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 Rather BUY a nicer home in bad area or bad home in nice area?
Pros/Cons Socially and Financially in your choice???
Thanks....


 I live in SC and have a friend staying in my house. How do I legally evict him from the premises?
We have a verbal agreement only however he has not maintained a decent level of cleanliness in my personal home. I would like him out asap and want to do it as legal as possible. What recourse do I ...


 Do americans realise they will never own a house,,,??
Has any american realised they will never be able to own a home most times if they belong to the working class? If U do not have the millions in your account, u will have to sell it when U grow old ...


 What to do if you have a bad reference from a landlord?
Like it says in the title, should i be honest and tell them what happened or just give the next landlord a friends number to call?

...


 I've got a joint mortgage,we've split up. She wants to sell I don't.Where do I stand? Can she just stop payin?
...


 I can not afford the full payment on my mortgage. cannot refi. house not worth mortgage . what can i do?
i need to lower my payments. i can pay but not the amount agreed upon....


 How low of an offer can I make on this house?
I found a home in an area where everyone is tearing down homes and building huge new ones.So I think the value is in the property more than the house. The listing price is $229,900.00. With the ...


 Is gazumping legal?
Is gazumping legal and can I claim back the £1000 I spent getting a survey done, or am I gonna have to resort to the old tactic of introducing Mr. Vendor to Mr Baseball Bat??...


 Will my house sell before end of this month?
I need to know before sep or Oct 2006 will this house be sold and my husband gets the job we are keen on?...


 Do you think realtors are paid too much?
I dont because;

1. We dont receive regular paychecks
2. We spend lots of time and money without making money to make money.
3. We help greddy owners avoid getting their butts ...


 What is a good job in real estate if you dont want to sell homes or bulid them?
...


 How much do I need to buy a house?
This is just a very general question... I'll be doing more research but wanted to get a an idea first.

If I want to buy a £200,000 house, how much money will I need up front?
<...


 Is the housing market going to crash?
...


 Ans- YES or NO. My Spouse and I are an Interracial couple...?
... We're also A Real Estate team. Should we put our PIC on our website? This will inable all our prospecting clients to see who we are before they meet us. Should we do a pic or no pic?
A...


 Can my landlord enter my property anytime he wants?
I live in a 2 bedroom house and the landlord comes over whenever he wants and goes in our backyard and picks the fruit fruit. He looks through my trash and my neighbors said tries to see in the ...


 What does "utilities included in the rent" mean?
...


 What is the differance between a studio apartment and a 1 bedroom apartment?
what is the differance between a studio/efficiency apartment and a 1 bedroom apartment? like what is the average sizes? what is the floor plan like for both of them? is a studio/efficiency meant for ...


 Who is in the right?
If i put a deposit down on an apartment, but then back out of moving into it, is it refundable. all i have is a receipt of the original amount deposited, but nothing was discussed as far as it being ...


 Can my landlord raise my rent once my fiancee' moves in?
I am getting married, March 30. After a long distance relationship / engagement, I am ready for him to move in. It was hard only having him with me 2 -3 days out of the week. Once I legally add my ...


 How much does someone have to make a year to live in a nice apartment in Manhattan?
I'm talking about nice view of the city, etc.?...



jawad b
What is a rent to own a house?
                     
 




๑۩۞۩๑ § ๑۩۞۩๑
Rating
Rent to Own is an agreement between two parties where the party that owns the property extends, to the second party, the right to purchase the property at a future date. The second party lives in the property until the lease option expires.


tromboneman327
Rating
Generally, the term "rent to own" means its like renting - you're paying a certain amount each month to live there, but with one difference. Each payment goes toward the total price, so that when its paid off, its yours. Generally, people do not do this with houses. Usually, it is either rented or purchased.


pennylane
It means that they charge you a higher rent and the extra goes to pay off (each month) on the mortgage.


ღஐ Queen B ஐღ
Just as it sounds....you pay rent...which is actually going towards the note on the house...When you are done paying the note the house is yours


Who?Me?
While you pay for rent, a portion of your rent is kept to be used later as a down payment for this place.


AL
Rating
One that you can buy


Wyatt Earp
Rating
You pay rent as long as the contract states...it will cost you more in the long run....but if your credit is not so great then it's a good deal...if you can afford the payments.....however if you move again before the total amount is paid..you lose it all :)

Good Luck


Ahdunno
Rating
$600


dukalink6000
Rating
Renting and owning involve the same principles, except I will own my home eventually under ownership.


farside76
Rating
It's just that, your rent the house to own it, After a certain amount of payments of the rental agreement on a home, it will be yours, just ask what the payments are and how long you have to pay rent on it until you actually own it.


Granny 1
Usually you rent for a year and the landlord takes half the rent you've paid which at the end of the year is put as a down payment for the house. than instead of just renting you now are buying on a land contract. Or you must get financing , which is us ally a bank or mortgage co.


brettbrissaw
Rating
best to check with a realtor, and get the facts before you sign any documents... i think it is when all your rent payments are considered if eventually you want to buy the house. i have heard of people getting burnt when they decide they want out of the agreement...i do not think you get your invested money back. again it is best to check with a professional. but ask first if they could give you some free advice...the house should be inspected first, good structure, good furnace, good water heater, good windows, safe steps, good insulation, good wiring etc. good luck!


ron d
Rating
READ THE FIND PRINT. SOME WHO RUN RENT TO OWN ARE CROOKS. ONE LATE PAYMENT AND THE CONTACT IS VOID. IF THEY NEED/WANT A LARGE UPFRONT DOWN PAYMENT. YOU JUST MAY WHAT TO GET A MORTGAGE AND BUY IT NOW............

NOTE: NOT EVERYONE ARE THIS WAY........

GOOD LUCK


satarnag
The industry term is called "lease purchase option". Do a search for that and you should get tons of info. Contact me if you have more questions.

Regards...


~ Autum Girl ~
Its exactly that, you rent it then after awhile you own it


lordsithscott
you pay until you own it


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