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LOOKING FOR RENT TO OWN HOME AGENT HELP?

HEY MY NAME IS CINDY AND IAM LOOKING FOR A RENT TO OWN HOMES IN BOYLE HIGHTS CA 90033 AREA SO ANY BOUDY THAT COULD HELP ME FEEL FREE TO CALL ME AT 323 629*1435 OR EMAIL ME AT CINDYRAMIREZ8289@YAHOO.COM ANY TIME THANK YOU.
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December 03 2012 - East Los Angeles
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Profile picture for sarahluvdalord
look for way to rent to own need more room for my grand kids need help
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May 08
Profile picture for wetdawgs
While the theoretical concept of rent with the option to buy may seem attractive, some of the realities are considerably less so.

Owners who will consider rent to own are very rare, so it will cut down your options for properties considerably.   I consider it much smarter to spend a year or two working on improving your credit and and/or saving up a good down payment (depending on your current situation).   It is tough to move but it even tougher to lose a lot of money attempting to buy.

Some features of rent to own:

1.  Down payment required - often substantial (say 10% or even 20%) and is non-refundable if the potential buyer doesn't purchase.

2.  Monthly rental is above fair market rent, with the only amount going to purchase is the amount above the fair market rent.  This is also not refundable.

3.  If not qualified for financing at the agreed upon  time and price, then you lose everything. 

4.  The price is agreed upon at the beginning of the contract, and no one knows the future of house prices.

5.  You still depend on the owner to pay their mortgage.   If they fail, you lose.

If you do get involved in this, please involve an attorney in the contract.
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December 04 2012
Hi Cindy,

Thanks for reaching out!  There are many agents who work in the 90033 zip code of Los Angeles.  Here's a link to the directory of agents working in 90033:

http://www.zillow.com/directory/90033/real-estate-agents?frmsrch=true

Please let me know if I can help you with anything else!
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December 04 2012
 
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