Rent To Buy

[julesGaultier]

After one client insisted on us advertising his house as a rent to buy we were astounded with how many people called up.

The inundation of calls brought out buyers far and wide wanting help with deposits or any further opportunities to rent to buy. My question to anyone out there who has actually sold a house using a rent to buy method is, what are the pros & cons for both buyer & seller?

 

[skeetskeet]

how/when do you set a purchase price?

 

[D_One]

One of the forum members, I forgot his name used to advocate 'Rent to buy' scheme. Do some searches on this forum, there are lots of discussions about it already.

I think you might need credit license or something like that to be able to set it up as you are offering finance.

 

[Qlds007]

No credit license required to offer Rent to Buy as it is not a credit contract.

Sale of a property by way of an instalment contract is different.

 

[Ausprop]

client of what? i.e. what line of business are you in?