What is the likelihood of finding a decent Rent to Own or Owner Finance in the Calallen or Tulosa Midway area?

Asked by Gwenn, Corpus Christi, TX Fri Sep 7, 2012

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Gwenn, Home Buyer, Corpus Christi, TX
Fri Sep 7, 2012
I understand that there are a lot of "issues" with these type at times but I will not qualify for conventional loans due to credit, so alas, this is my only option if I don't want to keep "wasting" the rent money.
If you know of any homes fitting the above description, please let me know.
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Ron Thomas, Agent, Fresno, CA
Fri Sep 7, 2012
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, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!
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