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Rent vs Buy in Alabama : Real Estate Advice

  • All134
  • Local Info7
  • Home Buying84
  • Home Selling12
  • Market Conditions2

Activity 7
Wed Dec 14, 2016
Southerncapital2016 answered:
Fri Mar 11, 2016
Jimmy Ryals asked:
An grants would we Qualify for. Also would -it be better on us financially to rent or rent to own or purchase a home
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Thu Jan 28, 2016
Dan Tabit answered:
Rent to owns are rare and even more rarely are they a good deal for the renter/buyer. The vast majority of rent to own renter/buyer's never end up buying the house. They are a great deal for the landlord/Seller as they get to collect large up front deposits and over market rent only to do it all over again in the same house. I consider it basically immoral and predatory in most cases.
Resolving credit issues isn't rocket science and a local mortgage lender can and often do assist buyers with this. Many things you can do yourself, others the lender can direct or assist you with.
Most people in this position are far better off renting the least expensive place they can stand to live in and save up some down payment, get on a budget and fix their credit. Once you are qualified, you can select any listed property in your price range and you've fixed the issues that hurt your credit.
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Sat Sep 8, 2012
Aaron Sims answered:
I can't seem to find any tax records on it, however there seems to be a non-profit located there. should be able to tell you.
Please Email me if I can be of more assistance ... more
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Tue Aug 21, 2012
Aaron Sims answered:
One thing to consider is the low interest rates currently. I would recommend seeing what rentals are costing locally, and seeing what you could afford with a mortgage. There are several properties in my area that you can buy (600-700 down and payments around 5-550 a month) with a pretty similar home across the street that is a rental and currently rented (700 -750 a month). There is more to consider of course but something to think about. As for a lease purchase, that’s defiantly another option and one that you should look into. Just be sure to make sure you understand the details of the contract and make sure you are covered in the event something happens.
Best of luck!
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Fri Sep 9, 2011
Brandon Snider answered:
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