I am interested in eventually buying a home. Would any of the homes be available for rent with the option to buy?

Asked by bluefieldian47, Columbus, OH Sun Aug 17, 2014

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Don Tepper, Agent, Burke, VA
Sun Aug 17, 2014
Sure. Many homes are.

However, most aren't listed that way on the MLS. You (and your agent, in most cases) have to identify properties that would be likely lease-option candidates, and then make an offer. Also, there are plenty of properties not on the MLS that would also be good candidates.

In the right circumstances, lease-options can be a win-win for both buyer and seller.

Here's a link to a blog I wrote on how to find lease-options: http://bit.ly/findaleaseoption

Hope that helps.
0 votes
Bill Eckler, Agent, Venice, FL
Sun Aug 17, 2014
Most people seeking a "lease option" opportunity don't really understand the real implications of taking such action. The seller/renter will likely require a large deposit to protect their investment and obtain a legal attorney created document that protects the seller's interests as well.

In short, "rentig with the option" sounds great but the reality is there is more to the picture than you can see. Focus on collecting the details of this undertaking.

Just keeping it real!

Bill
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Anna M Brocco, Agent, Williston Park, NY
Sun Aug 17, 2014
Rent to own is really not a good idea, therefore consider fixing whatever is preventing you from purchasing outright. Rent to own can be risky and one could stand to lose a bit of money, it favors the seller; therefore 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, or simply continue renting until a purchase can be made.
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