Landlord Question and Answer Forum
We're moving from TX to NM. A couple liked our house and wanted to know if we were interested in lease to own. It's an older home and the value is in the beautiful old wood floors, molding, original hard ware - all of which can be damaged or stolen - reducing the value of the home.
Anyone with good experience with this?
Michelle C, TX on Tuesday, June 23, 2009
RE: lease to own
Lease to own is great in certain situations. First of all, screen those tenants extra carefully, to make sure they'll not only treat the property well and pay their rent, but also theoretically be able to buy the house. Also, you may want to avoid locking in a specific price, in case you want to change your mind later.
Posted by
Ralph F, CA
on
Wednesday, June 24, 2009
RE: lease to own
i'm on this website because i am in an "occupancy prior to closing" situation which is similar to rent-to-own. the problem is: they don't pay. we are carrying the mortgage and now have to try evict them even though we are not really landlords, just home owners who were trying to sell. don't do it if you are not staying in town to watch over things. also, it will be a hassle to collect rent if you are not in town.
Posted by
V. S, KS
on
Saturday, July 11, 2009
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