Hi looking for rent to own in Brooklyn budget 1000 to 2000

Asked by Sade, Brooklyn Heights, Brooklyn, NY Sat Jan 12, 2013

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Kathryn Lilly’s answer
Kathryn Lilly, Agent, New York, NY
Sun Jan 13, 2013
The reality is that the market has turned so quickly from a renting market to a selling market that there will be next to no options for a rent to own.
With sale prices rebounding and rising so fast no seller/owner is going to lock themselves into a price today that a year from now will most likely be much higher.
Renting to own was a marketing gimick that was saying rent this apartment instead of another and in the end, most never turn into a sale due to the quickly shifting market and mortgage requirements to close at the buy end.
You will be better off renting an apartment below the maximim that you can afford and save, save, save for your downpayment and spend the year or so really looking at buildings and neighborhood options for your purchase.
Kathryn Lilly. Broker
Realty on the Greene, LLC
0 votes
Anna M Brocco, Agent, Williston Park, NY
Sat Jan 12, 2013
Since rent to own properties may not be listed as such, consider working with an agent of your own. 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...
1 vote
All the best to you.
Flag Tue Jan 29, 2013
This is helpful, thanks!
Flag Mon Jan 28, 2013
Raisa Beilina, , Brooklyn, NY
Sat Jan 12, 2013
I can get you one.Please, call me at 917-667-6769, Raisa
0 votes
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