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we are looking for a house to rent to own 3 bed 2 bath fenced yard in a nice area ,

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October 17 2013 - Lebanon
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Answers (2)

Profile picture for wetdawgs
Rent to own is an extremely rare beast, I would be surprised if you could find even one in Lebanon.    Rent to own means you have little to no choice. 

Rent to own tends to be in favor of the seller rather than the person who is trying to buy.   Plan on:

10 to 30% down payment.  Not refundable if you can't get regular financing in 2 to 3 years.

Monthly rent is higher than market value rent, only a tiny bit goes towards purchase.

You have to get financing in your own name in two to three years (as specified in the contract).  If you aren't eligible, you lose all the money you've put in to date.

Perhaps you are ready to take the risk, but in most cases the buyers lose a lot of money.

If you do go this route, make sure you have an attorney work with you on the contract so you don't get totally raked over the coals.
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October 17 2013
Profile picture for RizaB
Hi chensley6328 -

Please be informed that we don't have yet the option to list a home as "rent to own". However, there some rentals that could be for sale, you just need to look at to their descriptive information.

For more information about our website you can also visit Zillow Help Center.

Thank you.

Riza B.
Zillow Customer Support

Riza B.
Zillow Customer Support
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October 17 2013
 
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we are looking for a house to rent to own 3 bed 2 bath fenced yard in a nice area ,
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October 17 2013 | 2 answers
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