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Old 02-06-2007, 05:17 PM   #6 (permalink)
PDXnative
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Join Date: Jan 16th, 2007
Location: Portland, OR
Posts: 2,230
Re: Bad Credit - hard to Rent?

Quote:
Originally Posted by Panterro View Post
The wife and I think we found a place.. its a rent to own.. I never have done a rent to own before and know nothing about it. Any headsup I should know?
If you are new to the area, I would wait on buying a place until you find what areas you like. the housing prices have really gone up here, and they are starting to "correct themselves". You should ask the guy if you can rent first, then decide if you want to buy it. I would be leary of a rent to own. Either they want too much for it, or there is something wrong with it. Or, it could be they just want the interest and they are very honest. Still, I would rent first, then buy.
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