Selling on Rent to Own
Can’t Sell Your House and Thinking About Renting? Why Not Rent and Sell it.
Selling your house on a rent to own is a great why to sell your house. We specializes in homes that you can buy on a Lease Option, Rent to Own, or even Owner Financing.
So what is evolved in a rent to own or a lease purchase? The process is simple and uses three documents: A standard rental agreement, an Option agreement, and standard purchase agreement.
- The Rental agreement outlines the terms of rental, including monthly payment and length.
- The Option agreement gives you the right to purchase the home within the same time frame of the rental.
- The Purchase agreement out lines all the terms of the purchase such as the purchase price and closing.
Why you many want to sell your house on a rent to own situation:
- You don’t want to use a Realtor.
- You have listed it with a Realtor and they can’t sell it.
- You are selling it as a for sale by owner and are getting fed up.
- Your house didn’t sell so you are thinking of renting it.
- Recent Bankruptcy or Foreclosure
While a typical bank requires 10-20% down payment, buying a Rent to own home only requires 3-6% option fee for the right to purchase the property. The great part is that all of money gets applied to the purchase price when you buy.
In addition, some situation we can give monthly rent credits, or a down payment assistant program. You live in the home while building equity, and have time to fix credit issues!
Whatever your situation is, we can help.