Wouldn’t it be great if you could buy or sell any home rent to own within a month or two tops? Well, it is possible and even probable if you know the right strategies and plan your moves carefully. Of course it is always a good idea to consult legal advice when buying or selling a home.
With the housing bubble bursting, it is currently a difficult time to sell a pre-existing home. Interest rates are rising, housing prices are falling and with so many people in debt foreclosures are increasing. There’s currently something of a glut of homes on the market. If you are stuck in a variable-interest rate sub-prime home loan you may feel like you are caught in the grips of a very large trap.
There may be a way out. By selling your home rent to own you could help both yourself and the cash-strapped buyer who may have poor credit. Once you are out of your current mortgage you could rent, or now would be an excellent time to buy a home. There are tremendous deals out there currently with all the home foreclosures.
Here’s how rent to own works. The buyer makes an agreement with the owner that part or all of the rent money will go towards the down payment of the home, after a length of time, usually 2-5 years, the renter will buy the home, using the extra rent money that was set aside as the down payment.
There is usually not much money put down initially, outside of the normal renter’s deposit for a rental home, so this is a good way for a strapped individual to get into a home for little or no down payment.
Another advantage of rent to own for the buyer is that if you compare how much rent money is applied monthly to the home price, even if it is only 20-40%, it is basically all applied to principle in the form of an eventual down payment. This is very unlike a traditional loan where all the initial payments go up in smoke as interest. It is important for the buyer to note that if he cannot purchase the home in the agreed time period, he may have to move out and lose the extra rent money paid – planning is important.
Many real estate agents and established mortgage companies will advise home owners to not try to sell or buy homes via for-sale-by-owner or FISBO, but they have obvious interest in giving such advice – they won’t make as much money if more people buy and sell their homes without the middle-men. If however, the seller is willing to take the time to learn the ropes, plans carefully, and consults legal advice – it can be done.
I have included two links to resources that can arm the buyer and seller with inside, minimally circulated information that can give them the knowledge to successfully profit from the current housing situation in the author’s section below. Currently there exits great money saving and even profit potential in rent to own and foreclosure properties.
Home leasing is similar to rent to own, some money is paid up front in a lease agreement. The buy must plan to have good credit to purchase the home after the agreed time period. There are other strategies for the home seller to use in today’s housing environment; rent to own, wholesales, pre-foreclosures, rehabs, lease Options, used private money, commercial money and the list goes on. If you are interested in buying or selling a home, now would be a great time to learn about all possible options, especially those used by the professionals and not normally offered to consumers as viable options.
| | Rent to Own for Buyers and Realtors by Wendy Patton $49.99 |
| | Rent To Own – Framed Art Print $21.95 |
| | Rent To Own – Framed Art Print $21.95 |
| | Rent To Own – Framed Art Print $21.95 |
| | Rent To Own – Framed Art Print $21.95 |
| | Rent To Own – Framed Art Print $21.95 |
| | Rent To Own – Framed Art Print $21.95 |
| | Rent to Own for Buyers and Realtors by Wendy Patton $49.99 |
| | Rent to Own for sellers and realtors by Wendy Patton $49.99 |
| | RENT TO OWN Window Sign Banner Store Credit Advertising $19.99 |
| | Rent To Own – Framed Art Print Rent To Own – Framed Art Print… |
| | Rent to Own Art Poster Print by J.t. Vegar, 12×12 $9.99 Rent to Own is digitally printed on archival photographic paper resulting in vivid, pure color and exceptional detail that is suitable for any museum or gallery display. Finding that perfect piece to match your interest and style is easy and within your budget!… |
| | Rent To Own by J t Vegar 12.00X12.00. Art Poster Print Rent To Own by J t Vegar 12.00 inches width X 12.00 inches height.Printed on Fine Art Paper, Thicker and Nicer Finish. This item is a higher quality reproduction than a typical poster.Museum quality fine-art print, printed on high quality archival acid free paper. Most prints are on a thick (120 pound or higher) stock of paper. Each print is of the highest museum art print reproduction quality and… |
| | Broadway: America’s Music 1935-2005 $33.99 … |
| | Rent To Own $8.98 Rent To Own by Rent To OwnThis product is manufactured on demand using CD-R recordable media. Amazon.com’s standard return policy will apply…. |
| | Euphoria $11.99 … |
| | The Official Story $2.99 … |
| | Wendy Patton 2pk DVD Lease Options and Subject Tos $4.99 Recorded live, these DVDs are jam packed with Wendy’s ideas and system details If you haven’t seen Wendy live, you love her after you see this! She will share with you how to find motivated sellers and buyers. She will also share with you her most valuable secret, which is working with Realtors. On this DVD she will share with you “how to get Realtors begging you to buy their listings.” This DVD … |
| | Fix ‘em Up, Rent ‘em Out: How to Start Your Own House Fix-up & Rental Business in Your Spare Time; or, Investing in Real Estate and Creating Wealth with Fixer-Upper Houses $12.60 This award-winning book describes how to get started repairing houses and renting them out in your spare time. It covers various components such as house selection, what to repair, handling tenants, managing the books, and taxes. The book describes the two safest ways to make money in real estate, and one chapter is devoted the the “Zen of Repairing Properties.” The author uses illustrations from … |
| | Rent-to-Sell: Your Hands-on Guide to SELL Your Home When Buyers are Scarce $9.99 You need to sell your home. Either it hasn’t sold, or you know it is a difficult time to be selling. You are not alone. Today it is harder then ever to sell a home in many parts of the country. You know you need to set yourself apart from other sellers to get your home SOLD so that you can move on with your life. This book will teach you step-by-step how to sell your home using a Rent-to-Own a.k…. |
Tags: real estate, realestate, rent to own
Related posts
Tags: real estate · realestate · rent to ownNo Comments
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.