I would prefer to test the market/neighborhood before buying. Is it a good idea to "lease-to-purchase"?

Asked by MC, Pikesville, townson Wed Oct 24, 2007

Help the community by answering this question:

+ web reference
Web reference:

Answers

1
Cindy Maves, Agent, Fort Myers, FL
Wed Oct 24, 2007
BEST ANSWER
In a lease/ option typically you pay a higher rent with a portion of the rent going towards the purchase. If you decide not to go through with the purchase the additional rent that you paid is not refunded back to you. The purchase price may or may not set at that time. For people that have difficulty obtaining a loan on their own, need time to work on credit issues, a lease/option to purchase may be a good idea.

If you are unfamiliar with the neighborhood you are considering moving to their are various web sites that can provide you with information on schools, crime statistics et
Web Reference:  http://www.northropteam.com
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more