Quote:
Originally Posted by legion
I got a kind of an offer on the house today, well, more of an inquiry.
A lady called and asked if I would consider a rent-to-own type agreement.
I told her that the idea hadn't occurred to me, and I would have to think about it. I told her I would call her back early next week with a decision.
I have some thoughts on this kind of agreement, but I'll keep them to myself so as not to spoil the discussion.
Has anyone here ever done such an agreement as a buyer or seller? If so, what is your experience? Are there standard terms for such agreements?
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I'd be very careful. As others have noted, many things can go wrong. Overall, I think it's a way better, less risky deal for the renter than the seller.