My house is listed for sale and hasn’t had any offers. It’s been listed almost 60 days and we’ve dropped the price a few times as we think it was listed too high. The one thing people keep asking is whether we’d do rent to own. Initially I was against this idea (and I’m still pretty turned off by it) but at this point winter is coming and it’s down to the wire. If it ends up being our last resort, how does it all work?

My questions:

Do we get a deposit upfront?
How much of a deposit?
How much of the monthly rent actually goes towards the balance of house?
Why is this a good or bad option?

Topics: real estate, homes, renting, selling, houses, home buying, realtor