Rent to Own Homes in Portland

Portland, OR is one of the fastest growing and most affordable places to live in the country. The picturesque beauty of the Pacific Northwest is the backdrop for this city and draws in a young and vibrant mix of like-minded professionals. The tech and green industries here are thriving and are creating a wonderful opportunity for growth for a new generation of Americans. Portland consistently ranks among the best cities in America for any number of topics, for example; Portland has been crowned with such titles as one of the friendliest cities, healthiest cities, and most livable cities.
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Rent-to-Own Homes in Orlando

Every year more than 50 million people visit Orlando, FL.  Most of those visitors head to golf courses, resorts, entertainment venues, or theme parks.  However, Orlando is far more than just a pure tourist attraction, the cities wild growth and surge in population signals a healthy economy and a desirable place to call home.

Orlando is projected to become one of the hottest real estate markets in the country in 2018. An unexpected shift to say the least since the Orlando Metro area led the nation in foreclosures just three years ago. However, Analysts at Zillow are expecting a near six percent increase in prices. That rise would put Orlando a full point above the national expected average growth and mark it as the #1 city in America regarding price increases but still leaves Orlando well below its price peak from 11 years ago. (more…)

Renting Spikes Among the Old and Wealthy

Several housing blogs from around the country have recently released articles talking about a critical aspect of a report published by Harvard’s Joint Center for Housing Studies.  The report has shown that high-income households which now live in rental properties have more than doubled since this time ten years ago.

Some industry blogs and standard news outlets are quick to explain this surge with their own set of talking points.   Often you’ll hear talk about how people are just weary of owning and believe that renting is preferable and in some cases more affordable than owning a home.   Some even claim the spike is due to the attitudes of baby boomers since the housing crash, not coincidentally, about a decade ago
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Renting-to-Own Payments vs Mortgage Payments

One of the first questions we are always asked about Rent-to-Own home sales is how the payments are different from a traditional mortgage.    While there are quite a few differences between a traditional mortgage and a rent-to-own at the end of the day a rent-to-own home is just a different way of purchasing a home.    Think of a rent-to-own home as a way for you get into the home you want to buy before you actually buy it.   You’ll start of the process by signing a lease purchase agreement.  This agreement states that you’ll have a set period of time to rent out the home and when that time has passed you will then take out a mortgage and purchase the home.  (more…)

Should you seek the advice of a real estate agent before buying a Rent-to-Own Home?

We know buying a home in the rent-to-own market seems like a daunting task for anyone, which is probably why you’re here learning about the process.  One of the items on your checklist could be deciding whether you should seek the services of a knowledge real estate agent.   The truth is, it really doesn’t matter if you use a real estate agent or not.   While there are pros and cons to using a real estate agent, the bottom line is finding the right rent-to-own home for you and your family. (more…)

Qualifying for a Rent to Own

Qualifying for a Rent to Own property

Now that you’ve learned more about the benefits of renting to own a home, you may be ready to take the first step forward to becoming a homeowner.  But how do you know if you qualify or meet the requirements necessary to be able to lease-to-own a property of your own?  Let’s discuss some key factors landlords will look at when determining if you are a trustworthy candidate for a lease to own purchase of their home. (more…)

rent-to-own-contracts

Rent-to-Own Contracts (a.k.a. Lease to Own Contract)

So you’ve decided to rent-to-own a home, or maybe you’re a landlord who wants to lease your property to a tenant.  The first step is drafting up a Rent-to-Own Agreement (also known as a “Lease with Option to Purchase “) that protects both the home owner and the tenant.

There are many sample rent-to-own agreements and templates online that you can customize and use.  Before using a template however, you should review laws in your state and common items included in a contract to ensure you covering all bases prior to signing a contract.  (more…)