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.
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Rent To Own Lease Option Realestate Realty House Invest $100,000.00 |
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Rent To Own Lease Option Realestate Realty House Invest $100,000.00 |
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Rent To Own Lease Option Realestate Realty House Invest $20,000.00 |
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Rent To Own Lease Option Realestate Realty House Invest $20,000.00 |
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Rent To Own House.info REAL ESTATE/HOME/HOUSES/FORECLOSURE/BANK OWNED WEB DOMAIN $250.00 |
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Rent-To-Own Store Business Plan Bundle $39.95 |
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Bill Bronchick Big Profits in Real Estate Lease Options Use Rent to Own Sell Buy $99.99 |
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Wendy Patton Real Estate Lease Option use Rent to Own to Buy and Sell Properties $199.99 |
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Wendy Patton Real Estate Lease Option DVD Bootcamp Rent to Own Buying Strategies $129.99 |
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Owner Finance Land Contract for Deed Rent to Own + Forms, Testing & More! $33.33 |
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Hawaiian Shaved Ice and Snow Cone Machine Party Package $44.95 Make your own shaved ice or snow cones at home with our Shaved Ice Party package direct from the professionals at Hawaiian Shaved Ice. Our Shaved Ice Party Package comes with the S900A Shaved Ice Machine, 2 ice molds, 16 ounce bottles of cherry, grape and blue raspberry premium syrup along with 25 snow cone cups, 25 spoon straws and 3 push-pull pourers. Trust the professionals at Hawaiian Shaved I… |
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Wilton Cupcake Stands Individually decorated cupcakes are the perfect way to add a personal touch to celebrations. Now, with Cupcakes ‘N More, you have the perfect way to serve them! The look is fresh and fun, featuring silver-finished wire spirals to securely hold each cupcake. The twisting, towering design is perfect for any setting-showers, kids’ birthdays, weddings, holidays and more. 15 in. high x 18 wide. Easy to… |
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UZO1 Illuminated / Lighted Party Beverage Fountain (Punch Bowl), Operates on both Electric and Batteries for Outdoor Use, 2 Gal Capacity $39.99 Ideal for birthday parties, weddings, and other special events, this fountain holds up to 1 gallon of any favorite beverage and features a three-tier cascading tower. The unit pumps liquid from the lighted bottom bowl up to the top. The beverage then cascades back down in a waterfall effect from one tier to the next through holes around the outside of the bowls. For added effect, the fountain chan… |
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High Fidelity $6.09 Transplanted from England to the not-so-mean streets of Chicago, the screen adaptation of Nick Hornby’s cult-classic novel High Fidelity emerges unscathed from its Americanization, idiosyncrasies intact, thanks to John Cusack’s inimitable charm and a nimble, nifty screenplay (cowritten by Cusack). Early-thirtysomething Rob Gordon (Cusack) is a slacker who owns a vintage record shop, a massive coll… |
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Discography: Complete Singles Collection $8.99 Where would the ’80s have been without the Pet Shop Boys? Discography makes a compelling case for the notion of Neil Tennant and Chris Lowe as pioneers, if not geniuses. Mixing the cold feel of Euro-techno beats with the Boys’ quest for something warm between the sheets, “What Have I Done to Deserve This” and “Suburbia” sound almost soulful. Although they seemed to be suffering from a terminal ca… |
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Broadway: America’s Music 1935-2005 $40.00 … |
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Yojimbo $2.99 … |
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Kundalini Yoga to Detox & Destress $2.99 … |
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VeggieTales: Minnesota Cuke and the Search for Noah’s Umbrella $2.99 … |
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Shoulder Dolly LD1000 2-Person Lifting and Moving System $33.95 Shoulder Dolly Light Duty gives you a hand in moving the heavy stuff–and reduces back, arm, and hand strain. You’re looking at a 2-person harness, webbing and buckle system designed by a professional mover to ease the burden of lifting heavy and bulky objects. Shoulder Dolly lets 2 movers lift in an upright position instead of bending over, so they use shoulder and leg muscles instead of their ba… |
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