[stephp4]

Hi my name is Stephanie,
I currently live in Connecticut. I lived in Vermont my whole life until 8 years ago when I married my husband. We are thinking about relocating to the Burlington area. I want to come home! I was wondering if someone could lead me in the right direction regarding my next question.
We are looking for a lease purchase/rent to own situation, I have 4 children ranging in age from 13, 10, 3 and 8 mths. 3-4 bedroom with 1 1/2 to 2 baths. I would like a back yard so that I may put up a swingset.
I am a licensed home daycare in CT and I am looking to do the same thing in Vermont. We have a small dog 5 lbs (maggy) she is a toy fox terrier and is very much a part of our family.
We are looking in the $1500.00 a month rent range. (negotiable).
Any help anyone could give me would be appreciated.
I go to Vermont and visit often but I am out of loop regarding real estate.
Thanks so much
Stephanie

[vter]

I'm not sure about lease/rent to buy options around here. Your best bet would be to call a realtor and ask if those kind of properties exist.
Check home day care information on line wiht the state. I believe it is law that it as an "as right of" use of your home in all towns in the state. You could also call a couple of the towns you are interested in to see how that works.
For an idea on real estate costs, your best bets would be to peruse the major online listing search engines, such as realtor.com . Craigslist is another good bet. Also check out the Free Press ( burlingtonfreepress.com | The Burlington Free Press | Burlington news, community, entertainment, yellow pages and classifieds. Serving Burlington, Vermont ) and Seven Days ( Seven Days | Vermont's Independent Voice ).

[Julie*]

Another vote for searching Craigs List in Vermont to see what the market is out there. I live in Mallets Bay (Colchester) and our next door neighbors are renters (not a lease to own option though) and they pay $1600 per month for a 4 bdrm/2bath split level home on 1+ acres.

Good luck with your potential move.

[sugarmaple]

Hi, as a broker, and seeing more and more homes on the market, I think there will be some sellers/owners who will entertain purchase and sale/lease options to purchase...there can be benefits for both parties...and certainly risks to both sides as well. The seller is taking their home off the market and thus risks losing a direct sale and risks the lessee/purchaser not buying the property...the purchaser/leasee if they do not purchase the property takes the risk, if they do not or cannot purchase the property of losing everything they have put into the property, the option funds, the monthly payments, etc., however, when it does work, it is ideal for all.

Right now with banks limiting mortgages so dramatically, it might be a better time to try a lease option...good luck!

[mustmove]

Sugarmaple are banks actually limiting mortgages in VT?

[Maggie&Jerry]

Your dog and I have the same name, hahaha.