EVERYONE IS APPROVED
 

Rent to Own Home FAQ

Frequently asked Questions and Answers


What kind of Rent to Own Homes do you have?

Do I Need a Deposit?


What if I don't have a Deposit but my credit is good?

What if I have some credit problems from my past?

Why choose our Rent to Own plan?

Who pays the taxes?

Who takes care of repairs and maintenance?

When will I end up owning the house?

How much do I pay for the house at the end?


What kind of Rent to Own Homes do you have?
  • ANYTHING YOU WANT! We don't have a bunch of houses that we are trying to fill with tenants. Our approach is about helping people into Home Ownership. We find the best way to do that is by finding the best possible home for you. Once we have you approved, we will set you up with a Real Estate Salesperson who specializes in Rent to Own Homes to work with you to find your perfect home.

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Do I Need a Deposit?
  • Our typical deposit will range from 2-6% of the home cost based on several items including: money available for monthly rent payments, cost of home, and location of the property.

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What Happens to my Deposit?
  • Your deposit, along with up to 20% of your rent is put aside and held for you to use towards purchasing the property at the end of the rental term.

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What if I don't have a Deposit but my credit is good?
  • Our Rent to Own Homes Program is all about helping someone who has bruised their credit, but are taking, or are willing to take the steps required to repair it. As long as your credit is repairable, you are a candidate.

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What if I have some credit problems from my past?
  • Our Rent to Own Homes program is all about helping someone who has bruised their credit but are taking or are willing to take the steps required to repair it. So as long as we see your credit as repairable, you would be a candidate.

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Why choose our Rent to Own Homes Plan?
  • When you choose our Rent to Own Homes Plan, you receive many benefits. You get to choose the house YOU want. We help you take the steps to repair any credit issues. You start applying your money towards something that is yours, rather than paying your landlord's mortgage. We help you save money by crediting you up to 20% of your rent towards your down payment. You get a fixed amount that your new home will cost which protects you against sky rocketing real estate prices and saves you costs because we already have a pre-determined purchase price at the end of the rental period.

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Who pays the taxes?
  • During the period of the rental agreement, the taxes will be paid by the landlord.

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Who takes care of repairs and maintenance?
  • With our goal of helping people into home ownership it is crucial that we are purchasing good quality homes that are not in need of a lot of repairs. For this reason we will not purchase a home that we can't put one of our inspectors through. We also ensure that our tenants are there for the inspection so that they are confidant in the state of the home, because the tenant will be responsible for repairs and maintenance of the property during the rental agreement period.

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When will I end up owning the house?
  • Our program will allow you to own the home in as little as 1-3 years..

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How much do I pay for the house at the end?
  • We take the original purchase price and appreciate the property at a standard rate depending on several factors including: your market, industry trends, and historical data. This pre-determined value provides protection for all parties involved in the transaction and is determined before a home is purchased on your behalf.
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