Rent to Own Homes
Rent-to-own homes provide some additional options for real estate transactions which can benefit both parties in today's real estate market. A rent-to-own transaction can allow a potential buyer who may not have the capital, or credit needed to buy a house to enter into an agreement to buy a home/property. By drafting a fair contract that can protect both the seller and buyer, you can generate income for the seller and savings for the buyer while securing viable interest in the property.
What is the Rent-to-Own Process?
Decisions that can have lasting implications, like rent-to-own, can be very challenging to jump into. It's important that you educate yourself about each step in the rent-to-own process before beginning your homeownership journey. For anyone who has decided to start this journey, but are unsure where to begin and what will be required of you along the way, we have provided a roadmap to help guide you.
Educate yourself about potential scams
It's an unfortunate fact that when money is involved, scammers will be as well. While the rent-to-own market has many legitimate rental opportunities for potential homeowners, there are occasional scams to watch out for. Make sure to educate yourself on what to look out for when finding rent-to-own opportunities. Once you have learned how to identify a scam, be sure to know how you can protect yourself from scams once you move further into the rent-to-own process.
Finding a rent-to-own home can be a fun and exciting process. Seeing all the opportunities available in your area is a very enlightening experience that helps many individuals realize the path to homeownership is not as difficult as they once thought. If you're curious how to find rent-to-own opportunities in your area, there are many online and local resources to help you.
One method of finding local rent-to-own opportunities is to review homes for sale in your area. You can approach the owner and ask if they are interested in a rent-to-own agreement rather than selling their home. You will need a great pitch when approaching people who are selling their home, as it can be difficult to convince someone who is already committed to the sales process.
Another way to find local opportunities is to use a resource that curates verified, local rent-to-own opportunities. We have a variety of rent-to-own homes in your area that include photos, address, contact information and more. Browse our lease-to-own home listings inventory online and get connected with a seller in your area.