We are moving from NY and need a house, Is the owner willing to rent to own
6015 Destiny Park Ct., Katy TX, 77449
(0) | asked by: Belkis Colon | share | 88 months ago | Report
Viewing Answers 1 - 7 of 7
answer by Kathleen Hamid
Good morning, Ms. Colon. You are still looking for a lease to own property. There is new regulation that requires an owner to provide specific tax and financial information on a lease-to-own contract. Those that do this must (if they want to have proper advice) should have an attorney draw up the contract. A Realtor is not allowed to create the contract as they may NOT practice law in Texas. This is costly for either party. You may also want to consider that usually very little of the lease payment is applied to the purchase and there is almost always an earnest money deposit that you could easily LOOSE if you do not perform (complete the contract) as written. I would hate to see you get in a situation that was not productive for you. Call me and let's visit about your needs. Thanks, Kathleen (REALTOR) (281) 799-4002 Have a terrific day and I hope you have an enjoyable weekend !!
answer by Lisa Simpson
Probably not. In Texas, it's very difficult for a seller to do that. First off, you have to 100% own the property before you can place it in a rent to own arrangement. You cannot have an existing mortgage, for example, or any other kind of lien on the property. And you can face criminal charges for allowing any kind of lien (like being late paying your property taxes) to attach to the property once there is a rent to own agreement. Because of this and some of the other provisions in Texas law, you probably won't find anyone who's willing to do a rent to own anywhere in Texas. You can lease and you can buy, but rent to own is a thing of the past here.
Hello, I not sure if you are still in the market for a lease in the area but I did check and this property is a Short Sale which means it most likely is not available for rent. I would be more than happy to set you up on a search of the area so you could see what is available for lease. Let me know if that is of any interest to you. When will you be headed this way? Vickey 281-728-1221
I called and left you a message. In todays market it is very possible that homes on the market for sale will rent them and especially to buy in the future. I had a few questions for you in regards to when you need it, how long you want to lease, and other terms for a possible sale in the future. Please call me at your convenience. I would love to help you find the perfect home. Carolyn Winters Keller Williams Realty
This house is not available for rent to own. If you're looking for rent to own properties, usually the owner will require a form of downpayment or option fee, that's usually a certain percentage of the sales price. Then if you decide you don't want to buy the property, then you end up losing the downpayment. You should be able to find a good rental home in Katy. It makes more sense to rent especially if you're new to the area. Then after a year leasing you can decide if you want to purchase that house or a different house. Feel free to contact me at 281-380-5589 or email at firstname.lastname@example.org PS: There are plenty of rental homes in Katy!
answer by Kathleen Hamid
Good eveing, Belkis. Hope you had a terrific holiday. I sent you the property information. If you have any questions about what you receive I will be happy to answer your questions. There are very serious regulations in Texas for lease to own and it is necessary for an attorney to create the documents as REALTORS are not allowed to do so. That is usually cost prohibitive for the owners. Call me and let's visit about YOUR specific needs and we can make plans to look at properties when you arrive. We can get some of the necessary docs ready before your move making it easier when you get here. Looking forward to helping you....Kathleen (281)799-4002 or KathleenRealtor1@gmail.com
Rent to own is complicated in Texas due to recent legislation. Owners and REALTORS are not willing to expose themselves to the potential liability. Our homes in Houston are so affordable, I suggest renting a home in a neighborhood your like, then see if you want to purchase there.
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