Rent to Own Options

Many people ask me about a "Rent to Own" option.

As a potential "Rent to Own" client, some important things to consider are:

• How much of the rent is going towards the down payment?
  
  
• Is the seller charging any "rent to own" fee that you need to pay upfront?
  
  
• If you change your mind, what will it cost you to get out of the deal?
  
  
• How and when will the purchase price be established?
  
  
• Can you qualify for a mortgage?

Additionally, if you are trying to decide if you should continue to rent or if you should buy a home - Move.com offers a "Rent vs Buy" calculator to help you to compare the costs of renting to the costs of buying a home.

Click Here for the Rent vs Buy Calculator

Jim Starwalt

Thinking of making a move? Log onto my website at www.StarHomeFinders.com and search the Multiple Listing Service from over 150,000 homes for sale. Registering is quick and easy!

Jim Starwalt, Broker Associate RE/MAX Center, Phone: 847-548-2625 Jim@StarHomeFinders.com