Rent to Own Houses?

1 Answer

Answer :

If you have ever dreamed of owning your own home but thought you couldn’t afford it, there is an alternative way to purchase a house. Sometimes a seller will offer their home for sale as a rent to own house. This way to purchase a house is the best way for you to buy without having to worry about putting down a large down payment.With a rent to own house, you would contract with the seller as if you were renting the home. This means you would probably put down a deposit (usually one month rent), the first months rent and the last month rent. Just as in renting an apartment, you would have to sign a lease or rent to own agreement. You would settle on the purchase price of the home with the seller. Then, you would figure out how much of a down payment you would need to put on the house in or

Related questions

Description : Does the newspaper have a section of rent to own houses in my area?

Last Answer : Local newspapers will have housing sections in the classified ads. These will include properties available for rent and sale. In some areas there may be a separate section for rent to own homes. ... scan the regular rentals section or even the for sale section to find rent to own properties.

Description : How can I qualify for renting out section 8 houses for rent as an owner?

Last Answer : You can qualify for renting out section 8 houses for rent as an owner by following these instructions on www.usrentallistings.com/section-8.asp. Another site is www.hud.gov/faqs/faqrenting.cfm ... the necessary paperwork to put your house up for section 8. Each states requirements are different.

Description : Does craigslist.com have a section that includes houses for rent?

Last Answer : Yes, www.Craigslist.com does include a section devoted entirely to houses for rent. Other sections include house for sale, and apartments for rent.

Description : Can an individual apply for section 8 to rent out houses?

Last Answer : Yes, an individual can apply to rent out a house under Section 8. In order to find out if you qualify, visit www.hud.gov.

Description : Are there any good websites to look up houses for rent in New York?

Last Answer : A good website to look up houses for rent in New York is Craigslist.org. Craigslist offers listings on houses and apartments for rent in New York. You can also check your local Pennysaver.

Description : Where can I find a list of houses for rent in the Cleveland area?

Last Answer : The easiest and most effective way to find a list of houses is in the classified section of the local newspaper. Another way is to go to www.rentals.com where you can find a large list of ... in the Cleveland area: http://www.rentals.com/Ohio/Cleveland/ and http://www.pluggedincleveland.com/rentals/

Description : Where can I rent houses for low income families?

Last Answer : Contact the local hud office and see what you can go with their program.

Description : Can I find cheap houses to rent using Craigslist?

Last Answer : Yes you may find affordable housing on Craig's list. You can search at first, but you will have to register an account to be able to correspond. Search through your city and state in the ... willing to rent the home to keep from house being vacant and mortgage paid And at a reasonable rate?

Description : Do you know of any houses that are for rent from owner?

Last Answer : There are many online websites that allow you to find houses that are available for rent in your area.

Description : I am looking for a hud house to rent in Hughe, AR with the assistance of a voucher. Can you give me a list of the available houses in Hughes, AR please?

Last Answer : homeswithhughes.ca this link will helps you

Description : Where can I find houses to rent?

Last Answer : You can find houses for rent from an advertisement on newspaper, TV or online. You can also ask some of your friend if he/she know some houses for rent.

Description : What area with houses for rent would suit my active lifestyle?

Last Answer : Cottonwood Terrace Apartments would make a great choice. Someone looking to rent and have facilities easily accessible would have to agree this is the best of both worlds as the facilities are located directly within the building.

Description : Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house

Last Answer : (3) Winning a lottery Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Transfer payments are not a ... pensions, charity, scholarships etc. Privatesector transfers include charitable donations and prizes to lottery winners.

Description : Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house 

Last Answer : Winning a lottery

Description : Do people who own halfway houses have specific names?

Last Answer : “Proprietor.”

Description : How many houses does Shaquille O'Neal own?

Last Answer : I know he has at least three homes - One in Miami, one out in Phx, Arizona and one in Orlando in a community called Windermere.

Description : You win a contest where you can pick out any car, truck, etc. The catch is that you cannot own/rent/buy another vehicle for 30 years. What vehicle would you choose?

Last Answer : Bugatti La Voiture Noire. Then sell it, buy a nice house in a city, and walk to places.

Description : How much is a typical down payment for a rent to own?

