Do you have any rent to own homes available in the Conneaut or Kingsville area?

Asked by Antwone Jenkins, Conneaut, OH Tue Dec 25, 2012

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James Gordon…, Agent, Hamilton, OH
Wed Dec 26, 2012
You need to rent until you are ready to buy. The number of rental homes is higher than the number of homes that will do a land contract. If you decide that the home is not for you because your selection was limited you are stuck with buying or being out your ernest money which is normally 6-10% of the purchase price.
Rent until you qualify to buy then take advantage of the larger number of homes available for sale.
0 votes
Ron Thomas, Agent, Fresno, CA
Tue Dec 25, 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!
0 votes
You don' know me to judge Me this way Mister.
Flag Wed Dec 26, 2012
I'm not desperate. I know right now I have a lot on my plate and I would be more comfortable leasing to own. I pay 550 for rent now and I'm very comfortable with my employment so the next 2-5 years I'm fine. The down payment would be highly considered if need be. I could handle the maintenance within reason
Flag Tue Dec 25, 2012
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