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Rent vs Buy : Nationwide Real Estate Advice

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  • Home Buying267K
  • Home Selling46K
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Activity 812
Wed Jul 5, 2017
Jeannette Batsikas answered:
Basically it means that you pay rent but if you decide to buy at the end of your term the remaining rents that you paid through the term agreement gets deducted from the price. A normal downpayment for a rent to own in most cases is nothing but in some cases can be whatever you and the seller agree on. Not all of them are scams just make sure whatever you do is in writting. Hope my answer was helpful! Wish you the best! Jeannette Batsikas ... more
0 votes 16 answers Share Flag
Sun Jul 29, 2012
Stuart McWilliams answered:
The cost will vary depending on what your looking to build and the quality of the materials you build with.
0 votes 3 answers Share Flag
Mon Jul 23, 2012
John Doe answered:
Hey Gary,

I have a two bedroom, two bath with a gym, pool and common roof deck for $5040 per month. Two months free and no fee. Feel free to give me a call @ 646.236.4818

Thanks,


Eric Carino
... more
0 votes 2 answers Share Flag
Wed Jul 25, 2012
Jacques Ambron answered:
Pros are that you can get your foot in the door to purchase in the future. Hopefully you will set a price, and the market will have gone up. In some cases some of the rent might be applied to the downpayment assisting your purchase

Cons, if the interest rates go up, you will have to pay more
... more
0 votes 5 answers Share Flag
Tue Apr 15, 2014
Paul McIntyre answered:
You have some options. The first is to look for a home with seller financing. These are few and far between, but they're worth trying to find. Should you go that route, PLEASE use a real estate professional of some sort.

The next option is to begin working with a lender. Most lenders are able to create projections of how to improve your credit score, giving you the steps you need to take to get yourself into a range that would make financing possible. Another option is to look at programs available through various organizations such as MSHDA or Neighborhoods Incorporated.
... more
0 votes 4 answers Share Flag
Sat Mar 15, 2014
Erik Gimbel answered:
Yes Theresa, I can get some rent to own listings. I should have a couple by next week. What are you looking for?

Erik Gimbel
Visionary Real Estate
847-530-3704
0 votes 7 answers Share Flag
Mon Jul 16, 2012
Chris Harrison answered:
Moe,

You need to elaborate more on your question. The way a rent to own works is you would usually need to put some down payment down on the property. You would do a lease option contract and a % of your rent amount would be allocated towards the rest of your down payment after a 1 year or 2 year lease. What ever you work out with the owner. If your not able to purchase the property once the option to purchase is up you usually lose the down payment.

Chris Harrison
Barrett & Co., Inc.
2885 S. Jones Blvd
Las Vegas, NV 89146
(702) 592-9510 ph
Chris.Harrison@msn.com
... more
0 votes 5 answers Share Flag
Mon Jul 16, 2012
Philip J. Cunningham Sr answered:
Give me a call and I'll see if I can help you a Rent to Own may not be to your advantage there are other means available to you 215-725-5700 X49

Philip J. Cunningham Sr
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia,PA 19152
215-725-5700X49
... more
0 votes 2 answers Share Flag
Sun Jul 15, 2012
Don Tepper answered:
Depends on your situation. There are lots of threads addressing that. You'll find that many Realtors are opposed to it. However, in the right situation (basically, you aren't able to buy now but you will be able to in a couple of years), it can be the right decision. ... more
0 votes 3 answers Share Flag
Fri Jul 13, 2012
Ken Allen answered:
Hi Rafi,
I am a Realtor here in South Tampa and actually own 3 houses very close to Macdill AFB and lived there for 5 years. The truth of the matter is he can probably by for the same price as renting of not cheaper. It would also depend on how long he is stationed there. Please email or call me at 813-624-3679 and I will be happy to help you. Thanks so much.

Ken Allen
Realtor
The Toni Everett Company
kennethallen78@yahoo.com
... more
0 votes 5 answers Share Flag
Sun Jul 15, 2012
Walter Rock answered:
Mathew,

I think the most important question to ask is how long do you plan to stay. If you intend to stay more than 3-5 years, then buy. If you intend to stay less than 3 years, I would rent. It's also not a bad idea to rent the first year that you move to a new city so you can get to know it. However, most people end up buying close to where they rent as the become familiar with the area.

Walter Rock
Broker/Owner
ROCK Properties - REALTORS®
3010 E Old Settlers Blvd
Round Rock, TX 78665
Ph: (512) 850-4510
Fax: (512) 366-9621
www.RockProperties.com
... more
0 votes 10 answers Share Flag
Wed Dec 26, 2012
Rebecca answered:
No it is not rent to own. It is not for sale at this time.
0 votes 1 answer Share Flag
Tue Aug 14, 2012
Tara Skinner answered:
Where and What size home and how much per month?
0 votes 1 answer Share Flag
Mon Jul 16, 2012
Robert V. Harris Jr. answered:
Tue Aug 14, 2012
Ron Thomas answered:
I am not high on Condos and HOAs,
but, buying is better than renting when the Market is moving up.

Good luck and may God bless
0 votes 3 answers Share Flag
Fri Apr 29, 2016
Endre Barath answered:
Great question, how long are you planning on living here? If it is more than 3 years in makes perfect financial move.

Should you have any other questions feel free to reach out to me directly at
homes@endrebarath.com

Endre Barath,Jr.
Prudential California Security
Beverly Hills, CA

301.486.1003(m)
... more
0 votes 6 answers Share Flag
Thu Aug 29, 2013
Don Tepper answered:
Ummm . . . from the owner? That's who provides owner financing. It really depends on the owner whether he/she is willing to do owner financing, and for how much. You have to ask.

Hope that helps. ... more
0 votes 3 answers Share Flag
Thu Jul 5, 2012
Patrick O'Hare answered:
This property is currently on the market for sale.
Payments on a mortgage would be close to what
you would pay for rent If you wanted to explore that
option.
0 votes 2 answers Share Flag
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