Buyer Benefits of Rent to Own
Personal Benefits
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Opportunity to Own Your Dream Home:
You have the ability to own your own home as you build up equity and fix any potential credit problems. -
Prepare for Home Ownership:
Take your time and learn how to properly care for a house as you move towards your goal of home ownership. -
Get the Help You Need:
HousingList.com has partnered with trusted experts who can help you to improve your credit, pay down your unsecured debt, and save towards your down payment
Financial Benefits
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Turn Your Rent Into An Investment:
Both a portion of your monthly rent and down payment at closing will be credited to your purchase price. -
Profit from Appreciation:
In a Rent To Own agreement the purchase price is fixed, giving you the opportunity to make equity gains in the midst of growing real estate markets. -
Credit Improvement Specialists Available:
Our credit experts can help you build your credit to the point of making a purchase at the end of your lease.
Transaction Benefits
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Upfront Timing:
The timing for moving into a Rent to Own home can be much shorter than purchasing a home should you choose to exercise your option. -
Maintain Your Flexibility:
Rent To Own gives you the flexibility to walk away from the property at the end of your lease term, should you decide you don't want to make the purchase. -
Potential to Own With Any Credit:
Whether you've had late payments, a bankruptcy or simply haven't had enough time to build up your credit, a Rent To Own home may enable you to build equity and repair credit while renting to own your home.
Seller Benefits of Rent to Own
Financial Benefits
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Downside Protection:
If your buyer should fail to procure a mortgage loan, or waive the purchase option at the maturity of the lease term, you retain the deposit, rent, an all accumulated equity. -
Rent Premium:
Rent to own landlords typically collect a rental rate premium in exchange for offering a purchase option. -
Tax Friendly:
Avoid short-term capital gains with a "fix and flip" strategy by renting to own the property to a tenant, just be sure the lease extends more than a year from your date of purchase.
Transaction Benefits
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Responsible Renters:
Your tenant has a large personal equity stake in the home you are selling, and as a result will treat your property just like his own. -
No Traditional Real Estate Transaction Fees:
Avoid all real estate commissions by selling your home to your tenant without using an agent.