Based on the previous answer that rentals are going for $1200 per month, if you could qualify for an FHA mortgage, it would be in your best interest to look at purchasing this home. The monthly payment to qualified buyers that pay the full asking price is approximately $1086/month. This is for principle, interest, taxes, and insurance. If you don't know if you would qualify for a mortgage, you'd need to speak to a mortgage professional to have them go over your personal financial situation. If you don't currently have one or don't know of any, please give me a call as we have a few that we deal with that are excellent. We deal with first time home buyers and the partners we work with have been of tremendous help in getting our clients in their first homes. Or you may have your own reasons for staying with rentals or leasing; we can try to helkp you there, too.
And you answer your question, this property is only being offered as a sale. The current owner only has that option open to them. A lease to purchase option is not going to be a viable option for them.
ReSales & Investment Realty, LLC