Rent to Own
Are you having a hard time purchasing a home because you can’t get a mortgage or don’t have a sufficient credit score? Rent to Own may be your best option.
Rent to Own is an opportunity to lease a home with a right to purchase it. This is an easy process and qualification program. There is no obligation to purchase the home at the end of the lease. You can choose to keep leasing it, purchase it, or you can simply leave.
Here is an overview of how it works:
First, the prospective resident must apply for approval. This is done by filling out a Pre-Qualification application. After approval, the prospective resident will be required to submit a full application with a background check. This is a quick process and you can be on your way to finding a home within 24 hours.
Once the full application is approved, the investing company will provide the prospective resident with the maximum monthly rent of the home for which he/she qualifies.
Next, the prospective resident will work with our team to find a home within the approved guidelines. Once the home has been identified and approved by the investing company, the investing company will attempt to purchase the home. The purchase of the home will depend on an agreed upon purchase price with the seller, satisfactory inspection, an attorney review of the purchase contract, and other closing conditions.
Upon approval of the purchase of the home, the investing company will lease the home to the prospective resident. The prospective resident will be required to sign a one year lease for the home with the right to purchase.
In summary, the investing company will buy the home, you lease it and have the right to purchase later, if you would like to.
CALL US NOW to receive a detailed consultation at 951-732-2106
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