Who does rent to own homes? Do I have to go to an agent or a certain place? Please help.

Asked by ksantorella1, Concord, NH Wed Jan 2, 2013

Not looking to buy a home right now, just want to rent. I haven't had any luck finding anything.

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Scott Godzyk, Agent, Manchester, NH
Sat Jan 26, 2013
Most lease purchase homes are for only a year. Not many home sare listed as a rent to own. they are listed for sale, the seller has not sold but needs to move and needs to rent the home but wants someone to buy it within a specified amount of time. Most lease purchase buyers qualify through their credit but do not have the savings for down payment and closing costs. if you are not looking to purchase for a whilel a lease purchase may not be for you as most legitaimate lease purchases will ask for a non refundable deposit on the purchase part. The most fraud is found in this type of rentals so using an agent can certainkly help.
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Dennis Presc…, Home Seller, New Hampshire
Fri Jan 25, 2013
go to http://www.newhampshirehomesolutions.com fill out the form. They have new homes coming on line soon.
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Donna Marston, Agent, Concord, NH
Wed Jan 23, 2013
Finding a home with a rent to purchase option happens, however, it can be a needle in a haystack. An opportunity for this type of transaction to occur is typically because a homeowner has had their home on the market for quite sometime and have already moved out of the home.

I recently connected a homeowner with a rent to own buyer and they are in the process of finalizing their rent to own transaction.

If you do find a homeowner willing to negotiote a rent to own, I highly recommend that you have your attorney review the agreement if you don't have a Real Estate Professional assisting you.

Best of Luck!
Donna Marston
Homequest Real Estate
(800)-713-2057 ext. 1
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Steve Henneg…, , Kingston, NY
Wed Jan 2, 2013
There are some rent to own homes available but not a whole bunch of them. They are usually properties that did not sell and the owners wants to get some income for them right now. They will probably put the house up for sale again in the future.
You can find some of them on craigs list, for sale by owners, and real estate sites like that. They are usually hard to find. Real Estate agents are people you need to talk to. They have access to a lot more sites. Good luck, Steve
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Michael Huff…, Agent, Englewood, CO
Wed Jan 2, 2013
If your not interested in purchasing now, why do a rent to own? I would suggest waiting untill your certain you want to purchase then looking for a home suitable to your needs.
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Ron Thomas, Agent, Fresno, CA
Wed Jan 2, 2013
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!
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