2006-07-31 03:39:45 · 2 answers · asked by estephania2182 3 in Business & Finance ➔ Renting & Real Estate
Try this site and see if it will help you out.
2006-07-31 04:05:23 · answer #1 · answered by g3010 7 · 15⤊ 0⤋
Renting to own a house isn't the same as renting to own a stereo. It is actually a type of marketing for a house where a buyer who can't presently get financed to buy a house can secure the house by giving a larger than normal deposit that is held by the owner during a lease period that they buyer uses to live in the house, pay rent and get their credit in order to get a loan before the end of the lease period. When the buyer can get a loan the deposit will be applied to their down payment, but if they can't get financed, they forfeit the entire deposit. Of course agreements can vary. If you are looking for houses that offer this type of option I suggest you speak to a Realtor. Most of the time it won't cost you anything to use their services (as a buyer). If you don't know any, email me and I will be happy to refer one to you.
2006-07-31 14:20:02 · answer #2 · answered by linkus86 7 · 0⤊ 0⤋