If you are considering this type of a purchase I would recommend to talk to Home Partners of America.They are a Lender (yes, Lender), who offers this very unique program - Lease with a Right to Purchase.
It is a fairly new concept and therefore quite unknown. Great for somebody interested of rent to own though. There are many positives to buyer - I can send you the whole criteria and presentation. Just contact me directly - my info is below.
One of the best features is that instead of dealing with private sellers, you would rent from the bank and buy from the bank. It makes the transaction lot more reliable. Call or email me if you want to know more.
Margus Mahar, Realtor®
Specializing in Luxury and Investment Properties
- Certified 203K Renovation Specialist
- Advanced Construction Expert (ACE)
J.C. Penny Realty, LLC.
8701 W Irlo Bronson Memorial Hwy, Suite 200
Kissimmee, FL 34747