Rent to own?

Asked by Venus, East Orange, NJ Wed Jul 14, 2010

Are there any rent to owns any more? Perferably in Middlesex County NJ- Old Bridge area.

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2
David Rosenb…, Agent, Old Bridge, NJ
Sun Mar 11, 2012
Never sign a rent to buy.

If you prefer to rent. Then rent. And when the time arrives to purchase then shop the entire market for the best home at the best price. If you sign a Lease with the Option to Buy, there is a chance you will become tunnel visioned and not even want to shop the market. Chances are there is a better deal out there than the rental you are living in.
And the same goes for a seller. Rent when you want to play the landlord role. And when it is time to sell, then shop the market for the best/qualified buyer that is willing to pay you at or above market value. An owner looking to sign a lease with the option to sell is not confident enough that he can sell it after the rent agreement expires. And trust me, you don't want to own anything that a landlord determines to be an unmarketable home.

-David
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Cole Haynes, Other Pro, Tampa, FL
Mon Feb 28, 2011
Venus,

This is the BIG misconception in the world of rent to own homes. You don't have to set out searching for homes on the market that are offered as a rent to own. In the current market, you can convince many owners who are marketing their home for sale or for rent to allow you to rent to own their house.

The obvious thing you need to do is to learn all about how to setup a rent to own deal so you can do this yourself. I would recommend you do a Google search for "how does rent to own work" or check out our site below for advice on how to use a rent to own successfully.

Good luck!
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