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rent to own

 
crhs78
(@crhs78)
Advanced Member

what would be the best bet at finding rent to own condos/houses?

would a realtor be the best bet?

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Topic starter Posted : August 2, 2011 10:52 pm
Linda J
(@Linda_J)
Expert

I've never seen any rent-to-own on STX.

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Posted : August 3, 2011 4:37 pm
crhs78
(@crhs78)
Advanced Member

I've never seen any rent-to-own on STX.

im actually looking at STT

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Topic starter Posted : August 3, 2011 4:57 pm
Hiya!
(@Hiya!)
Trusted Member

Same difference. No weird or unusual home loans in the island. You'll need at least 10 percent to put down on a mortgage. Upside is foreclosures are extremely rare. Locals build there own home over long periods of time without a loan. And those houses are generally passed down rather then ever seeing the mls.

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Posted : August 3, 2011 7:31 pm
East Ender
(@east-ender)
Expert

And once you move here, it is usually recommended that you live here for 6 months to a year before you commit yourself to buying something.

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Posted : August 3, 2011 9:59 pm
sallyf
(@sallyf)
Advanced Member

You might, and I repeat might, be able to find an "owner finance" situation. They are rare and it would probably be something that you would "stumble" across.
It never hurts to talk to a realtor, but this type of situation would almost certainly be invisible until you were actually living on the island.

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Posted : August 5, 2011 9:05 pm
Juanita
(@Juanita)
Expert

I think it's probably doable, if you keep looking and talking to lots of people. I know of at least one deal in the works right now for a rent to own. There was a house for sale on here (classified forum) a while back advertised either for sale, or for rent, whichever came first. That sounds like a good candidate for RTO. Go over to the classifieds and search for it...oh...maybe 6 weeks ago??

The rent to own ads you see on craigslist for the VI are not real.

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Posted : August 6, 2011 12:58 am
kindanice
(@kindanice)
Advanced Member

Your best bet on RTO is by word of mouth...using this site is good. I agree about Craigslist. Although CL works well for some things, RTO properties are hard to find. You can send me a private message if you like, as I know of a few.

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Posted : August 8, 2011 4:26 pm
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