Benefits of Rent to Own Program

For those who cannot buy a home through traditional banking mortgages instantly, rent to own program is a viable option to home ownership. The rent to own method brings the dream of home ownership to people who may have otherwise thought it was impossible.

 Here in Home Buyers Inventory we Move You Toward Home Ownership Regardless of Credit Score for those with less than perfect credit, rent to own houses are the way to go. Here in Home Buyers Inventory, we offer options for you despite your bad credit score. We offer homes for individuals who are having a hard time securing a loan to finance the purchase of their new home today but all you need is time. And that’s not all: we offer low down payment.

We don’t take the statement “Regardless of Credit Score” lightly. We will not place a person in a home who we know can not afford the home. We also know regardless of your credit score, we have a network of people who can help you build a plan to increase your credit score organically. We have experts in your local area that will get you on a financial plan to be able to obtain a mortgage. So regardless of credit score, can you do a rent to own home – YES! Will we at Home Buyers Inventory help you – YES! But you must do the work. 

1.) Move in Quicker

When it comes to a typical mortgage and home purchase, it can take months from the time the offer is accepted on a home before you can move in. With rent to own houses, you can usually move in within a week or two of the house being viewed and the documentation being signed. We’ve been able to help a family in as little as 7 days. That’s not typical, but it has been our experience,

2.) Equity Grows Faster

When compared to the average mortgage, equity builds faster in a rent to own situation, because the appreciation happens faster. When a tenant is in control of the home, you may make improvements as you pay the rent. When it is time to go to the bank, the home is worth more than the purchase price.

3.) Full Control of the Home

When you move in, you get full control over the home, meaning you can make adjustments and improvements where you see fit. You can decorate the home. This will make the home more comfortable for yourself and your family.

4.) No Taxes

Since the home still belongs to the investor, we remain responsible for the property taxes until you go to the bank and get a traditional mortgage, and ownership is transferred to you. This makes it easy for you to save money until you own the home.

There are many other benefits for both renters and investors. . While some rent to own programs charge the renters a higher rent for a situation like this, here at Home Buyers Inventory your rent is no more than the typical market rent, which you’re going to be paying anyway. Therefore, our tenant buyers pay the rent willingly to know the property will eventually be their own.

https://www.finweb.com/real-estate/top-6-benefits-of-rent-to-own-houses.html