Rent-to-own experiences / tips?

  • Erstellt am 2022-02-21 10:57:44

Alibert87

2022-03-08 21:01:47
  • #1
but we already know that. The fact that there might be an extension is already factored in Indeed not so simple
 

Alibert87

2022-03-08 21:05:50
  • #2


I don't quite understand the motives either. Purely rationally. So the current owner is still alive, maybe that's why he doesn't want to sell immediately. And/or write off the renovation.
 

Yaso2.0

2022-03-08 21:09:34
  • #3


Of course that can be the case, but certainly not at any price, or at least not below market value. As successors, we also want reasonable people, and there were plenty of them, all willing to pay the market price.

I therefore agree with , the heirs won't just give it away.

There are surely other reasonable people who would also be willing to pay the value once it's offered for sale.

And reasonable people could also sell it at some point, and there doesn’t even have to be any malicious intent behind that (job change, separation, etc.); and then the community of heirs would have effectively given away money.

I think you are deluding yourselves in your hope of acquiring a property, potentially even at a "cheap" price.
 

Alibert87

2022-03-08 21:30:44
  • #4


yeah okay, I understand and see that, but is the option of dividing the property really such a big hurdle? I see a catch in it but not a big one. Do you think they have bad / malicious intentions?
 

kati1337

2022-03-08 21:38:34
  • #5
It sounds like there are hardly any convincing motives for the seller to make such a deal aside from the altruistic motive. When money is involved, friendship usually ends.
 

Yaso2.0

2022-03-08 21:52:57
  • #6


you are now supposed to pay 100k for a renovation, in which you are “even allowed to determine a certain part of the materials.” Even? You want to buy the property soon, are supposed to partially pay already now and then have to put up with whatever the heirs come up with for the renovation. And if the result of the renovation does not suit your taste, will you do it again or will you just accept it then?

I wish you good luck with your project, but the very fact that they still want to have the property renovated themselves shows that financially there is still something more attractive to them than carrying out a standard rent-to-own with reasonable people.
 

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