My husband and I looking to move to the Pasadena/Glendale area soon. We are currently unable to buy but are interested in a rent to own option.

Asked by joycebailo22, Newport Beach, CA Tue Nov 5, 2013

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Wed Nov 6, 2013
Everyone here is correct about the rent to own being risky. For example the owner of the property could be sued and or have liens put against the property before you could buy it.

There are some companies out there that will buy the house you want and then lease it to you with a lease option. Much safer.

I have been researching t his, contact me for more information.

You can contact me online by clicking my picture or call me direct at 949-297-1207

NMLS 287206
1 vote
Cheryl Fried…, Agent, Rolling Hills Estates, CA
Wed Nov 6, 2013
Rent to own is very risky. They are also tough to find especially in a market with appreciating values.

Why are you not ready to buy yet?
Poor credit- there are options for credit repair and low FICO loans

High debt ratios- again my be options to bring that down

Not enough down payment- FHA as low as 3.5% down, plus other options

Call me to discuss your other options. I have worked in real estate finance and sales for the past 15 years and I can likely present you a game plan to help you buy sooner than later.

Cheryl Friedman
The Friedman Group, Keller Williams
1 vote
Alexander Gr…, Agent, San Jose, CA
Tue Nov 5, 2013
Rent to own options never benefit you. You should look further into why you are not able to buy and maybe try and correct it.

Alex Greer
Loan Officer
NMLS #1056079

1 vote
Joshua Gonza…, Agent, South Pasadena, CA
Tue Nov 5, 2013
Rent To Own are Scarce and risky. If you'd like My team and I can offer to help you find a lease in the area, AT NO COST TO YOU.... I'd love to help you folks out. Below is my contact info:

Joshua Gonzales
Real Estate Heaven
BRE License: 01893801
Phone: (213)300-3032
1 vote
Heidi Babcock, Agent, Pasadena, CA
Wed Nov 6, 2013
Hi there, I am currently helping a client to purchase the home they have been renting for 2 years. They have really gotten to know and love the area, there are good schools there and it is a great investment. Have you thought of renting for a while and then making the owner an offer at a later date?
0 votes
Shannon Chang, Agent, Arcadia, CA
Tue Nov 5, 2013
Work with a qualified Agent.
Rent to buy is an option but there are not many readily available Sellers.
But perhaps there are other options. Give me a call to discuss.
0 votes
Edward Uriar…, Agent, Pasadena, CA
Tue Nov 5, 2013
May ask what is keeping you from purchasing a home at this time?
0 votes
Well if this helps you qualify for a purchase we can go all the way to 90% LTV with no mortgage insurance
Flag Thu Nov 7, 2013
We do not have enough money for a down payment and closing costs at this time.
Flag Tue Nov 5, 2013
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