Rent to own Homes Rent to own Homes is the America’s largest real estate organization. We provide beautiful houses on rent sell and lease at the Serving Kerr Lake and Lake Gaston Area. Rent to own is the perfect option available for anyone who wants to own a home but holding back due to poor credit. There are lots of benefits in a lease purchase which are shown below. Growth in equity The rent investment made by the tenant buyer will accumulate into an investment and credited toward equity. A portion from the rent payment goes toward paying the down payment in a monthly basis. Security or option deposit goes toward the purchase price Though initially a sum is paid as an option deposit or security deposit it goes fully toward the purchase of home when the tenant buyer buys it. Minimum out of pocket expenditures The out of pocket expenditure in rent to own is lesser as compared to when you buy a house. When a house is purchased a down payment of 3.5 % has to be paid at the least. Rent to own allows the tenant buyer to pay only a security deposit along with the option deposit. Flexible nature The seller has the power to make the requirements flexible in areas like credit. The buyer has to proof their capability and honesty by making timely rent payments. Buyer control over home As long as the buyer is paying the monthly rent, he has full control over the home. He can learn everything from managing the home and making improvements before the home become his own property. No tax payment Before full ownership of the home is claimed, the tenant buyer does not have to pay up front property taxes. The buyer gets enough time to learn about the full cost before claiming ownership. Less maintenance cost Larger maintenance cost or maintenance problem that exceeds a certain sum is usually taken charge by the seller before the buyer fully owns the home. Our rent-to-own or lease-to-own programs allow buyers who took some financial hits recover their position of homeownership. The houses are all different of course, but the program is fine-tuned and workable for both parties. It is safe for both parties and a completely legal way to purchase (or sell) a home.
Rent to own Homes The buyer is able to move into the house and the price and terms are locked in for 18 to 24 months. In some cases more time can be allowed. There will be a reasonable down payment/option fee; and 100% of it goes toward the purchase price. When the down payment is made the house is taken off the market. Before move in payment of the first month’s rent is required. Everything is explained in detail and in writing before you take possession of your home. There is no penalty if the buyer completes the purchase before the 18 – 24 months. Down payment Most sellers ask for a down payment of 3-7%. Of course the more you can put down, the more flexible the sellers can be. (Keep in mind they want to sell you the house as much as you want to buy the house.) Credit repair You can still purchase in our rent-to-own program even if your credit has taken some hits. This program was designed for the credit challenged. Further, we can help you repair your credit. We also have many contacts in the debt consolidation and mortgage lending industry. We are the experts at getting your family into the home you want. Join us now… Rent to own properties go fast. There are many people trying to reestablish themselves. You can fill out a credit application and begin the process at no charge. There are no application fees, and there is no obligation. So contact us today and let us show you how to purchase your home today. http://www.nocreditbuyer.com/