Profile picture for stevensberger

Is it a good idea to do a lease to purchase. We are currently renting the home for 1300.

I just found out that the owner bought the house in 2004 for 75,000.  There asn't been any upgrades. What price should I give the owner?  By the wayI will be here for 5 years.
  • August 20 2009 - Rochester
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (1)

A lease to purchase is almost always a bad idea. If you do want to do seller financing, try doing a private sale with a seller-carried mortgage. However, the mortgage on the property (if there is one) is probably $750/mo or less. Have an agent or real estate lawyer run comps on it to determine a price (although the zestimage range is usually a good place to start for purchase price).
  • August 20 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.