|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 means
you are entering into an agreement to rent or lease your new
home with the option to buy it at a later date with cash or
your own loan. You do not have to buy the home (as no one
can force you) but you do have the exclusive 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 buy.
WE CAN GET HELP FOR YOU TO BUILD OR FIX
YOUR CREDIT! ASK US HOW!
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 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, Vacant Land, 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 or
low credit sometimes comes from having a recent divorce,
medical bills, hard times, self-employed, bankruptcy or even
just a few financial problems which can keep them 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 loan.
|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