https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Fri, 22 May 2026 05:16:20 +0000 https://boards.hellobee.com/topic/anyone-ever-done-a-lease-with-option-to-purchase#post-118168 Wed, 11 Apr 2012 13:14:35 +0000 daniellemybelle 118168@https://boards.hellobee.com/ <p>@bluestriped bee: Oh, no, that would be terrible! I don't really understand the point of rent-to-own either, since you pay a down payment and are paying monthly anyway. What's the difference - that you can't qualify for a loan?</p> <p>This would really be paying for the first right of refusal on the house so when our lease is up, we can buy it if we want, and at that point part of our rent would have gone towards the cost of the home. I think 25% is average? </p> https://boards.hellobee.com/topic/anyone-ever-done-a-lease-with-option-to-purchase#post-118018 Wed, 11 Apr 2012 11:13:21 +0000 BSB 118018@https://boards.hellobee.com/ <p>@daniellemybelle: Oh, I'm sorry. I read your thread wrong. I didn't realize you were asking about a lease with an option to buy. When I was home buying, I looking into lease to buy homes, where the landlord has the ability to take your money and after a couple months or years say 'nope, I don't like you, so I'm not going let you buy the home.' </p> https://boards.hellobee.com/topic/anyone-ever-done-a-lease-with-option-to-purchase#post-117876 Wed, 11 Apr 2012 09:45:19 +0000 daniellemybelle 117876@https://boards.hellobee.com/ <p>@mediagirl: That's a good point. In this situation, all we would lose would be the price we pay for the option. We wouldn't pay a down payment, and we would only do it for a monthly rent that we would already be willing to pay.</p> <p>@bluestriped bee: Hmm, how could they string you along? Wouldn't you have a contract with a designated end of the lease, where you have the option to buy at that point? </p> https://boards.hellobee.com/topic/anyone-ever-done-a-lease-with-option-to-purchase#post-117510 Tue, 10 Apr 2012 20:15:05 +0000 BSB 117510@https://boards.hellobee.com/ <p>I considered it but never pursued it. I guess I thought it would be tricky legally. What part of your rent would go towards the purchase price? It can't be 100%. Maybe 50/50? Maybe less?</p> <p>Also, I was afraid that if the landlord didn't 'like' me for one reason or another, that he would string me along promising of this un-achievable goal. </p> https://boards.hellobee.com/topic/anyone-ever-done-a-lease-with-option-to-purchase#post-117493 Tue, 10 Apr 2012 20:06:34 +0000 mediagirl 117493@https://boards.hellobee.com/ <p>Honestly, I would either rent or buy. If you get into a rent to own, you may end up paying more than you had to to rent a house you may not buy. </p> https://boards.hellobee.com/topic/anyone-ever-done-a-lease-with-option-to-purchase#post-117105 Tue, 10 Apr 2012 14:37:49 +0000 daniellemybelle 117105@https://boards.hellobee.com/ <p>We're looking to rent a house soon, and while we're not ready to buy for a few different reasons, if the right house came along we'd love to lock it down. We don't have any reason to think we'd be leaving the area we'd be renting in any time soon. A lease option seems like a better option (haha) than rent-to-own because you are not obligated to buy, but a portion of your rent can still go towards the price of the home. You have the first right of refusal and you can lock in the price of the home, which is attractive because home values in the area we are looking in are only going up. However, if you end up not buying, you are out the price you paid for the option (not sure what is typical for this) and all your rent, of course.</p> <p>Has anyone done this or does anyone know anything about this? </p>