Zillow Advice: Rent vs Buy - What company offers great rent to own deals? http://www.zillow.com/advice-thread/What-company-offers-great-rent-to-own-deals/464506/ Zillow Advice | Zillow Real Estate Well there are many companies ... http://www.zillow.com/advice-thread/What-company-offers-great-rent-to-own-deals/464506/ <div>Well there are many companies that deal with rentals as well as properties for sale around the world. Usually it depends on theindividual to choose the best firm that offers you these services at prices that suit you.&nbsp;<br/><div>Before you select a company which helps you in making a rental deal, there are a few things to look for in the business. Each one is different in the services and features they offer. It is often a good idea to deal with a reputable company in the real estate field. You can look Plazaestates website and many more like them- they remains competitive in pricing and giveyou a good opportunity to make some money with it as well.</div></div> Thu, 27 Dec 2012 11:15:00 GMT http://www.zillow.com/advice-thread/What-company-offers-great-rent-to-own-deals/464506/ 2012-12-27T11:15:00Z Rent to own - where unrealistic ... http://www.zillow.com/advice-thread/What-company-offers-great-rent-to-own-deals/464506/ Rent to own - where unrealistic sellers meet unrealistic buyers. <br/><br/><!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:RelyOnVML/> <o:AllowPNG/> </o:OfficeDocumentSettings> </xml><![endif]-->While the theoretical concept of rent with the option to buy may seem attractive, most of the realities are considerably less so.<br/><br/> Owners who will consider rent to own are very rare, so it will cut down your options for properties considerably. &nbsp; &nbsp; I consider it much smarter to spend a year or two working on improving your credit and saving up a good down payment.&nbsp;&nbsp; Yeah, it is tough to move but it even tougher to lose a lot of money attempting to buy.&nbsp;&nbsp;<br/><br/> Some features of rent to own:<br/><br/>1.&nbsp; Down payment required - often substantial (say 10% or even 20%) and is non-refundable if the potential buyer doesn't purchase.<br/><br/>2.&nbsp; Monthly rental is above fair market rent, with the only amount going to purchase is the amount above the fair market rent.&nbsp; This is also not refundable.<br/><br/>3.&nbsp; If not qualified for financing at the agreed upon&nbsp; time and price, then you lose everything and have to move.&nbsp;<br/><br/> 4.&nbsp; The price is agreed upon at the beginning of the contract, and housing prices may still be decreasing.<br/><br/>5.&nbsp; You still depend on the owner to pay their mortgage.&nbsp;&nbsp; If they forget,&nbsp; you lose.<br/><br/>If you do get involved in this, please involve an attorney in the contract.&nbsp;&nbsp;&nbsp;&nbsp;<br/><br/> <!--[if gte mso 9]><xml> <m:mathPr> <m:mathFont m:val="Cambria Math"/> <m:brkBin m:val="before"/> <m:brkBinSub m:val="&#45;-"/> <m:smallFrac m:val="off"/> <m:dispDef/> <m:lMargin m:val="0"/> <m:rMargin m:val="0"/> <m:defJc m:val="centerGroup"/> <m:wrapIndent m:val="1440"/> <m:intLim m:val="subSup"/> <m:naryLim m:val="undOvr"/> </m:mathPr></w:WordDocument> </xml><![endif]--><!--[if gte mso 9]><xml> </xml><![endif]--><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-style-parent:""; line-height:115%; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-bidi-font-family:"Times New Roman";} </style> <![endif]--> Wed, 17 Oct 2012 16:01:00 GMT http://www.zillow.com/advice-thread/What-company-offers-great-rent-to-own-deals/464506/ 2012-10-17T16:01:00Z I doubt you will find companies ... http://www.zillow.com/advice-thread/What-company-offers-great-rent-to-own-deals/464506/ I doubt you will find companies that offer these horrid things. usually it is an individual that offers them, companies don't get involved much since the success rate is very very low. Most fail and the renters lose money and walk away with less than they started with. They are not good ideas. I suggest you just rent now and save and when you can really buy, then buy. You will be better off.<br/><br/>Tim Wed, 17 Oct 2012 15:55:00 GMT http://www.zillow.com/advice-thread/What-company-offers-great-rent-to-own-deals/464506/ 2012-10-17T15:55:00Z