Real estate blog entries tagged with home selling by Joe Brady

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Home : Blogs : Joe Brady : Joe Brady's Blog : Tag "home selling"

home selling: Philadelphia market conditions encourage rent-to-own - 08/14/07 05:51 PM

As homes in the Philadelphia area are staying on the market longer, many sellers are turning to rent-to-own agreements. An article in the Philadelphia Inquirer titled Market forces change, by Joanne Cleaver, takes a look at a couple who spent $100,000 in remodeling their home, only to be forced to mark-down their asking price from $475,000 to $439,000. Now they are forced to look at rent-to-own agreements because they’d rather do that then lower their price further. Their reasoning? "It's like the stock market: You don't sell at the bottom," says the seller.
The question therefore begs, what are rent-to-own … (19 comments)

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