Rent to own apartments in the area are rare; keep in mind that if interested in co-ops, each board does have their own financial requirements that must be met in order to be approved. Also keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright...... more
Basically it means that you pay rent but if you decide to buy at the end of your term the remaining rents that you paid through the term agreement gets deducted from the price. A normal downpayment for a rent to own in most cases is nothing but in some cases can be whatever you and the seller agree on. Not all of them are scams just make sure whatever you do is in writting. Hope my answer was helpful! Wish you the best! Jeannette Batsikas... more
Usually single family homes are owned by small landlords, they are quite flexible when it comes about paperwork and application process.
You need to have decent credit, working preferably and no landlord tenant issue, collections etc and you are good to go.
We specialize in Rentals, you can check our site www.WERENTNY.com or call us 646-606-2366, we will be happy to help you.... more
To rent or buy is really a personal decision; to consider--itâ€™s all about costs and lifestyle. Costsâ€”financing v. moving-in, mortgage v. rent, repairs v. upkeep. Lifestyleâ€”stability v. mobility, predictability v. flexibility, equity v. freedom from debt. It used to be all about equity. Now, there are other variables to consider in the balancing of the buy/rent equation.... more
my name is chuck florio I'm a broker /salesperson for striker realty in linden new jersey I have work with these beforeyou can email me at firstname.lastname@example.org or email@example.com and I will go into greater detail .... more