We are going to be leasing a house for the next year. We found a nice house that we think would be great for us. The owner has mentioned that we could do a lease w/ an option to buy. It sounds attractive, but is there anything that I should be cautious of as a buyer?
It doesn't seem like it commits me to anything and she said she would take a portion of the rent paid and apply it to a down payment if we choose to buy. She isn't going to charge me more to do this, so would it be wise for me to do?
Also, what is typical of the amount paid that would be applied to rent?
I'm leaning toward doing it, but if anyone w/ more experience can help me I would appreciate it. Thanks
2007-08-16
03:09:53
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6 answers
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asked by
Philip C
3
in
Renting & Real Estate