Asked by Jeane, Plymouth, MN • Tue Aug 12, 2008
the reserve and would allow us to do rent to own the first year, putting $600/month toward principle. We think this home has a beautiful exterior, so so interior, and may be more affordable monthly, but a couple thousand over market value. The other is slightly more expensive ($5,000 more), in the Wayzata school district (the other is Osseo), but we wouldn't be doing rent to own, so we would be making higher payments that would be primarily interest. It also does not have walk-in closets which I think is important these days, especially when we go to sell. However, this one is priced about $10000 below market value. In short, we like the second one better, but feel the other may be more affordable because of the rent to own option during the first year. Any ideas?
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