Rent to Own in Milwaukee

[Mike Lowery]

Has anyone in the Milwaukee area did a rent to own contract? I will most likely be relocating and I am not sure if selling my house outright or rent to own would be the best way for me to go. Looking for some insight to see how other people's experiences with rent to own in this market.

My proposed figures would probably look something like this:

$126,000 Sale Price w/3 yr rent to own

$1260 monthly rent with $300 allocated in escrow and going towards buyers down payment

$1260 Security Deposit/Option fee

Buyer responsible for all maintainence and repairs on the property.