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.
Lease/Option
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?

Thanks,
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
847-530-3704
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?
Fatima~

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?
Nicky,
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
mlaricy@americorpre.com
708-250-2696
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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