Help Please! Rent to own question advice

[Christopher Parsons]

Hey everyone, needing some help coming up with ideas to try to do my best to come out in the best position possible on my situation.

So, we moved down here to Florida on a rent to own option. Purchase price was 295k and we put 35k down, our term to execute on the option ends on 11/30 and it's looking like we won't qualify for a mortgage by then. Our agreement states that 3rd party buyer is not allowed and will void the contract. Value of the house now appears to be 315k and is going up by an average of 3% a month. Given this situation, what would you be doing in my shoes?