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.
The primary reason you’d want to use a real estate agent for rent-to-own homes is because they can help save you time. Almost every aspect of buying a home is an area of study that you have to research before you make a purchase decision or sign any contracts. Familiarizing yourself with the legalities and processes for things like financing, credit repair and contract clauses specific to a rent-to-own can be a time-consuming task. A real estate agent can help in almost all these aspects by providing advice on all that goes into buying homes.
Not only do they provide the knowledge of the home buying process but they also know the local market way better than you ever could. Knowledge of the local market is the only aspect of buying a home that simply can’t be done by someone who isn’t a real estate agent. At least not without years of working in that market. If you do go with an agent, local market knowledge is the most valuable thing they can provide.
So we’ve decided that using a real estate agent can help save you time and can provide knowledge you wouldn’t otherwise have. However, there are some negative aspects of using a real estate agent for rent-to-own houses.
Real estate agents will want a cut. Some real estate agents might want to push you into buying a home instead of renting-to-own. This translates into a bigger pay day for the agent. Agents have to feed their families, no one is faulting them here, but they can get a little pushy. Speaking of their fees, due to the nature of most rent-to-own home agreements being between an individual home owner and a single buyer having a middle man asking for 1%-2% on top can make a deal less attractive for both parties depending on who’s pocket it comes out of.
Really, the question boils down to these key points. Is it worth saving time to listen to advice of someone else? Is your real estate agent is knowledgeable and trustworthy? Would you be willing to spend a little extra in long run for their help?
If you answered yes to any of those questions then you might want to go visit a real estate agent and ask them to show you some rent-to-own homes on the market. But before you do be sure to check out the rent-to-own home listings on our site