Posts Tagged ‘Perfect Solution’

The benefits of rent to own homes are immense. Buying properties by the rent to own method helps in acquiring the ownership of the concerned homes, without dealing with the banks and mortgage companies.

The idea of the rent to own properties is growing very briskly in the real estate market. Some people choose this option just for the sake of checking out the neighborhood, prior to giving full commitment of purchasing the property. The overall outlook of the rent to own homes, make them a perfect solution for the investors.

Most of the people have found their ideal homes by the process of rent to own. Renting to own is fast becoming the preferred choice of the first time investors in the real estate market. This method is similar to the method used for the rent to own vehicles, wherein the vehicle is first leased, and during the lease if the person likes it, the decision of purchasing it is taken.

The fact that the down payments required in the real estate market are increasing with the time, will not be negated by anyone. In such a scenario, buying the rent to own homes is a much better choice, as the down payments required to be made in this method are very low.

Another important benefit of rent to own homes is that the individuals do not have to worry about the closing costs of the property. The agreement regarding the appropriate price of the house is done between the buyer and the landlord.

In some cases, the payments made towards the rent are accumulated by the landlord as payments towards the price of purchasing the property. In such cases, the landlord asks for a payment that is higher than a month’s rent. This is done for substitution of a large down payment. But, these rates are negotiable.

Another benefit of rent to own homes is, the renters can decide during the course of the lease about not buying the property in the future. This is permitted without any kind of repercussions.

The price of the concerned property remains the same throughout the period of the lease. The landlord is not permitted to increase the price during the course of the lease.

Rent to own investors have to keep in mind the ailments of buying property through the rent to own option. There are potential considerations in buying rent to own homes. This is because, the tenant buyer deals with an investor and not with any financial institution or bank, for this purpose.

The unscrupulous investor, who have a better understanding of the fundamentals of the real estate market, can cheat the new tenant buyers into signing a bad deal. Hence, it is always recommended that the buyers do a thorough review of the property before investing in it. The inspection of the property will result in a proper deal that will prove fruitful in the future for the tenant buyer.

Charles W. Moore, a U.S. Army Veteran began Real Estate Investing in 2001. He’s a Successful Investor, and Author of, “Million Dollar Rent To Own Real Estate Secrets Exposed.” Get his Free Report on Rent To Own Real Estate Investing [http://www.Rent2OwnExposed.com] at: [http://www.Rent2OwnExposed.com] – Learn Real Estate Investing, Stocks Markets and Internet Marketing, visit: http://www.REIeBooks.com

Author: Charles W. Moore
Article Source: EzineArticles.com
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You have seen the ads ‘We buy houses for cash’, ‘Sell your house for cash’, ‘Sell your house quickly for cash’, etc. or the big yellow billboards reading: ‘We buy ugly houses’. And yes, if you have to sell your house quickly, e.g. because of relocation, divorce, foreclosure, etc. this definitely looks like a perfect solution. Since those companies buy houses for cash they can close within a few days. For most sellers this method is not a viable solution though due to lack of equity. Lease-option and owner-finance are great alternatives and you can even sell your home for full price.

As a general rule the maximum offer that companies that buy houses for cash will make is 60% of the home value. They then turn around and sell it to someone else who will fix it up.

This way to sell your house quickly for cash is obviously only an option if you have no large mortgage on the house and you aren’t willing or able to spend the money to fix it up and sell at current market value. And that is the beauty of such companies. If the house you are selling needs work, you have to weigh the cost of having that work done against selling your house quickly for cash, without having to do any work.

Now how is this going to help you if you have a large mortgage on your home (on which you might face foreclosure), or if you simply don’t want to lose that much equity in your home? Well, it won’t. These cash offers are not going to help you and might even offend you, especially if your home is in a relative good condition. So, you want to sell your house quickly and after looking into the ‘we buy ugly houses’ companies you found out that the ‘we buy house for cash’ is not going to work out for you. You know you need to do something now to sell your house quickly! Here is the solution for you: Lease-Purchase or Owner-Finance, for FULL asking price!

A lease-purchase or lease-option is simply a lease agreement combined with a purchase contract, which gives the new tenant/buyer the right to purchase your home under specific terms. During the lease term the tenant/buyer can work on credit issues or their down payment and as soon as they can qualify for a loan, they will purchase the home from you. Since the tenant/buyer is planning on buying the home, they will take care of it as if it is their own.

Owner finance means that a new mortgage will be created between you and the buyer. This means that you become the bank and the seller pays their monthly mortgage payments to you. This way you receive a nice positive monthly income without the hassles of tenants. After all, would you call Wells Fargo or Bank of America when your toilet is broken???

In today’s market both the owner finance and lease purchase technique are great solutions to sell your house quickly AND receive your full asking price, since many potential buyers will qualify; buyers that won’t qualify at a bank yet, but will qualify soon, after their credit has been repaired.

Anton Sonnenberg is a real estate consultant in the Atlanta area. Through their Lease-Option Program and Owner-Finance Program his team has helped many homeowners, landlords, Realtors and investors to sell their homes quickly, even in today’s market, while at the same time helping many Americans fulfill their dream of becoming a homeowner, despite challenged credit. If you would like to sell your Atlanta home quickly for full price, go to http://www.sellinatl.com for a FREE report. Our team at http://www.sellinatl.com will take care of the marketing, buyer placement, credit repair, loan qualifying, and all other services, so you can go on with your life without the burden of a home (and payments) you don’t want to have.

Author: Anthon S.
Article Source: EzineArticles.com
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