Rent to own are not possible in Texas anylonger. You will have to rent, build your credit up and purchase. If you have good down payment, you can purchase through owner financing. Best francois@cozy-homes.com
Hi Latonya, In Your last question you asked for looking a house . its good to know that you wanna it on Rent .But again doing the same mistake , not provided enough information that helps us to help you properly . Can you provide a little more information? Preferred location, size, any other items you would prefer to have in you new home.
If your goal is to eventually become a homeowner, then please consider sitting down with a mortgage lender to see what you will need to do to improve your financial profile and to learn about how long it will take to improve your financial position to buy. Knowing this will determine how long of a lease term to get. It will also motivate you to continue saving and to pay down debts, because often times a first time home buyer finds out they are closer to qualifying for a new home purchase than they think!! I wish you much success!
"Rent to own" or "lease purchase" transactions are not legal and there is no promulgated for provided by the Texas Real Estate Commission for such a transaction. You would need to decide if you want to do one or the other - lease/rent or buy/purchase.
You can search on har.com or contact a REALTOR personally to work for you.
You would need to provide some more information...particularly what area(s) of town you are looking in, if you have any pets, any relevant background information a landlord would need to know, etc. Of course make sure you have at least first month rent and equal security deposit in reserve.