Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Rent vs Buy in Nashville : Real Estate Advice

  • All779
  • Local Info78
  • Home Buying298
  • Home Selling39
  • Market Conditions29

Activity 3
Thu May 21, 2015
Correa79david asked:
Hello, me and my wife and 3 kids are in need of some help. Just last year we got evicted from the place we were living. The landlord decided to raise the rent and eventually felt behind…
0 votes 0 Answers Share Flag
Sun Oct 13, 2013
Chuck Campbell answered:
Sat Mar 31, 2012
James & Stephanie Crawford answered:
The seller determines this. You could try to negotiate if you like. Be warned though. Very, very few lease options ever turn into closed sales. Landlords love the arrangement. No close? No deposit return!

Many states, including Tennessee have withdrawn lease-purchase contracts from the Realtor arsenal of available forms. They frown on the legalities of the arrangement too. Personally I consult my prospects to rent on the cheap for awhile and to save up their own down-payment. FHA only requires 3.5% down and 580 midscore.
... more
1 vote 3 answers Share Flag
Search Advice