2007-04-02 08:04:56 · 7 answers · asked by angel g 1 in Business & Finance ➔ Renting & Real Estate
www.heritage-unlimited.com
2007-04-02 09:12:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
2
2016-07-20 11:00:04 · answer #2 · answered by Melba 3 · 0⤊ 0⤋
When considering a rent to own you really have to decide if you want to buy the place. Then you need to understand the conditions of the program. How the price was set, when you need to buy, if any of the rent is being credited towards the eventual purchase and other details.
In some deals the 'seller' is really offering you a home in 12 months but using the assumed price 12 months in the future.
You also need to consider your credit. If the program requires you to buy in 24 months will you have the credit and down payment sorted so you can get a loan?
There are many good deals and there are many bad deals. You have to know what you are doing.
Keep researching until you really understand the details.
As this is rent to own you will be a tenant and the other party remains the owner. As such they legally can not ask you to do repairs or to pay for major repairs that involve the habitability of a rental property. Some sellers try to push all repairs onto the rent to own buyer. It will not stand up in a court if things get that far.
2007-04-02 09:40:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Well, due to Ohio having one of the highest foreclosure rates in the nation, you can find that just about anywhere. Many foreclosed homes are being put on the market as rent-to-own just in order to get bodies in the homes.
Buyer be ware! Do your research. Understand the contract thoroughly. If it's a RTO situation, make sure that's what it REALLY is. Don't sign anything that will make you responsible for property taxes, back payments, etc.
Good luck!
2007-04-02 09:33:31 · answer #4 · answered by YSIC 7 · 0⤊ 0⤋
in certainty, the comparable subject happens to you that should take place in case you stop paying on a well-known very own loan. you finally end up getting foreclosed on. basically, it happens speedier. AND, by using fact it is likewise lease..you get evicted too. it truly is a lots speedier technique than in case you had a 'real' very own loan. So.. you lose any money you will have had in 'down fee' and you get kicked out.
2016-11-25 21:18:10 · answer #5 · answered by ? 4 · 0⤊ 0⤋
I have a list of some best websites offering rental homes in this area with details such as location, prices, service etc.
Just email me with subject rental proerties at solidoffer11@yahoo.com you dont
have to write anything.
Best wishes
2007-04-02 17:46:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Dayton, Akron, Toledo, Youngstown, Cleveland, etc.
2007-04-02 08:25:49 · answer #7 · answered by Roger C 5 · 0⤊ 0⤋