I attended a family fun day sponsored by a home builder on Saturday. I was impressed by the job they did. They had free food, bounce houses for the kids, and lots of staff there to talk to people about how they could get into their rent to own program. I really like what they have to offer. With the state of our real estate as it stands- overbuilt to the hilt, there are opportunities for every type of situation even if your credit is horrible.
I have put clients in these rent to own programs in the past and have seen many successful closing after a year of renting so I know the program works. Now it is very affordable. Many times for $1,000 - $5,000 down and an affordable payment of anywhere from $900-$1500. Some programs put a portion towards the purchase price and others don't. During the rental period you work with companies to help you with your credit and in 12 months, you are looking at a legal refinance and not new purchase. It works to benefit you as it is easier to qualify for a refinance than for a new purchase.
The reason that it makes sense for the investor/homeowner who built the house is they get your rental payment and then in a year they get their full investment return when you close. Win Win for everyone.
If you find yourself wanting a home but are not in a position to right now, this rent to own program might be for you. Give us a call at AAA Realty, LLC and we can help you with the program that is right for you.
AAA Realty LLC telephone is 239-368-8520
No comments:
Post a Comment