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Jessica
I'm a mommy :)
Member since 1/06 7322 total posts
Name:
~Jess~
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rent with option to buy
do you know of anyone reputable that does this in nassau county
i know this is popular in other states, but because of the economy, it is starting to get popular on the island
do you know of anyone that has done this and is now happy
what i know about it is that....you agree on a purchase price based on market value today
you pay rent with a certain percentage goes towards down payment
rental lease is typicallly 1-3 years
end of lease, you have option to buy
pro is that you can lock in on a good price
con is that if you don't buy at the end, you lose out on the extra money you were paying per month
Message edited 7/9/2008 11:50:09 PM.
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Posted 7/9/08 11:48 PM  |
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Long Island Weddings
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ladolcevita
LIF Infant
Member since 6/08 286 total posts
Name:
TA
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Re: rent with option to buy
my sister and aunt did this successfully. Though I think it was luck -- they found someone who listed their home this way and the realtor worked out the details.
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| Posted 7/10/08 9:11 AM |
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