When it comes to homeownership, we have choices. Rent-to-own can be a great choice for people who are not quite ready to buy, but would still like to live in a nice home of their choice, knowing they hold the right to purchase it.
There could be a number of reasons people would choose to rent-to-own. For example, it allows you the opportunity to get finances in order (by improving credit scores and saving money for a down payment) while “locking in” the home, and possibly building some equity, just to name a few.
There are also some things to consider before agreeing to a rent-to-own purchase contract. That’s why it’s important to work with a real estate professional you can trust to help educate you on how leasing with the option to buy works, and what can be expected if you choose not to buy at the end of the lease.
If you’d like to know more about a new lease with the option to buy program in the surrounding area, and how to apply, get in touch with me using the form below. I’d be happy to speak with you. You can also go directly to the source by choosing to get qualified now.
FOR SELLERS: If you’d like to know more about the advantages of leasing your property with the option to buy, or selling your home, and qualifying it for cash offers from our buyers, I’d love to speak with you. Contact me today!
FOR BUYERS –
Basic Qualifying Requirements:
• Annual household income of $50,000+
• Combined household credit score of 550
• No history of eviction or other tenant/landlord related issues
• Stable employment
• No pending bankruptcy
• No disqualifying criminal history