Rentals in Bay Shore>Question Details

debbiestar63…, Home Buyer in Centereach, NY

LOOKING FOR RENT TO BUY A HOME IN BAYSHORE OR SOME WHERE IN QUEENS NY

Asked by debbiestar630@aol, Centereach, NY Mon Oct 21, 2013

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Rent to own properties are rare as most owners prefer to sell outright; however since rent to own properties may not be listed as such, consider working with an agent of your own. Keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright...
2 votes Thank Flag Link Mon Oct 21, 2013
Rent to own is a very risky situation for the buyer. Generally, people want a rent to buy because they do not otherwise qualify for a mortgage. So, the sellers tend to inflate prices and charge high interest rates. Most rent to buy deals never actually end with the renter buying the home.
1 vote Thank Flag Link Mon Oct 21, 2013
Debbie rent to buy is a good option but there are stipulations with such arrangements. If you need detailed information on this type of transaction I will be able to help you.

Valerie Middleton
1 vote Thank Flag Link Mon Oct 21, 2013
Here are a couple of possibilities I could email you if you contact me with your email.
0 votes Thank Flag Link Mon Oct 21, 2013
Rent to own is a very risky situation for the buyer. Generally, people want a rent to buy because they do not otherwise qualify for a mortgage. So, the sellers tend to inflate prices and charge high interest rates. Most rent to buy deals never actually end with the renter buying the home.
0 votes Thank Flag Link Mon Oct 21, 2013
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