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Rent vs Buy in 72202 : Real Estate Advice

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Activity 2
Mon Feb 20, 2012
Fitness Man answered:
Hey i was in a similar position a year ago and meet this wonderful real estate lady Evelyn Taylor. She told me about some programs we were able to get into to get a nice house at an affordable price. Unlike other agents she don't mind telling you the things you can do to lower you rate and monthly bill. Me and my wife were able to get a 4 bed room 3 1/2 bath and a pool out in Sherwood for a great deal. Don't know how she pulled it off and my wife and kids are still in love with the house compared to where we came from. ... more
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Sun Mar 22, 2009
Dana Schuster answered:
Your best would be to contact a local agent who can help you find a suitable property. please be aware that you will probably need a substantial deposit(usually 10%) and will probably have to pay a certain amount above the normal rental. This will be placed into an escrow fund in order to build up your down payment. At the end of the term(usually 12 mos.) you would have to take the down payment and get a mortgage from a lending institution. Rent to own works well for people with substantial income but poor credit. ... more
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