Consider Buying Lease-To-Own Properties
Whether you’re a buyer who suffered a foreclosure not long ago or you’re a long-time renter interested in becoming a homeowner, the lease-to-own option may be good for you.
Wendy Patton, author of Rent to Buy, due out this month, talks about how to find the rent-to-buy properties and why potential buyers should research not only the property but the seller as well.
Patton recommends looking through Craigslist or the newspaper to find the properties. “I just call up owners [of properties for rent] and talk to them about their home,” says Patton. She says your real estate agent can help with this process. Patton finds that many landlords whose properties are for rent actually would consider selling.