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Condominiums,Credit Repair,HOAs,Home Mortgages,Home Renting,Home Selling,Land Contracts,Landlords,Real Estate Market,Rent-to-Own Homes,Taxes

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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Condominiums,Credit Repair,HOAs,Home Mortgages,Home Renting,Home Selling,Land Contracts,Landlords,Real Estate Market,Rent-to-Own Homes,Taxes

What Kind of Home Buyer Are You in Today’s Market?

8 Apr , 2016  

You’d be surprised to know that in our current market there are many different kinds of home buyers (and consequently, home sellers). This should tell you something — that the market’s largely dictated by who you are. And if you don’t know who you are as a home buyer, you’re basically jumping into an ocean without a life jacket — pretty dangerous.

Know What Kind of Home Buyer You Are (or Rather, What Kind of Home Buyer You’re Supposed to Be!)

The beautiful thing about the budding real estate market we’re seeing right now is the ability of resources to gather data and try to make some sense out of the metrics. What houses are selling? Whyhome buyer-1 are they selling? What’s trending? What’s hot in today’s market? How do you think people find out the answers to these questions? — surveysmetrics, data, information.

Know the info, and you’ll know the market. Plain and simple. That’s home buyer 101, the first thing you learn. In order to know the info, though, you have to know where you fit in as a home buyer. Here are the current ‘types’ (for lack of a better term):

Four — count ’em — four different types of home buyers. This makes it complicated. Especially for a home seller. Especially given the fact that by default this brings to the table four different types of home sellers out there. Forget the difficulty of finding the right person for a relationship! Knowing what you want in a home is one thing — knowing if you’re dealing with a millennial home buyer, or a gen-x home buyer, or a baby boomer, or one of the ‘silent’ ones will determine whether you sell that home, buy another one, or just opt for home renting.

It Does Sound Simple, Doesn’t It?

Information is power in this ocean. And there are plenty of fish in the sea. The question is this: which fish are you, and are there enough of the smaller fish for you to snack on? Good question! WANT TO LEARN MORE ABOUT BUYING A HOME RIGHT NOW? CLICK HERE AND SIGN UP!

The post What Kind of Home Buyer Are You in Today’s Market? appeared first on The Complete Real Estate Site.

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Home Mortgages,Home Selling,Real Estate Market,Rent-to-Own Homes

Why You Shouldn’t Be Afraid to Take Photos at an Open House

28 Mar , 2016  

We’re willing to bet you’ve probably never seen any prospective U.S. home buyers walking around inside a property for an open house with a big camera in hand, snapping away at every possible angle. The thought’s preposterous, because the website or flyer already has a detailed listing of photos! What’s the point?

The Point Is This: Not Even the Best Photos a Real Estate Agent Can Take Will Show Everything About an Open House

A house could be haunted. There could be black mold or something. And understand this: a real estate agent will do whatever he or she can to highlight the strengths of the property and minimize the weaknesses as much as possible.

But as a prospective United States home buyer, you still have the right to know absolutely everything about a property before even considering buying it. Even as an American RTO possibility, that’s of specific importance; think about it.open house

You’re going to buy the darn thing! Why not make sure you’re investing in something worthwhile?

You Have to Understand That Some Homeowners/Tenants May Get Antsy

And they have every right to. Legally, an American homeowner looking to sell the house, or even rent it out for RTO, might actually have a problem with a prospective home buyer snapping pictures of the portraits of the cat, dog, son, daughter or vase up the stairway, just as an example. But here’s the thing….

You, as a home buyer, have every right to know everything you need to know about the house. Therefore, your RTO consultant can work with the homeowner, and/or realtor in a situation, to ask the homeowner’s permission to take photos. And that’s something you can definitely work with.

A homeowner, home seller, or prospective RTO landlord needs to understand this — if you’re not letting your prospects know everything about your property, chances are you’ll lose buyers pretty quick.

It’s All About Negotiation and Consultation

That’s just another big reason why you’d need a rent-to-own consultant on your side. It’s hard enough working with an agent. Try just any homeowner working on finding a tenant for a U.S. rent-to-own. Try a homeowner working without the knowledge, know-how, and resources to make the right decisions!

In other words: SIGN UP WITH YOUR NAME, U.S. PHONE NUMBER, AND EMAIL FOR YOUR RTO CONSULTANT TODAY.

Check them out at RTO Reviews for more info about what they can do for you right now.

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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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