Last Answer : It varies from one owner to the next. Some require ZERO down payment where others are willing to have a percentage of the monthly rent applied toward the down payment. I'd venture to say that some who ... payment in hopes that the more you put into it, the more serious you will be down the line.

Description : How do rent to own properties work?

Last Answer : Poorly. Way too easy to be ripped off. Both for you as the seller and also the renter. You need an excellent real estate lawyer. Not just a decent one.

Description : What's the difference between lease to own and rent to own?

Last Answer : answer:A lease is a contract to rent a dwelling for a specific length of time, for a specific payment. A rent-to-own is a contract that specifies a certain amount of the monthly payment to be ... down payment on the future purchase of the house, with that money to be applied to the purchase price.

Description : Can someone walk me through the process of a rent to own home?

Last Answer : answer:Have an attorney look over your contract—best advice I can give you. Questions include but are not limited to all terms, payments, effective interest rate, rent to purchase price ratio, liability, insurance, taxes, repairs.

Description : What is the difference (in housing) from rent-to-own and/or lease with option to buy or any other similar way to buy a house?

Last Answer : First, it's all in the contract. The buyer and seller agree to the terms. Usually Rent-To-Own means that part of the money paid every month goes toward the rent and part goes to the purchase ... advantages and disadvantages of each, and should be able to help you choose a plan that works for you.

Description : Do you own/rent a craftsman bungalow? If so, what do you like/dislike about it?

Last Answer : Mydaughter has an absolutely charming one on the east side of Providence.There is a miniscule backyard but the only real flaw is the small kitchen, which is divided into a tiny room with the sink, refrig, and cabinets and a second room with stove, counter tops and small table and four chairs.

Description : How does rent-to-own work?

Last Answer : you first pay a down payment then you pay monthly as you would rent then they give you a year or two to get a loan,but just know they are usally buying it themselves they ask 8,000 down give the ... make you pay for pets after all it,s not yours till paid for.watch your self.been there done that

Description : rent to own homes in aurora colorado

Last Answer : Please search or post rental/real estate ads at deal Classified Ads.

Description : What are some reasonable terms for a rent to own house?

Last Answer : It is reasonable that there will be a certain number of payments in the agreement. There should also be a clause to protect either party if default should occur.

Description : Is getting a rent-to-own home a good idea?

Last Answer : It is a good idea if your credit is weak and you would be unable to get a conventional mortgage to purchase a home. The plus side of rent to own is that it will allow you to build credit and equity and a part of your rent money goes towards the down paymen.

Description : Is a rent to own home usually costlier than just renting or buying?

Last Answer : Renting to own items, or even a home, make a huge profit for the renting conpany. This means that you are paying far more for them than if you purchased them outright.

Description : Who do I talk to about rent to own homes?

Last Answer : Your best bet for rent-to-own homes is talking to homeowners who are selling. Even those who are not advertising rent-to-own may agree to it if you ask them. If they are having a hard time finding a renter, and are also trying to sell the home, they will most likely be willing to do rent-to-own.

Description : Where can I find good rent to own home in boston?

Last Answer : one place to look is www.irenttoown.com/rent-to-own-Boston-rent-to-own-homes

Description : Where can I find a good rent to own home?

Last Answer : It is good to start with local newspaper for rent to own homes. Also, try out http://www.Craigslist.com for a list of rent to own homes in your city/neighbourhood.

Description : How does a rent to own home contract work?

Last Answer : In general, you will sign a lease for a certain amount of time. A specific amount per month will be set aside into an account by the owner for use as a downpayment on the property when you are ready to purchase.

Description : Where can I acquire rent to own furniture online?

Last Answer : There aren't any quality website which offer that. They will have to do a credit check in order for you to qualify to rent the furniture.

Description : Do I need to get my own insurance if I rent a private jet?

Last Answer : Yes, there are several charter companies through which to rent a private jet. http://www.aviatorservices.com/ offers you this ability if you have your own license.

Description : Which of these items are excluded in the computation of National Income under value added method? (a) Own acquired fixed assets by the Government enterprises, Govt. and household; (b) Production for self-consumption ; (c) Imputed rent for own occupied house ; (d) All the three

Last Answer : (d) All the three