rent to own: Rent-to-Own - A Good Option? Maybe . . . Maybe Not!
- 08/23/12 01:49 PM
Here in many of the North Side of Chicago Neighborhoods our Team works extensively, good housing deals abound. Most Chicago Home Sellers are getting used to the new reality of lower market prices on their homes, while others must sell due to their own economic uncertainty. Mortgage Interest Rates remain at historic lows, and many consider current prices for many types of homes, investment properties, and some condominiums to be at or near their market bottom - although, of course, that is difficult to most accurately predict. For some potential buyers, however, their own financial hardship or lack of a down … (1 comments)
rent to own: MAKING A COMEBACK - Rent To Own Options Made Popular in the 1980's!
- 12/11/08 01:30 PM
Hey, folks - hope you're keeping warm tonight, while those of us here in Chicago are reaching for another blanket! Some may remember those double-digit, near 20-percent mortgage interest rates in the early 1980's. For some buyers back then, rates over 16% were considered attractive, and these loans came with steep monthly payments. Looking for creative ways to sell their properties, when buyers willing to pay such high interest rates were comparatively rare, many sellers and their Real Estate Agents tried to offer a Rent to Own Option. Today, with fewer options for those with challenged credit and low down payment, Lease … (4 comments)
Here in many of the North Side of Chicago Neighborhoods our Team works extensively, good housing deals abound. Most Chicago Home Sellers are getting used to the new reality of lower market prices on their homes, while others must sell due to their own economic uncertainty.
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