Home Buying in Watertown>Question Details

Melchizedek, Home Buyer in Florida

Need an owner-financed house lease/for sale in Watertown, NY vicinity. How do I find one?

Asked by Melchizedek, Florida Mon Oct 22, 2007

My fiance & I are moving to the Watetown, NY area, as he has a new job at the Samaritan Hospital. We have 2 large dogs, so rental is a problem... Looking fo an owner financed, lease-to-purchase home in the $90,000 range. When he starts the job, we'll put aside $500 each month for 3 years, and we'd have the 20% to put down on the house then. We'd like to pay no more than $1,000 per month for rent until the purchase date. Anyone out there???

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I would say continue as though you were going to purchase a property, and make the lease to own part of the offer. If this was a super hot market, it would be a little more difficult. However it's not that kind of market now. Sellers are trying to do creative things to sell their house, and if it releases them from their burden (i.e. covers their cost), they'll probably be pretty darn open to the idea. But make sure you consult/hire a real estate attorney (who has experience with lease to owns) who can fill you in on the intricacies and standards for the area for a lease to own.
0 votes Thank Flag Link Tue Oct 23, 2007
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