Rentals in Brooklyn>Question Details

Eric, Home Buyer in 11238

I'm looking for rent to buy homes any suggestions?

Asked by Eric, 11238 Wed Nov 13, 2013

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The reality is that they do not exist in an appreciating market.
No owner/landlord is going to lock themselves into todays price when all market indicators are showing that the price will be higher a year from now.
You would do better to lower your rental budget and save your spare cash flow in an index stock fund to save your money towards a purchase when you have enough in your own accounts, rather than an owners account.
All the best,
Kathryn Lilly, Broker
Realty on the Greene, LLC
1 vote Thank Flag Link Wed Nov 13, 2013
Rent to buy opportunities are rare as most owners prefer to sell outright; however since rent to own properties may not be listed as such, consider working with an agent of your own. Keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright...
1 vote Thank Flag Link Wed Nov 13, 2013
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