bought it for!

If you rent a home: You get nothing!


Jason C Campbell
Option One Real Estate
0 votes Thank Flag Link Thu Jul 18, 2013
The market is very active right now, You may have luck with someone that has a lease expiring in the future that reaches out to you but I think you will probably have to wait till you are closer to 30 days out to find something.

You should consider talking with a lender that will help put you on the path to credit recovery, rent to own may sound like a good option but a huge problem is that if the seller has a problem in their life it will become your problem with no fault from you.
0 votes Thank Flag Link Thu Jul 18, 2013
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