|With some exceptions; very few of our homes are pure
“rentals”. Most are "For Sale" or “Rent to Own"
which is the same as, "renting or leasing with the option
to buy”. Giving you time to work on your credit while
you live in the home without having to deal with banks
or qualifying for loans before you move in.
"Rent to Own" or "Lease to Own" or "Lease/Option"
or "Lease or Rent with the Option to Buy"
All the above terms basically mean the same thing. It m
eans you are entering into an agreement to rent or lease y
our new home with the option to buy it at a later date with c
ash or your own loan. You do not have to buy the h
ome (as no one can force you) but you do have the e
xclusive right to buy it at the agreed price during the option
period according to the agreement! Most buyers enter into
this kind of agreement so they can get into the home they
eventually want to buy without having to deal with banks or
qualifying up front. It gives them time to build or clean up
their credit while renting the home they eventually want to
WE CAN GET HELP FOR YOU TO BUILD OR FIX
BENEFITS: You can move into your home now, even if
you have credit problems that would keep you from getting
a loan at this time! Once you are in your home we work
with you to improve your credit over time so you can
eventually qualify for a loan.
**DEPOSIT OR "OPTION FEE": This "Option Fee" is
paid for the guaranteed, exclusive right to purchase the
home during the "option to buy" period. The entire (100%)
option fee is credited towards the purchase price of the
home when you do buy it!
How much do I need? Depending on the home and
circumstances 5% to 10% of the purchase price of the home
is what we typically receive, but in some cases we can
work with less. Tell us how much you can put towards the
Option Fee now and if you can put more down on a
monthly basis and we'll see if we can work something out!
The more you can put towards this option fee the better! It
puts you higher up on the list of people who want that
particular home as we do compile a list and pick the best
potential "buyer". We will work with you to help you get
into a home! If you have something of value to "trade"
we will also consider that for part or all of the Option
Fee! (ie. House, car, jewelery or ??)
Why do people "Rent to Own" instead of just buy the
In this day and age many good people just cannot qualify
for a loan especially with the banks changing the rules about
how much you must put down (sometimes 20% or more)
and raising the standards of your credit history. Some
people may not have any credit history as in the case with
first time buyers or those who are self-employed. Bad credit
sometimes comes from having a recent divorce, medical
bills, hard times, bankruptcy or even just a few financial
problems which can keep thme from qualifying; or if they
can qualify it puts them in a higher interest rate bracket with
the bank loan. Some of our Buyers just have their money
tied up in a business or other areas or investments and can't
use it to qualify for a loan. And some just don't have their
credit built up enough! By renting to own a property and
keeping your payments current and on time; you are
building a "good" credit history. It can show the banks that
you are a better risk because you already have a history of
living in the house you are interested in buying with their
|What does "Rent To Own" mean?
|A-1 House Solutions
242 W. Main St. #283
Hendersonville, TN 37075
Sell Your House To Us
Please contact us
anytime 24 hours a day,
365 days a year!
|WE BUY HOUSES and VACANT LAND!
YOU CAN BUY OR "Rent to Own" HOMES FROM OUR INVENTORY WTH NO BANK QUALIFYING
|IMPORTANT: PLEASE READ THIS ENTIRE PAGE