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The safest way is to seek the advice of an attorney about the obligations and consequences of renting to own and have her review any documents before you sign.

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8y ago

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Are rent to own homes a good way to purchase a home?

If you're not able to qualify for a traditional loan. Purchasing a home on rent to own may be a good option.


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Rent-to-own homes are quite common in this economy. Many private individuals sell their homes this way and there are websites dedicated to this type of arrangement such as www.irenttoown.com or www.lease2buy.com


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My Own Way Home was created on 2006-10-09.


How do you rent out your own house?

You can rent out a room or part of the house, or you can rent the entire house. Either way you can run an ad or listing with a real estate or rental management office.


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How can you find a way to rent their home?

If you would like to rent out your home the best place to start would be to check the comparable rental listings in your neighborhood. Once you have done that you can place an ad in your local paper or hire a real estate agent to help you list your home for rent.


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