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Donal78

Rent to buy condo

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Sometimes it's too good to be true, The main thing is to protect yourself, you are committed to buy this property in 4 Months, I would say make sure a Real estate Lawyer goe through the paperwork, Let say the property value drop by 10% over the course of that 4 months, if the price going to be renegotiate. right now we are on a downturn in the real estate market. There are also tax concern, you are paying rent, that's going to his pocket but he's still the owner. And lastly is there any penalty if you or him back out of the deal?

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