Rent to Own

Today’s real estate market is challenging to buyers, sellers and real estate agents and requires creativity to satisfy the needs of everyone.  The rent to own program offered by OwnACondo.com satisfies that need.

You just purchased the home you have wanted your entire life but haven’t sold your current home.  What can you do?  Rent to own may be the solution to your problem.  This scenario as well as many others, offer both buyers and sellers alike opportunities not often made available by traditional real estate brokers.

The rent to own program offers the seller the opportunity to sell their condo and enables buyers who might be cash strapped or have credit issues that can be addressed over time to buy.

The rent to own program works very much like a car lease.  Each month the renter pays you a certain amount to live in the house.  The program can be set up have a portion of the rent go toward down payment accumulating over time to enable the buyer to purchase.  The seller is covering his expenses and feels secure the property is being taken care of because the potential owner is currently living there.  The buyer is living in a property that might be his one day so he is saving toward a down payment and experiencing the neighborhood, schools, shopping and other amenities in the area.

There are definite advantages to the rent to own program and below are just a few.

1. Potential buyers who have no down payment or credit issues may be able to purchase.  They have time to build income and repair their credit.
2. Depending on the agreement, a buyer may not exercise their option to purchase if there is something seriously wrong with the home.
3. Monthly lease or rental amount may go toward down payment enabling the buyer to save for a down payment while living in the property.
4. Potential buyers will be able to determine if the location is one in which they wish to live.  They will be able to learn about the neighborhood, schools, shopping, transportation, etc.

The great American dream of owning your own home is alive and well if you know where to look and what to look for.  A rent to own program can be the perfect solution for everyone and more and more people are seriously looking at it as a means to owning their own home.