October 2012

There are 1 blog entries for October 2012.

Rent With OptionIt is not uncommon when you are searching through homes for sale to find listings that offer “Rent to Own” options. This trend, while not new in the Ulster County real estate market, is becoming more popular. It is important, however, that anyone that would like to purchase a home in this manner understand the process. It is not a situation where you rent for a couple of months to see if you want to stay and then buy the home. The buyer or renter, puts down money to purchase the option to buy the property later. The buyer and seller may agree to a purchase price when putting the money down or evaluate the market value at that time. Even if the buyer does not buy the property, the option to purchase payment is typically not refundable. This is a purchase…
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