Rent to Buy

Some very specific requirements here but you never know,someone might have something!

I have a client looking to buy a property in need of work in the Estepona area. They want to do this on a rent to buy basis over 2-3 years. Ideally a house that a bedroom could be added or some sort of building work to higher the price as he is a builder.

However,the snag is they only want to pay around 500 month rent so they can use their money to renovate.

Like all rent to buy this is a good way of selling your home as there can't be many people wishing to spend time and money adding bedrooms and then walk away! Either way works out well for you!

Anyone any ideas? Negotiation is available! (a little!)

As a way of encouragement: http://www.eyeonspain.com/spain-magazine/recession-option-buy.aspx

Have a good simple weekend.

Maria

Thanks Maria

A fountain of knowledge as usual!!

You have given me a little hope that this could be an option for them!

We had one lady willing to sell her house to my clients this way but only if they paid 1300 month rent! This is way above the normal rental price for her property,let alone on a rent to buy option where they plan to spend money renovating! It makes no sense,her house has been sat empty and for sale for over 2 years,you would think she would jump at the chance of 500 month toward the mortgage plus a sale at the end of it!

Oh well, thanks for giving me some hope anyway. Anyone on here interested in selling with this option or do you know anyone who might be?

Thanks again Maria

Good luck Vicci and thanks for your kind words.

Just let me know if you need anyuthing else in the future.

Have a good domingo.

Maria