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Everything You Need To Know About Rent-To-Own Homes

17 Jun , 2016  

Rent-to-own homes are a new and wonderful innovation in the real estate industry. Often Rent-To-Own homes are wonderful for people who normally may not get approved for a normal home loan. Buying a home through a rent-to-own agreement has become more popular in the aftermath of the 2008 financial meltdown. More people have been looking at creative solutions to buying a home. Find out if Rent-To-Own is the right option for you.

Time Frame For Rent-To-Own

  • The initial lease spans usually from a year to three years, giving you plenty of time to make a safe and well educated decision on your future home purchase.
  • Usually only one person can make the decision to purchase the home during the agreed lease period.

Trust A Professionalimages rent-to-own

  • As with all real estate, its important to make sure that all of the information that you are receiving about your new home, as well as the mortgage, insurance, etc. is clear and well defined. You don’t want to make a mistake that could effect you future in your new home negatively. So make sure to trust the people that definitely know what they are doing.

Keep Detailed Records

  • As with any financial transaction, its important to keep a detailed and specific paper trail. This will be helpful in your final purchase or showing the bank that you have made on time and consistent contributions to your rent or down payment.

Rent-To-Own Prices

  • The price that you initially agree upon with the owner of the home is locked in after signing the lease agreement for the time that you are renting.
  • For example, the house could be rented by its owner for a standard rent of $1,750. But when negotiating the rent-to-own contract, you and the homeowner can agree that you will pay $2,000 a month, with $250 as your home buying credit. At the end of a three-year lease, you’ll have $9,000 set aside. That money is returned to you at the time of settlement and can be used for your money deposit, down payment or closing costs.

Now that you have the information the information, think purely about the benefits that renting-to-download (3) rent-to-ownown could bring you!

  • Its easy to qualify. The seller dictates the qualifications, making it much easier for most people to qualify.
  • You can immediately occupy the home. After paying the lease fee, the buyer is free to move into the home without the normal home buying hoops to jump through.
  • You get to try  the home before purchasing. You have time (often years) between when you move in and when you purchase the home, making you more comfortable with the decision.
  • No property taxes. Until you have fully purchased the home, it is the seller’s responsibility to pay the property taxes.

With all of these benefits, it makes a lot of sense that the rent-to-own market has exploded in recent years. Don’t let this deal pass you by. Look at your options and take advantage.

 

The post Everything You Need To Know About Rent-To-Own Homes appeared first on The Complete Real Estate Site.

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Home Renting,Real Estate Market,Rent-to-Own Homes

RTOR’s Latest Review: Rent-to-Own Consultants

22 Jan , 2016  

Diamonds. We love them. Ladies love them. Rent-to-own consultants and gurus love them, too. They’re sparkly. They’re pricey. That’s part of the allure, though, of the diamond, whether it’s a round cut, princess or marquise. However, as fun and trendy as it is for a lovely lady to receive such a radiant treasure, one thing’s for sure — if you just don’t have the funds to buy, you’re out of luck. More importantly, if you don’t find the right jewel for the money, you’re up a creek.

Rent-to-Own Homes Are Just Like That: They’re Those Pricey Jewels We Want so rent-to-own consultants diamondBadly But Can’t Have

In the real estate market, we look for the best deals. These days, it seems, rent-to-own homes are among those best deals, but they’re often difficult to find, hard to negotiate over, and a challenge to traverse through the legal channels of making sure you’re in compliance with an industry already littered with pitfalls. This is why oftentimes real estate agents don’t care too much for the rent-to-own home, because such a contract only involves the landlord/homeowner and the tenant/home buyer. Nobody else. No lawyers (although they can be included, obviously for a hefty retaining fee), no agents, no nothing.

This Is Where Rent-to-Own Consultants Come In

Rent-to-Own Consultants has changed the real estate landscape to a certain degree: they’re the middle man. The advocate. The diamond cutter. With them, they can resolve any need for legal representation, gain access to any list of rent-to-own homes, and even offer affiliate services for anything like credit repair or identity theft protection. They are what they say they are: consultants. And their fee isn’t as pricey as any of those diamonds you’ll find at Jared.

Aside from this review from RTOR, you can even check out Nationwide Property Value’s take on them as well as Assisting Renters’ viewpoint and know the truth: the Rent-to-Own Consultants bring the goods as an affiliate of the BBB A-rated H.O.P.E. Program — in any shape, cut or shine you could ever want in a rent-to-own home.

The post RTOR’s Latest Review: Rent-to-Own Consultants appeared first on RentToOwnReviews.

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Credit Repair,Rent-to-Own Homes

The Role of a Rent-to-Own and Credit Restoration

14 May , 2015  

A lot of people don’t know this unless you’ve enrolled with the BBB A-rated H.O.P.E. Program: you can actually add your rent payments to your credit report! Shocking, right? The real estate industry is truly an evolutionary model in ways we all can’t imagine. This changes the game for many, particularly when dealing with a rent-to-own contract. You essentially get the best of both worlds….

One of the Best Benefits of a Rent-to-Own: Credit Repairrent to own credit repair

Sometimes known as credit restoration, the simple fact that you’re basically itemizing all of your rent payments onto your report will boost your score by leaps and bounds. That’s a good thing given the fact that you’re going to sign a lease contract to buy the home for a down payment, and with a possible 640+ score, you’re sitting pretty good on that pedestal, aren’t you?

Additionally, you could easily go with a firm like Lexington Law while you’re comfortably renting to get any negatives removed, not having to worry about home improvements (because the landlord will then take care of those!), and get your score looking even better than it will when the time comes for you to buy.

So Be Sure to Ask the Rent-to-Own Home Seller About Credit

You just might find that you’ll qualify even with bad credit. Because in the long run, as long as you’re making those payments, you’re benefiting tremendously through credit repair.

It’s important that you consult with us, your rent-to-own consultants, further about your situation. You never know: that rent-to-own home just might be the right fit for you. But you don’t go into it without the knowledge, understanding and application to negotiate the terms, because remember: ask the right rent-to-own questions, and you’ll get the best outcome. Sure, you’ll pay more out of pocket for rent each month, but that extra money’s going to go into that down payment when you buy, and you just might squeeze even more savings if your credit’s looking sweet.

Yes. Sweet like candy. And we all know that a rent-to-own is exactly like that: candy. GET YOUR CANDY RIGHT HERE.

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