Don’t become the victim of the next scam! Learn how to rent to own the RIGHT way to save you money, frustration, and to help you become a homeowner!Rent to own home sales are usually done between two private parties, often without legal or professional assistance on the part of the buyer. For anyone who doesn’t have extensive knowledge in real estate deals, renting to own can put you at the mercy of a less-than-honest homeowner. One such Easton, MA landlord recently plead “not guilty” to … [Read more...]
13 Incredibly Simple Questions to Ask Rent to Own Home Sellers
Now that you have a good idea of what to look for while searching for rent to own homes, let's go over some of the more important questions you want to ask when calling on listings.This is not a complete list of every question you should ask. So if you have other questions or concerns be sure to bring them up to the seller. Is the home available for Rent to Own or Owner Financing? How much are you currently selling the house for? How much is the rent per month? How much … [Read more...]
Discover The Six Costly Yet Simple Mistakes Robbing Rent To Own Buyers Blind
Paying WAY above market rent Buyers of rent to own homes often end up paying rental amounts that are way above fair market.This is because a seller will say something similar to this:“Well the rent is $1,300 per month. $1,000 goes toward rent and $300 goes toward purchasing the house.”This might sound like an ok setup at first, especially if you have trouble saving money for the long-term. But for the seller this is an amazing deal if you agree to it. Because they would be receiving … [Read more...]
How Rent To Own Works – A Detailed Explanation From RentUntilYouOwn
Transcript: When buying a home using the rent to own method, you are renting as you normally would with a traditional home.This is the same as any other house you have rented in the past. The main difference is, you also have the option to purchase the house within a certain time-frame.Basically you find a home that you want to buy, but instead of buying it right away you simply rent the house.While you are renting you will have time to save money, improve your credit, decide if the … [Read more...]
Difference Between Rent To Own and Owner Financing Homes
It is very important to know the difference between owner financing and rent to own.First a brief overview of rent to own, which we explained in the previous video here and then we will explain owner financing and how it works.In a rent to own purchase, which can also be called a lease option, lease purchase, lease to own, rent to buy, or the like, you as the buyer, or tenant, have the option to purchase the home at any time during the rental period.This means you have the legal … [Read more...]
Is Money Going Down the Drain with Rent to Own?
Paying rent to your landlord each month is often seen as waste by those who advocate home ownership. Although, buying a house is not on everyone's list of goals.While it could be true that everyone would enjoy the potential benefits to owning a house, not everyone can afford the pricey mortgage payments, repairs, and other costs associated with buying a house.Those who can ill-afford the big down payment the lenders require may find rent to own homes appealing. Basically rent to own … [Read more...]
