Rent vs Buy in 19050>Question Details

Fiona James, Home Buyer in Philadelphia, PA

I want to know is rent to own is an great idea?

Asked by Fiona James, Philadelphia, PA Sun Jun 10, 2012

see my credit is not great but im looking to buy a house!!!!!

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Tim Moore’s answer
Understand this part, you have to be able to get a loan to buy it! You agree that in a year you will buy the house, until then you just rent it and pay an extra amount so the owner won't sell it. If you can't get a loan then you can't buy it in a year and you LOSE the option money that you paid. Rent to own is a suckers bet for most people so avoid it and rent now and buy when you can really buy.
0 votes Thank Flag Link Sun Jun 10, 2012
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