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i am a veteran and wanting to rent to own?
please explain all my options on the best way to find listings that accept these terms .if you are able i prefer to get Re Max to help me with listings. thank you
Asked By Kevin Dutton | Grants Pass, OR | 86 views | Buying | 2 months ago
Answer(2)
Julianne Clark / Your Lowcountry Realtor
Charter One Realty
I would suggest you reach out to your local Veteran assistance programs and see if there are any housing programs available. Habitat for Humanity may be of assistance too. "Rent to own" properties are very few in this current real estate market. Popular with the real estate crash of 2008. It was a way for an owner to get someone in their property that was sitting vacant or did not qualify for a mortgage -- and collect rent while putting a little of that rent toward the principle purchase. Sometimes a large deposit was required and the "buyer" would have to outright finance in a few years. The hopes was that the "buyer" would do improvements while living there since it was going to be "theirs" and if they were unable to get traditional financing in the set time frame -- the house would be in better shape and financeable. I was never involved with or heard of a "rent to own" that ended well.
- 2 months ago
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Monet Templeton
Coldwell Banker C&C Properties
I suggest you interview many agents in your area, with years of experience and agents that are certified to help Vertrans would be fantastic for you as they will know the guildlines that a home must meet inorder to qualify for your VA Loan. If you need help, I can help you find an agent. :)
Thank you for your service!!
- 2 months ago
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