Profile picture for Cateridond

Do Zillow have any Rent with the option to Buy Homes?

Im lookin for an 3 or 4br no more than 1000 per mo. In the Orlando Area or close to Orlando surrounding Areas. 
  • July 30 2013 - Orlando
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Answers (4)

Profile picture for wetdawgs
Lease with option to buy tends to require a substantial down payment. The only money going towards purchase price is the amount higher than  the market rental price.  It is a great way to lose a lot of money.

Why not identify the reason you can't buy today and develop an action plan to buy in a few months to a few years. 

  • July 30 2013
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If you have no options the Lease Option is a route you can take. Also if you have poor credit but are able to save you could try and find a Owner Finance home.
  • July 30 2013
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Lease with the Option to buy is a great way for people with poor credit to own a house. The online free websites list these as well as a number of For Sale by Owner sites. Often people have a lot of money they can put down, but poor credit, so the landlord holds the mortgage for a term. The interest rate will be higher than a bank and some of the terms may not be as generous as a bank, but this is a great way for people to get into home ownership. Check out the for sale by owner sites, many will offer lease option or rent to own properties.

Best of luck to you,
Liz
  • July 30 2013
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I would avoid rent to lose as it is just a poor way to buy and a great way you will lose more money. I have to wonder if you really understand how it works.
  • July 30 2013
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