i really want to rent to own but i don't know where to start?

Asked by Jillian Jimenez, Philadelphia, PA Mon Jul 29, 2013

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3
Ron Thomas, Agent, Fresno, CA
Mon Jul 29, 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
1 vote
Amareco2330.a, Home Seller, Philadelphia, PA
Tue Jul 30, 2013
Jillian, I have a Lease/Purchase offering for you, but you need about 200K in upfront money. If so, go to Zillow.com and type in the address: 2330 St. Albans St., Philadelphia and look at the description. If still interested, email me at amareco2330.a@gmail.com and I'll send you a sample copy of the Lease/Purchase Agreement/Contract.
0 votes
Tim Moore, Agent, Kitty Hawk, NC
Mon Jul 29, 2013
Why do you think you want a rent to own. Tell me what is good about that for you?
0 votes
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