Asked by Lavern  |  Submitted January 05, 2017

Is it wise to use a "Rent To Own" program?

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  Answers  |  1

January 05, 2017

Depends on how it is set up. I have noticed some that are done right. I have noticed some that are done completely to the renters disadvantage.

1. Make sure everything is in writing.

2. Get it filed, if you can, so you have an interest in the property.

3. Make sure amount you are paying is no significantly over market value, in case you want to obtain traditional financing down the road.

These are three areas that seem to be missed with these types of programs.

Thanks

Matt

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