Many people ask me about a "Rent to Own" option.

As a potential "Rent to Own" client, some important things to consider are:

  • How much of the rent is going towards the down payment?

  • Is the seller charging any "rent to own" fee that you need to pay upfront?

  • If you change your mind, what will it cost you to get out of the deal?

  • How and when will the purchase price be established?

  • Can you qualify for a mortgage?
Additionally, if you are trying to decide if you should continue to rent or if you should buy a home - Move.com offers a "Rent vs Buy" calculator to help you to compare the costs of renting to the costs of buying a home.

Click Here for the Rent vs Buy Calculator

Jim Starwalt

Thinking of making a move? Log onto my website at www.StarHomeFinders.com and search the Multiple Listing Service from over 150,000 homes for sale. Registering is quick and easy!

Jim Starwalt, Broker Associate RE/MAX Center, Phone: 847-548-2625 Jim@StarHomeFinders.com

 
This post has been included in Illinois Information Lake County, IL Information

0 Comments on Rent to Own Options

Leave a response…

(optional)
What does the graphic say?
 
045 Rainmaker_large

Jim Starwalt - Grayslake, IL REMAX Realtor

Grayslake, IL

More about me…

RE/MAX Center

Address: 100 N Atkinson Rd., Suite 106, Grayslake, Il, 60030

Office Phone: (847) 548-2625

Cell Phone: (224) 627-7581

Email Me

Real estate advice and comments for home buyers and home sellers in the Lake County, Illinois and McHenry County, Illinois area.



Links

Archives

RSS 2.0 Feed for this blog

Find IL real estate agents and Grayslake real estate on ActiveRain.