Updated almost 11 years ago on .
rent to own
Good evening , have a question about a rent to own option I am working on . Home was for sale a few years and would be a second home. The seller and I agreed on a price , and down payment and also length of term . They are willing to put all payments of principle and interest towards the debt. We printed the amortization chart to follow for future refinance or payoff , the purchase price is lower than the tax assessed amount . It will be written up and checked by a lawyer locally . They own the home free and clear so no 3rd party issues -Is there anything I should be concerned about ? Seems like a fair deal . Thank you for any advise