Profile picture for malert1817

Where can I find lease to own houses

  • May 23 2014 - Birmingham
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Answers (4)

Profile picture for JoshBarnettREIB
The Sunday paper, driving the neighborhoods, Craigs list.  Some good starting places.  
  • May 25 2014
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craigs list dot com. and look at the local news papers in the area. You can find some bargin's, you may find yourself looking into places that are farther away from where you work as well.

With all the programs offered to home owners, first timers, post bankruptcy, etc., why a lease to own? The problem with lease to owns, many are the sellers terms. Some of these use to be pretty good if your credit was in the toilet, but, today, you can get away with a 580 credit score, seems you can do much better.

When you buy, in past, all worked for the seller, the owner of the house, nothing for the buyer. Today you go into the office, find a good buyers agent, and they help navigate your way thru some pretty nasty things. The buyers agent is out for you and not in the sellers pockets, thus leveling the playing field.

So often a lease to own winds up with the landlord/seller pocketing your deposit money that you have forked over in the period of time of the 'lease/fleece to own' because your credit didn't pan in time, or there was a really bad and hidden flaw in the house you are trying to buy, like an un-clear title. or something structural, that isn't seen by a neophyte <rookie> home purchaser.

A buyers agent will make sure that all things are checked out, before, and thus keeping as much money in your pocket than a lease to own, or a fleece to own.
  • May 25 2014
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Profile picture for DickBarr
There are companies that will let you pick any home on the open market and buy it to lease to you.  I am not sure about your area.  Here in Illinois, there's a company called Hyperion Homes that does that.

It's a decent program.  I would suggest looking them up on Google and asking them if they know anyone doing the same thing in your area.
  • May 23 2014
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Rent to own is a horrible, horrible idea for the buyer. Your much better off waiting until you can qualify for a traditional mortgage before you go shopping for a home.
  • May 23 2014
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