Home Buying in Shorewood>Question Details

Steve Quinan, Home Buyer in Milwaukee, WI

I'm trying to find a sellar who would consider a rent to buy deal in Shorewoood WI.

Asked by Steve Quinan, Milwaukee, WI Sun Mar 30, 2008

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Rent to own involves two stages. Renting then creating a purchase agreement. The second part of the owning is an option. It is a state approved form a Realtor would use to create the purchase part.

If you are willing to commit to the guidelines of the option there are sellers out there who are willing to work out a deal but with interest rates at an all time low and fair prices you might not get the most favorable terms.

You will either have to pay above market rent so that a portion of that money is applied towards a down payment or purchase the option upfront with a non refundable down payment. There is a time limit you usually have to abide by and if you don't exercise your option within that time period the excess rent payments or option money is lost.

If you are a high risk consumer the terms will reflect your circumstances. Let me know if this is something that helps. There are always sellers willing to take a risk.
0 votes Thank Flag Link Sun Mar 24, 2013
Are you still looking.
I have 2 very nice duplexs that are in shorewood.
I am looking to sell you could rent to buy and collect income from the property
0 votes Thank Flag Link Tue Mar 29, 2011
Steve,
I found 5 more in Glendale, but nothing again in Shorewood- sorry.
Glendale properties are: MLS#993699,996790,985297,995639,993788. You should be able to view these via the internet. If you wish to have them emailed to you, I'd be happy to do that.
Good Luck
Web Reference: http://www.GoPackerUp.com
0 votes Thank Flag Link Sun Mar 30, 2008
Steve,
I just did a quick search of MLS for you, and found no rent-to-own properties listed in Shorewood.
I also searched Whitefish Bay, Bayside, Brown Deer, Glendale. I did though find one in Milwaukee- at 2929 N Maryland MLS#968694 priced at $233,900. Seller will consider a rent-to-own or land contract.
Not sure if this could work for you.
Good luck on your search.
Web Reference: http://www.GoPackerUp.com
0 votes Thank Flag Link Sun Mar 30, 2008
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