About Us
At Rent To Own Reviews, we help buyers find an alternative method of owning a home. Many home buyers can’t afford to buy a home in a traditional way. We think that everyone deserves a chance to own his or her own home. Rent to own is an alternative way to purchase and own a home. That’s what we stand for.
Rent To Own Reviews has been created under the straightforward concept that doesn’t emphasize credit history and creditworthiness. We know that many buyers – especially mid-earners – are locked out of buying a house with traditional mortgages. That can be because of a poor credit score or high down payments on the home. With rent-to-own programs, they can get a chance to become homeowners. We are here to help.
Rent To Own Reviews has been created under the straightforward concept that doesn’t emphasize credit history and creditworthiness. We know that many buyers – especially mid-earners – are locked out of buying a house with traditional mortgages. That can be because of a poor credit score or high down payments on the home. With rent-to-own programs, they can get a chance to become homeowners. We are here to help.
WHY RENT TO OWN PROGRAM?
At first glance, a rent-to-own home scenario might seem intimidating or even hard to believe possible. The good news is, it isn’t. True, this is not a traditional method toward homeownership, but it works. With the escape clause included, you can have a life with less stress. Imagine savings of up to six-figures and more peace of mind! |
BENEFITS OF RENT-TO-OWNING
- Immediate access to living in your home even while the deal is in process - Helpful if you have credit insecurity (lack of, low rating) - Access to nationwide and local searches - No down payment - Build equity and watch your money go directly towards your ownership (vs. rent) |
WHAT IS RENTTOOWNREVIEWS.COM
RentToOwnReviews.com is a valuable resource specializing in but not limited to: foreclosures, RTO-homes, and lease-options. Previously limited to realtors or those in private programs, listings are now accessible to you. Gone are the days of dreaming of owning a home; you have more options available than you realize. More good news: you don’t have to wait. You can start the process right now. If you need to rent, or you want to own via direct purchase or RTO, you have the tools right here in one website. |
How Does A Rent to Own Home Agreement Work?
A typical rent to own home agreement is that a tenant will pay the owner of the property, known as the landlord, a fixed monthly rental amount. In exchange for this rental the landlord requires the tenant to keep the property and not to destroy or damage it. When a tenant vacates the property the landlord can then make the necessary repairs to the property and recoup their loss from the monthly rental fee. If you decide to rent to own home agreements, there are several factors you should consider.
The first factor is the type of property you have chosen to rent. Most lease agreements will specify that the tenant will be renting the home for a specific period of time. For example, if you are looking to rent to own homes in the mountains you will most likely need to rent the home for a minimum of one year. Before you accept the lease you must also carefully analyze the amount of money you will need to pay each month towards the property.
Another factor you must consider is what happens to the tenant in the event of your departure. Will they receive any money? Will they be able to remain in the property? Will they be able to move out in the event of a future sale of the property? These are all questions you must answer before you enter into a lease with the owner to rent to own home agreement.
A typical rent to own home agreement is that a tenant will pay the owner of the property, known as the landlord, a fixed monthly rental amount. In exchange for this rental the landlord requires the tenant to keep the property and not to destroy or damage it. When a tenant vacates the property the landlord can then make the necessary repairs to the property and recoup their loss from the monthly rental fee. If you decide to rent to own home agreements, there are several factors you should consider.
The first factor is the type of property you have chosen to rent. Most lease agreements will specify that the tenant will be renting the home for a specific period of time. For example, if you are looking to rent to own homes in the mountains you will most likely need to rent the home for a minimum of one year. Before you accept the lease you must also carefully analyze the amount of money you will need to pay each month towards the property.
Another factor you must consider is what happens to the tenant in the event of your departure. Will they receive any money? Will they be able to remain in the property? Will they be able to move out in the event of a future sale of the property? These are all questions you must answer before you enter into a lease with the owner to rent to own home agreement.
How will you be charged for the lease? A typical owner may charge you up to two percent of the monthly rent for any unused portion of the property. This percentage is referred to as the 'marketing expense' and can vary depending on the amount of the property you are trying to sell.
Will there be any fees or charges associated with renting a property? Usually there will be an annual property tax, which is based on your local property tax rate and can add up to a large amount of money. You will also have to pay for advertising and professional services which may tack on a large amount of additional costs. If you do decide to sell the property, you must cover these fees. The good news is that most owners are very reasonable about the fees you will pay.
As you can see, it takes careful planning and a lot of research to understand how does a rent to own home agreement works. However, if you take the time to figure things out carefully you should be able to avoid many of the common pitfalls that other people seem to run into when they try to use this strategy. In addition to taking the time to learn all the facts, you should also be prepared to deal with any unexpected circumstance that can arise. For example, you might think it would be a great idea to buy a house but the seller wants to know you have already bought your first house so you ask them to hold onto the deed instead of letting you buy the property.
Will there be any fees or charges associated with renting a property? Usually there will be an annual property tax, which is based on your local property tax rate and can add up to a large amount of money. You will also have to pay for advertising and professional services which may tack on a large amount of additional costs. If you do decide to sell the property, you must cover these fees. The good news is that most owners are very reasonable about the fees you will pay.
As you can see, it takes careful planning and a lot of research to understand how does a rent to own home agreement works. However, if you take the time to figure things out carefully you should be able to avoid many of the common pitfalls that other people seem to run into when they try to use this strategy. In addition to taking the time to learn all the facts, you should also be prepared to deal with any unexpected circumstance that can arise. For example, you might think it would be a great idea to buy a house but the seller wants to know you have already bought your first house so you ask them to hold onto the deed instead of letting you buy the property.
Rent To Own Reviews
956 3 Mile Rd NW, Suite G
Grand Rapids, MI 49544
(844) 791-1718
https://renttoownreviews.com/
https://rent-to-own-reviews.business.site/
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