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What Are Contract for Deed and Rent To Own In Ct?
Many Connecticut first time buyers are interested in "Rent to Own" or even "Owner Finance" properties. For first time buyers it is important to have experience professional real estate agents and attorneys on your team when looking for property.
Looking to buy in lower Fairfield County, Ct contact David Popoff at William Pitt Sotheby's in Darien.
Eric Hempler from Minnesota explains the basic principals of these arrangements below with links to further detailed articles.
 
 
Why Contract for Deed and Rent To Own Fail 80% of the Time A Contract for Deed or Rent to Own can be a good option for a buyer that has credit issues, but going this route doesn’t solve the other issue a buyer may have and that’s their credit. If a buyer goes this route and never works on their credit then the money they’ve paid towards a Contract for Deed or Rent to Own can be loss forever, which could be tens of thousands of dollars.
I’ll explain a Contract for Deed and Rent to Own in their simplest form.
Contract for Deed A Buyer pays a Seller a down payment and then a monthly amount plus interest. Sometimes this interest rate is ... more

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