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Lexington area Fayette County
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Old 03-25-2008, 06:13 PM
10 posts, read 33,242 times
Reputation: 11


I'm just curious about this...we're moving from a West Virginia town with a major university in it, and it seems like on lbar there are a ton of listings with the option to rent to own or just lease the home as opposed to purchasing. In my hometown hardly any of the listings mention it on a similar type of website. I was just curious if anyone had any ideas as to why this would be?

Just wondering if I might be better off renting for a year and watching the market, anticipating another drop in housing prices once the gov stops subsidizing banks to help keep the interest rates lower.

ps sorry about submitting two new threads on the same day but I have a couple of questions that have been on my mind.
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Old 03-25-2008, 08:56 PM
Location: Todds Rd. area
969 posts, read 2,499,006 times
Reputation: 290
Alot of people have moved on to their next home and are in a bind, so they will rent it out because they need SOMETHING to happen soon. My guess is that these offers are mainly on vacant homes.

I would buy now. Lexington didn't see the crazy appreciation like the parts of the country that are making headlines, so we aren't seeing the crazy depreciation either. In other works, we didn't have a "Bubble". We had a really hot market, and now we have a slow one. The combination of low interest rates and a buyer's market may not coincide in the near future again. Just make sure whatever you buy, you don't over pay (look at the comps) and you will be okay!
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