Rent to Own options ??

Question

Do all Real Estate companies offer a Rent to Own option on Houses ?

Is it only on certain houses ?

So basically the monthly rent is put towards a Down Payment.

How much % of your monthly rent is going towards your down payment ?

After you reach your Down Payment for purchasing will your monthly rent go up in price ?

What are the options / cons to going about this way ??

Answer 1

when you complete the down payment you have to finance the house with a bank, is your credit good enough ?

Answer 2

I wondered about this as well.  One of the pros, I think, is that you have the option of backing out without having to sell the house...

Answer 3

Not all real estate companies offer this service.

Often times it is only on select houses that they wouldn't have a chance to sell.

Your monthly rate SHOULD stay the same.

The good things about this are that through time you could own the house, cons are that you would be paying more than it is worth.