A house came on the market that caught my eye. It is 40K more than I'd like to spend. I am a first-time home buyer. I approached the realtor and explained that I am a few months away (3 months, to be exact) from having my 3.5% down, closing costs, UTI paid down below 10% etc. But, I like the home immensely. I asked the realtor to ask the owner if she would consider a short-term (NLT 3-6 months) LEASE-TO-OWN contract. My rationale is I don't think this house will be on the market long and I simply do not have all the funds to make an offer today.
Thoughts on this and what I should offer? Option fee? etc...
Thanks
