Rent vs Buy in Illinois : Advice

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Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
I am looking for a rent to own home in Skokie,Niles,and Morton Grove area. 3/bd for around 150,000. Please advise how the whole process works.
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, ... more
0 votes Share Flag Sun Jul 26, 2015 Rent vs Buy in Skokie
Alison Hillm…, Other/Just Looking in San Francisco, CA
Alison Hillman answered:
Do you accept section 8 vouchers?
Hi Patricia,

Can you please elaborate, what listing are you referring to?

Ali, Community Manager
0 votes Share Flag Mon Oct 29, 2012 Rent vs Buy in Richton Park
Erik Gimbel, Real Estate Pro in Northbrook, IL
Erik Gimbel answered:
Are there any rent to own realtors/properties in Skokie, IL or Morton Grove, IL?
Yes Theresa, I can get some rent to own listings. I should have a couple by next week. What are you looking for?

Erik Gimbel
Visionary Real Estate
0 votes Share Flag Sat Mar 15, 2014 Rent vs Buy in Skokie
John Potter, Real Estate Pro in Cook County, IL
John Potter answered:
hi my name is cassandra harris and i would like rent to own a five bedroom house on the west side of chocago
I have a listing for a nice five bedroom house near Midway on the West side of Chicago.
0 votes Share Flag Sun Nov 25, 2012 Rent vs Buy in Chicago
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
Is it better to sell your rental property or hold on to it?
Wouldn't you think that sort of depends on a lot of things?
0 votes Share Flag Fri Apr 17, 2015 Rent vs Buy in Plainfield
Linda Dressl…, Real Estate Pro in Hoffman Estates, IL
Linda Dressler answered:
Is it possible to get rent to own town homes or condos in Schaumburg?

At this point in time, it would be best to rent something you really like knowing that the owner would potentially sell in a few years rather than drawing up a rent to own op ... more
0 votes Share Flag Sun Nov 25, 2012 Rent vs Buy in Chicago
B.J. Tregoni…, Real Estate Pro in 60053
B.J. Tregoning answered:
Is it hard to get a rent to own single family home?
Those situations are few and far between. Way better to get a loan and be done with it. Talk to a mortgage broker to find out how much you qualify for then find an agent who specializes ... more
0 votes Share Flag Fri Aug 9, 2013 Rent vs Buy in Chicago
Michael Cheng, Real Estate Pro in San Jose, CA
Michael Cheng answered:
What's the difference between buying a house and renting one?
Whether you can afford to buy a home will depend on both a financial assessment with a mortgage broker or lender and the price of a home you'd like to buy. So, we can't reall ... more
0 votes Share Flag Wed May 23, 2012 Rent vs Buy in Belleville
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
how can i find a list of vacant homes for sale on a rent with option to buy?
Vacant is not a defined MLS parameter, rent with option to buy is. If a home is vacant usually it is under foreclosure/short sale and bank wont go along with a more complex transaction ... more
0 votes Share Flag Tue Jul 17, 2012 Rent vs Buy in 60087
Zmbrennan, Real Estate Pro in San Jose, CA
Zmbrennan answered:
If you do contract for deed, do you suppose to pay taxes for the house?
You ask a really important question. Be certain in the contract it is written who is responsible for the taxes.
A contract for deed can have either party be responsible.
Be v ... more
0 votes Share Flag Tue Oct 26, 2010 Rent vs Buy in Peoria County
Laura Karamb…, Real Estate Pro in Downers Grove, IL
Laura Karambelas answered:
If I wanted to do contract for deed, do I suppose to pay the taxes on the house?
Hi Nicky-

Whatever terms are negotiated between buyer and seller should be written into the contract...length of contract, who is responsible for taxes, who is paying assessments (if ... more
0 votes Share Flag Wed Oct 27, 2010 Rent vs Buy in Peoria County
Monir Mamoun, Real Estate Pro in Morristown, NJ
Monir Mamoun answered:
should I rent or should I own?
Great question Willprow... I wrote a multi part blog about this topic. This will help you go through the decision making process. I have included the link below.

Also I have another ... more
0 votes Share Flag Fri Aug 9, 2013 Rent vs Buy in Chicago
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
how to I go about renting to own a home using my section 8 voucher?
I dont think you can do rent to own with a section 8 voucher.

Matt Laricy
Americorp Real Estate
Brokers Associate, e-PRO
0 votes Share Flag Thu Dec 29, 2011 Rent vs Buy in Chicago
glenn, Real Estate Pro in Quincy, IL
glenn answered:
4 unit , well maint. multi-family apt. property. G. location, unit price $30-$40 under local rate. Room 4 inc.
I remember showing this building a couple of times before the last sale; it was very rough and it would be interesting to see what kind of improvement has taken place. If you'd be inte ... more
0 votes Share Flag Wed Nov 2, 2011 Rent vs Buy in Quincy
Tracy, Both Buyer and Seller in South Florida, FL
Tracy asked:
I am relocation to IL in 3 months. I will either be in Arlington hts or South Elgin. I will be forced to do a short sale on my current home in So. FL. Am I going to have to do a rent to own as oppose to buying? I have perfect credit now, but know the short sell will hurt that.
0 votes Share Flag Thu May 7, 2009 Rent vs Buy in Illinois
Maria Clark, Real Estate Pro in Chicago, IL
Maria Clark answered:
Rent Or Buy? My hubby's company is relocating us to downtown Chicago. It is likely that we will move again
March numbers just came in for Illinois. I would seriously consider renting.
If I can be of any help let me know. I specialize in residential rentals for the
past 13 years in Chicago ... more
0 votes Share Flag Wed Sep 30, 2009 Rent vs Buy in 60607
Kathy Diegel, Real Estate Pro in Elgin, IL
Kathy Diegel answered:
can 2000 get me anything out there?
What area are you looking to rent in for $2000 a month?
0 votes Share Flag Tue Aug 3, 2010 Rent vs Buy in 60651
Patty Fisch, Real Estate Pro in Chandler, AZ
Patty Fisch answered:
my husband and i have poor credit but would like to rent to own a home. should we first clean up our credit?
You may find sellers who are willing to do a lease purchase or option to purchase with you. If you have credit issues with not paying for you current living space - then it will be m ... more
0 votes Share Flag Sat Mar 7, 2009 Rent vs Buy in Illinois
Mark Waldhoff, Real Estate Pro in Champaign County, IL
Mark Waldhoff answered:
is there a program for people with bad credit to get financing to buy a home in urbana or champaign, il? I'm
The first thing I would do is talk to a local lender to see what programs they know of. The low credit scores will definitely be an obstacle but the local lenders would be the best res ... more
0 votes Share Flag Thu Feb 5, 2009 Rent vs Buy in Champaign
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