Not many owner-landlords are familiar with rent-to-own. It's not something that is done very often in this marketplace. It may be because most are not familiar with how the terms of a rent-to-own contract can be written and depending on the price range, most homes are selling fairly fast in our current marketplace.
How would you want to do this? Rent with an option to buy or an actual lease purchase contract? Would you want some of the monthly rent that you're paying go toward your future closing costs? Do you want the owner to continue making repairs or would you take on that responsibility during the lease period?
There are a lot of things that need to be considered and, as you can see, I am somewhat familiar with this method of home ownership.
My contact information follows. If you have any questions or would like to discuss your plans, please don't hesitate to contact me.
Associate Broker/VA Licensee
RE/MAX Executives (Springfield, VA)
I would be more than happy to assist you. Please call me directly on my cell at 703-307-3449 so we can discuss your options. I also recommend visiting my website at http://www.JohnGintySells.com to set up a free listings alert. I look forward to hearing from you.
Keller Williams Capital Properties
10300 Eaton Place, Suite 120
Fairfax, VA 22030