Rentals in Brooklyn>Question Details

Marjorie, Renter in Brooklyn, NY

are there many rent to own homes in brooklyn?

Asked by Marjorie, Brooklyn, NY Wed Jul 3, 2013

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Rent to own opportunities are rare as most owners prefer to sell outright; 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...
0 votes Thank Flag Link Wed Jul 3, 2013
"Rent to Own" is generally an option when the sales market is slow.
In this quickly appreciating market; I would think it highly unlikely that any seller/owner would lock them selves into a price today not knowing where the market will be a year from now.
If you cannot afford to buy it today, how will you be able to a year from now when it has appreciated even higher?
Kathryn Lilly, Broker
Realty on the Greene, LLC
0 votes Thank Flag Link Wed Jul 3, 2013
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