Many home owners are making use of rent to own solution in order to sell their home. In the current industry it can take a long time to sell a house, and some individuals are not ready to wait. It is an interesting process to purchasers who cannot buy a home outright due to low financial savings or bad credit, but would like to make investments in property over time. This method of investment makes it possible for a win situation for the purchaser and seller. Buyers can proceed in right away, while establishing on their savings and credit, while house owners can create an earnings from their home.
The tenant must consent to put a deposit on the house, also known as an option deposit, which is about 1-2% of the complete property price. At the end of the term period, the tenant has the choice of purchasing the house at a set amount. The deposit settlement or option deposit, are used toward the down payment on the home. Before the new renters move in, they are typically tested for employment, credit score, and the chance of purchasing the home at the finish of the lease time. If the tenant makes a decision not to purchase the house at the end of the pay time period, then he/she will be in a lose with initial deposit.
The advantages of renting to own are beneficial. There is less tension to have good credit score or a large down payment. This is an interesting feature to many individuals right now who are troubled with a large amount of debt and cannot manage to pay a large amount of money. You can get into your house, with the option of buying without feeling stuck to a large real estate financial commitment that you can't get out of.
Another great advantage is being able to analyze the area to see if it's a right fit. Although lease is generally higher, there is no compulsion to purchase, and you can make certain the house is right for you before making a final decision. The only down fall is that if you make a decision to walk away from owning the house, you have to surrender your initial deposit.
Let us help YOU! Finding house for rent of your choice and we-renttoown.com will work to help you find the home that is right for you. Rent-to-own homes, for lease option and lease to purchase homes allow future homeowners, like you, to not only get into your dream home sooner but improve your credit as well.
So if you are looking to rent to own homes, rent to own houses, or lease option house in Texas, California, and Arizona or in your area. Find a perfect rent to own home today!
To know more about rent to own houses and lease to own homes you can visit our website and read more about us -
Contact Details
WeRent ToOwn
315 W. Elliott Rd.
Suite 107-218
Tempe, AZ 85284
http://www.we-renttoown.com
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