You can always offer the price and terms you feel a house is worth. The seller is under no obligation to take the offer, but you can bid what you want. Not needing a mortgage and being able to get to the closing table quickly are huge advantages, of course, and they will give you more leverage in a negotiation.... more
By offering them too much. Most seller's need the equity from their home when they sell so they can buy the next one. Rent to own is an illusion of ownership that rarely works well for a renter/buyer. Most will never complete the sale and will lose their non-refundable deposit and over market rent.
A better plan; find the cheapest place you can stand to live in and use the savings to address your credit issues. Pay down your balances to 1/3 or less of their limits. Get some new "secured" credit cards with your current bank. Use them to buy gas & groceries and pay them off monthly. Set up some savings account, even if its just a few dollars per pay check to get into the habit.
Dispute any errors on your credit report with each agency that reports them. DO NOT pay off old collections unless specifically instructed to by your loan officer.
Find a local loan officer that assists with credit repair and let them guide you to more specific steps you can take.
Stay away from rent to own, it's more often a predatory trap than a beneficial option for most buyers.... more
Your best bet would be with an individual landlord compared to an apartment complex/management company. Breed restrictions are put in place on aggressive breeds so as I'm sure you're finding out, they don't even give you a chance once you tell them you have a pit.
If you rent through an individual, you have the opportunity for them to meet your dog and to create a relationship. This is much more likely in you getting a rental.... more
I am a local REALTOR. I work with several reputable lenders in the area. One has a type of loan with a 580 credit score. I am not sure if it is FHA or Rural Development. Please contact me via E-mail at email@example.com. I don't want to post his information here.... more