Mishiel Paterno

Watson Realty Corp
Listings: 0
Endorsements: 0
Answered Questions: 1

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Answered: Jan 20, 2013
In answer to: could you please advise how rent to own works? is a deposit required and when do you take title? what happens if you just want to rent?
Rent to own is very possible especially in this market where a lot of sellers are not able to sell because of price. Buyers are not able to buy yet because of a hold up (could be a credit issue, timing issues etc). A specific time is established at time of lease agreement. The price is also established. A deposit is made to the sellers to determin the seriousness of the tenants for the lease to own however this is revoked by the sellers if the buyer/tenants decides they don't want to pursue the "buying" part of the agreement. It is advised to seek a professional (i.e. lawyer) before proceeding with this agreement whether you are the landlords/ seller or tenants/ buyer.
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Premier Agent in Jacksonville, FL


I have been helping families downgrade, upgrade or find the homes of their dreams in the different Metro Areas of Jacksonville, FL.
From oceanfronts to river fronts and every space in between... the right home is waiting for you!
I've been in the Real Estate as a Licensed Agent for 5 years now and helping families thru the many changes of the industry in the past recent years and help them find the invesments of a lifetime.
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