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Monday, May 11, 2015
4 “Secrets” of Rent to Own
1) This cannot be stressed enough: I recommend you only enter this or any real estate agreement with the advice of a real estate professional, such as an attorney, and reputable CPA.
2) You should try to negotiate a “right to renew” in such a case that you would not be able to purchase the home at the end of the option period, for ANY reason. 3) When reading real estate ads, look for “tired landlords”. They will write things like: Rent to Own, Make an offer, Low down, Moving, Owner will carry, etc. Look for any signs of an owner trying to entice you into working a deal with them. 4) Above all, use common sense. This is a wonderful opportunity for the right people, but not all deals are for everyone. You will know a deal is for you if you take your time and listen to yourself.
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