Rent vs Buy in Illinois : Questions & Answers

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Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
do you have any rent to own home?
Rent to own is really not a good idea, therefore consider fixing whatever is preventing you from purchasing outright. Rent to own can be risky and one could stand to lose a bit of money ... more
2 votes Share Flag Wed Sep 10, 2014 Rent vs Buy in Jacksonville
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
How do I qualify for Section 8 housing. Looking for a house to rent on the South Eastside of Chicago
My understanding is the City has a department where Section 8 housing is administered. That is a good place to start.
0 votes Share Flag Mon Sep 1, 2014 Rent vs Buy in 60619
Sally Grenier, Real Estate Pro in Boulder, CO
Sally Grenier answered:
I'm looking for a rent to own house,where can I find listings
Rent to own is never a good idea, especially for the buyer. Either you're going to rent, or you're going to buy. Rent to own was more common when we were in a buyer's market and selle ... more
0 votes Share Flag Thu May 1, 2014 Rent vs Buy in Chicago
Aaron and Ch…, Real Estate Pro in Eau Claire, WI
Aaron and Cheree Tiry answered:
Me and my little sister are looking for a small rental pace to live in. That's close to Carbondale area? Because she's still in high school.
Have you checked out the "rent" section at the top of Trulia? There may be something in there. Otherwise you could also check Craigslist.com to see what they have for posted for renta ... more
0 votes Share Flag Thu Apr 10, 2014 Rent vs Buy in 62950
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
I want to try rent to own do you think that is a good way to go if your credit history is not that good?
jancooper - so glad to read below that you decided to put effort into working on your finances - building up your credit and planning for the future when you can buy a home in the "usu ... more
1 vote Share Flag Fri Apr 4, 2014 Rent vs Buy in 60652
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
Are there any rent to own realtors/properties in Skokie, IL or Morton Grove, IL?
Very likely, yes. Here's a link to a blog I wrote on how to find rent-to-own properties: http://bit.ly/findaleaseoption

Hope that helps.
0 votes Share Flag Sat Mar 15, 2014 Rent vs Buy in Skokie
Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence 727.420.4041 answered:
How do you know if a rent-to-own is for real or a scam?
If a RTO is written in any way that allows the tenant/buyer ANY control interest in the home this will very likely fall under the provision of the Dobbs Franks Consumer Protection Act.( ... more
0 votes Share Flag Tue Feb 11, 2014 Rent vs Buy in 60618
Erik Gimbel, Real Estate Pro in Northbrook, IL
Erik Gimbel answered:
Are there any properties that are off of Dempster in Skokie, Morton Grove, or Niles that are Rent To Own.?
Yes. We currently own several properties that we would owner finance/ rent to own. You can reach me at 847-530-3704. All of our properties are in the Skokie and Morton Grove area.

... more
0 votes Share Flag Tue Dec 3, 2013 Rent vs Buy in Skokie
Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
I'm interested in renting with option to buy. My credit score is 546
I spoke to a gentleman last week that lost twenty grand doing this. Trying to “work around” the federal system that is in place to protect you increases your risk a lot mor ... more
0 votes Share Flag Fri Oct 18, 2013 Rent vs Buy in Riverdale
Julia Hart, Real Estate Pro in Arlington Heights, IL
Julia Hart answered:
which areas are included in barrington highschool in IL
Parts of Hoffman Estates and Barrington, South Barrington and Barrington are all attendance area for Barrington High School. Are you thinking of buying or renting while your child finis ... more
0 votes Share Flag Fri Sep 27, 2013 Rent vs Buy in Hoffman Estates
pattyhasanew…, Renter in Heyworth, IL
pattyhasanewlife asked:
I would like to find a house in Heyworth to buy contract for deed. My son and his daughter and my husband and I would like to share this home. My son works at Caterpillar and my husband works at Grain Flo in Heyworth and I babysit in our mobile home...really need a much bigger place,,,only a small 2 bedroom mobile home
0 votes Share Flag Sat Sep 21, 2013 Rent vs Buy in Heyworth
Riccardo War…, Real Estate Pro in Downers Grove, IL
Riccardo Wardlow answered:
I am currently renting a home for the past 5 years and the owner wants to sell the property. Is a credit score of 620 pretty decent?
its good enough to buy that home with only 3.5% down


Riccardo Wardlow
Owner
Quality Mortgage Lending
630-670-8266

RATED A+ WITH THE BBB

*We do Conventional loans down to a ... more
0 votes Share Flag Thu Sep 19, 2013 Rent vs Buy in 60505
Rob Spinosa, Real Estate Pro in Mill Valley, CA
Rob Spinosa answered:
I pulled my credit score and I have gotten several different scores. What is the correct site or what site should I go to get a accurate credit score?
Suzanne's answer (below) is correct. Your scores will vary not only between repositories (Equifax, Experian and Transunion), but also depending on the type of credit report run. When ... more
0 votes Share Flag Tue Sep 17, 2013 Rent vs Buy in 60505
glmurphy, Home Buyer in Plainfield, IL
glmurphy answered:
Is it better to sell your rental property or hold on to it?
depends on the economics or do you have to, you making money, you want to retire, these are all things
you have to consider you
0 votes Share Flag Fri Aug 23, 2013 Rent vs Buy in Plainfield
Deborah Smith, Real Estate Pro in 60452
Deborah Smith answered:
should I rent or should I own?
First step is to contact a lender that will run the figures on the amount you are qualified to purchase in a home. A home is the most financial purchase that you will make in your life ... more
0 votes Share Flag Fri Aug 9, 2013 Rent vs Buy in Chicago
Trusgold, Home Buyer in Chicago, IL
Trusgold answered:
Is it hard to get a rent to own single family home?
I jave a low credit score woyld I be eligible for a rent to own
0 votes Share Flag Fri Aug 9, 2013 Rent vs Buy in Chicago
Arlyn Tratt, Real Estate Pro in Deerfield, IL
Arlyn Tratt answered:
do you specialize in rent to own homes?
Audery. Yes,
That is what I specialize in.
Please contact me for more details.
Also I want to send you a link that will tell you more about my program.
0 votes Share Flag Sat Jun 15, 2013 Rent vs Buy in 60053
Suzanne Hami…, Real Estate Pro in Orland Park, IL
Suzanne Hamilton answered:
What is the minimum credit score to rent to own a home? Will 10 months bk discharge be a disqualifier?
Michelle

Rent to owns are very rare. Short sales and foreclosures are not able to do this and most sellers will not do.

Many times a rental can turn into an ownership opportuni ... more
0 votes Share Flag Mon May 27, 2013 Rent vs Buy in South Suburban
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