Saturday, February 14, 2009

Tons of Rent to Own Homes in Georgia, Minnesota, and Illinois

Now more than ever it is a great time to find rent to own homes. In doing my search here recently I have found that a few states have a tremendous amount of lease to buy houses currently available.

GARentToOwnNow.com or MNRentToOwn.com or ILRentToOwnNow.com

all have at least 100 or more properties available at any given time.

I recently read an interesting article on rent-to-own. view this here:
Rent-to-own home deals surge in popularity

I thought the author did a great job of explaining the learning curve of a lease to buy:

Lease-option contracts are written for individual homes and situations, so there are few fixed rules. However, both parties usually agree on a few general criteria.

The contract usually states that the buyer has to close on the residence within certain time period, usually a year or two. Homeowners avoid longer contracts, because of the risk of losing too much on the upside should real estate values appreciate quickly.

Also, buyers are required to put down a hefty upfront payment, usually between $3,000 and $5,000 for a typical home. In some cases, that money is put toward the eventual down payment.

The buying party also pays rent, giving the owner a monthly income stream to pay or offset the mortgage. Typically, a portion of each payment is set aside for the down payment.

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Monday, September 15, 2008

What are some good reasons for a Rent to Own

Situations Why Rent to Own Would Be A Perfect Fit For You.

We have listed a couple very good reasons why Rent to Own will work for you, by no means are these the only situations why our Rent to Own program will work for you, we understand your situation is unique.

Very Little or Challenged Credit

If you have very little or some tarnished credit our Rent to Own program will give you the opportunity to rebuild your credit and give you the time and ability to then get a much better interest rate and payment on a mortgage you might not have been able to get approved for.

Relocation

You might be just moving to the area and you just aren’t sure if you want or where you will buy but you don’t want to just throw away all your rent payments. With our Rent to Own program at least you will have the option to purchase once you realize the home is your perfect home.

New Business Owner

You might just have a unique situation for instance if you just recently started up your own business and you don’t have those full 2 years of tax returns that most lenders require to qualify for a mortgage.

Enter Here Your Own Unique Situation

You might just have a unique situation, we will work with you with this situation and work on a plan to get you on our Rent to Own program so you can enjoy the benefits of your own home and begin the joy of home ownership.

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