Home Buying in Deer Valley>Question Details

Patty Lopez, Renter in Phoenix, AZ

If a home is up for Sale could this be in a contract Rent-to-own????

Asked by Patty Lopez, Phoenix, AZ Mon Nov 19, 2012

homes that are in Deer Valley for sale,;Are any of these hms w/option rent-to-own?

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Bianca Bennett’s answer
Rent to Own could be an option, it really depends on the terms and conditions of the contract.
I could help you get into a contract like that if you would like, please let me know.


Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Bianca@InvestInArizonaHomes.com
Website: http://www.InvestInArizonaHomes.com
0 votes Thank Flag Link Tue Jul 9, 2013
"Rent to Own" is an area to be very cautious in, more often than not they don't end up working out. A few do when done very carefully with all parties involved.

Why do you want a rent to own?

For some it can be the correct answer, maybe it is for you?

Lot's of questions surrounding your situation that we should explore.
1 vote Thank Flag Link Mon Nov 19, 2012
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 Thank Flag Link Mon Nov 19, 2012
Hello Lopez,

You can contact at http://www.scottmaizlish.com .
Hope you will get a solution.
Thanks.
0 votes Thank Flag Link Tue Dec 25, 2012
If it is, it clearly needs to state that. There are a number of investors in the Phoenix area that have properties available for lease that state, lease with option to purchase.

There are a number of factors to consider when looking at these. If you would like to discuss it further, please call me so we can do that.

Have a great day!

Debbie Nieman
Real Estate Professional-
Keller Williams Sonoran Living
602-799-5239
http://www.diverdebi.com
0 votes Thank Flag Link Mon Nov 19, 2012
Patty,
There are several large Wall Street funds that are buying single family homes in Phoenix. As you can imagine, their goals are best return on investments. If the tenant is motivated to keep the home in great shape, as it was their own home, both parties benefit - the Landlord does not have to look for new tenants every year, and the tenants know they do not have to move after a year.

As mentioned below - rent-to-own is technically one of two types of contract s Lease Option to purchase or Lease Purchase at a set future date.

I would encourage you to work with a Buyer's agent when signing one of these contracts. In most cases they may be more beneficial to the Landlord.

Please call me to discuss in more detail, if interested.

Steffy Hristova, MBA, SFR, Realtor®
HomeSmart
Tel: (480) 966-9353 Fax: (602) 507-3703
3131 E. Camelback Rd. #125
Phoenix AZ 85016
Web Reference: http://www.talktosteffy.com
0 votes Thank Flag Link Mon Nov 19, 2012
Patty, Rent-to-Own or "lease options" can be a great way to acquire property but does require commitment from all parties from the beginning as well as a properly and mutually beneficial structured contract. There are a lot of consideration with structuring these.
Two of the trickiest parts are the future purchase price along with any credits to be given towards the "future" purchase price.
As with any contract or purchase it is only as viable as the terms and parties involved make it.
0 votes Thank Flag Link Mon Nov 19, 2012
Maybe.

Most homes aren't listed on the MLS as rent-to-own (technically, either lease-option or lease-purchase). In fact, there's no real way to do that.

You might see some homes listed for sale AND for rent. Those are prime candidates. Or the agent may put into the comments (either the public comments or the ones that just other agents can see) something like: "Owner may consider lease-option" or "Owner may consider owner-financing."

Sometimes, though, the house is just plain listed for sale. In your offer, you have to make it a lease-option and see whether the seller finds that acceptable.

For more ways to find rent-to-owns, see my blog at http://bit.ly/findaleaseoption

Hope that helps.
0 votes Thank Flag Link Mon Nov 19, 2012
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
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