Coldwell Banker Royal Realty
Ca. BRE Lic 01410160
. Your intentions to buy are fantastic, but you really need to talk with a lender, fix whatever credit issues you might have and be patient. Contact me at 619-395-7100 so we can talk.
Sheryl Arndt, Broker
Rent to own is certainly not the best way to buy a house. There are many faults with these programs.
Please contact me. I will sit down with you to discuss your Real Estate needs and make a plan specifically for you. if you are not ready financially at this time, I will refer you to someone who can help with your credit, discuss options and get you ready to become a homeowner.
Coldwell Banker West
Ok, so I have to ask.........WHY are you looking for a rent to own?
I will take a stab at this............
*your credit isn't good enough to qualify for a mortgage now?
*your income isn't high enough to qualify for a mortgage now?
*you don't have a down payment now?
Here's the thinkg......if you don't qualify NOW, for whatever reason..................you better make darn sure you will qualify at the end of the lease.
Well, because you will be giving upfront NON-refundable money in one form or the other.
You will forfeit that money if you don't buy the home
It is often referred to as "option" money.....you have the option to buy the home, but if you don;'t exercise that option, the seller can keep your deposit.
Sometimes the "option" money is an amount paid over and above the normal rent for the property. That amount would be credited towards your down payment......but you wou;d lose it if you do not buy the home.
I think many consumers looking for a lease w/ an option mistakenly think their entire rent will be applied to the purchase...and do not realize the down side of this arrangement should you fail to follow through with the purchase.
Make sure you understand this before even thinking of entering into this kind of arrangement!!
save money, repair your credit......do whatever you have to do to be able to buy a home at the right time).
I have an investor that specializes in rent to own properties. If they don't have one in inventory they will find one to purchase and then work with you to rent to own the property. Please contact me if you would like more information and to put you in contact with the right person.
CA DRE # 01869522