Profile picture for user581003

Are these rentals wilth option to buy and what are the requirements for rentals?

I am interested in purchasing a home.  As a first time buyer, I would like to know more information about direct purchasing vs.renting with option to buy.
  • April 27 2012 - Kingsbridge
  • 0Yes

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Answers (1)

Profile picture for wetdawgs
Rentals on Zillow rarely are rent with option to buy, but if they are you'll tend to see a note in the comment section.

Rent with option to buy or lease purchase tends to be where people with poor credit scores who are not qualified to buy meet sellers with high expectations.     It tends to be full of pitfalls for the buyer, and tends to be an option to lose a huge amount of money for the potential buyer.   Only a small percentage end up actually being purchases.

A direct purchase gives you much wider selection of properties, and you know from day 1 that you are purchasing the property.

  • April 27 2012
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