Zara, Home Buyer in Morton Grove, IL

I am looking for a rent to own home in Skokie,Niles,and Morton Grove area. 3/bd for around 150,000. Please advise how the whole process works.

Asked by Zara, Morton Grove, IL Tue Feb 26, 2013

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4
Noah Seidenb…, Agent, Evanston, IL
Sun Jul 26, 2015
It is a sellers market in Skokie, Niles and Morton Grove. I am a local Realtor and there is no good rent to own situations that are for real. If you want to give me a call I can advise you on a lender I work with and find out what programs you would qualify for with a mortgage.
Good luck to you Zara.
0 votes
Bryce Fuller, Agent, Glenview, IL
Wed Feb 27, 2013
I have a rent-to-own program that is really very simple. You pick the home you want to purchase. Any home in your price range. You "apply" for the rent-to-own program. A third party purchases the home for you. You pay the rent to the third party until you are ready to buy. The rent is per-determined for up to 5 years. the price is per-determined for up to 5 years as well. if you don't buy it, that's ok. If you are interested, call me at 847-208-7888.
0 votes
Arlyn Tratt, Agent, Skokie, IL
Tue Feb 26, 2013
Zara,
I have a fantastic lease to own program in Skokie, Niles and Morton Grove that woks with just about any property.
Contact me for more details.

Thanks
Arlyn
773-370-0003
0 votes
Ron Thomas, Agent, Fresno, CA
Tue Feb 26, 2013
Lease/Option
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.

There is no FORM printed by anyone; there are just too many variables.
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!

Good luck and May God bless
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