Financing in North Canton>Question Details

Lisa, Home Buyer in North Canton, OH

Can I get a lease to own home in North Canton?

Asked by Lisa, North Canton, OH Mon Jul 2, 2007

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3
What are you looking for? I may have one that fits your needs.
0 votes Thank Flag Link Mon Aug 10, 2009
YES! But it may be hard to find. Most sellers in North Canton (which is where I live and do my business) need to get out from under their mortgage for financial reasons or simply to purchase their next home. However, there are investors in the area that have purchased homes and are simply using them as rental properties and would possibly consider a land contract. My first suggestion to you would be to talk to a reputable lender and make sure you are not able to purchase outright. If the answer is a land contract then it's a matter of looking for homes that offer that verbiage--"seller financing", "land contract", "owner assistance". Hope this helps. Good Luck.
Web Reference: http://www.amywengerd.com
0 votes Thank Flag Link Tue Aug 14, 2007
In the recent past, rent - to - owns were difficult to find. However, in today's market, you may be able to find a seller who, even though they are not advertising that they would consider rent-to-own, who may consider such an arrangement.

A good buyer's agent should be able to consult with you to explain the rent-to-own process and how to find rent-to-own homes. In addition, they may be able to provide you with some other financing options that may make rent-to-own less attractive to you.

In my 19 years of real estate experience, I have represented 3 buyers who have purchased homes through rent-to-own. Two of them actually purchased the homes, one did not.

If you'd like some additional help, feel free to email me or call me!
Web Reference: http://www.stevemerkle.com
0 votes Thank Flag Link Mon Aug 13, 2007
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