Would a rent to own or contract sale be a possibility?

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0Yes

April 08 2010 - Monticello
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Answers (3)

rent to own: where unqualified buyers meet unrealistic sellers, and in the end everybody meets a bunch of attorneys.
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1Yes

June 14 2010
Profile picture for RandallWhiting
The answer is Yes.  There are actually a lot of benefits to this situation (as well as pitfalls as Philip mentioned).  This can be an excellent situation for both parties involved. To go deeper I would need to know whether you are the landlord/seller or the renter/buyer.  I would be happy to discuss the pros and cons of either side with  you here or off line.  Please feel free to contact me through my profile.  I have worked both sides of this situation. 

Ciao for now,

Randy Whiting

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0Yes

June 14 2010
Profile picture for Philip_Chicago
In theory yes, but from a practical standpoint, I doubt that you will find anyone to do it and I am not sure that you would really want it. There are lots of pitfalls.
I would just go for a true rent and wait for the market to get better. If someone cannot get a loan today to buy it, what will happen in 6-12 months to change things??? Find a qualified tenant.
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0Yes

April 08 2010
 

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Profile picture for kristinholliman
QuestionWould a rent to own or contract sale be a possibility?
  • Asked by kristinholliman
  • April 08 2010
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