rent-to-own apartment vs house

Renting an Apartment vs a House

It is one of the hardest decisions that a renter has to make.   Should you go with an apartment? or should you rent a house?   This is one of those dilemmas that every single renter has had the displeasure of trying to wade through, and its never an easy decision to make.  At some point nearly everyone has been faced with this choice.   It ultimately comes down to few key points or requirements that push you in one direction or the other.
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Fall Market Image

Forecast on the Fall 2017 Housing Market

The good news for the economy is the national housing market is still setting higher and higher prices.   But while nationally those numbers are looking good, most of these reports focus on only the major metro areas of the US.  While it is true the markets in metropolitan cities have nearly fully recovered, the actual recovery is far more muddled.   Smaller markets are taking baby steps on the road to recovery and still have a long way to go.  Meanwhile, cities like San Francisco are seeing double digit growth.  It’s expected take at least another eight years to for the US to reach full recovery in most places. Continue reading

questions

18 Questions to ask before renting-to-own a home

As a home buyer, it’s important to ask the right questions before settling on the purchase of a home.  This is a huge investment that you and your family (or future family) will live with for years to come, so it’s important to be prepared.

Even for homeowners interested in renting-to-own their home, it’s important to be prepared with the right questions ahead of time.  This can help you set the right goals ahead of time to ensure you enter an agreement that benefits you. Continue reading

first steps journey

Your First Steps on your Rent to Own Journey

Now that you have began your journey toward rent to own, you may ask what the next steps are?  Where does this road lead, and which path should you take to get to the finish line?

One of the first steps is finding the home you want to invest in.  There are many sources for rent to own homes, and all of these have different features.  Not all resources are legitimate however.  You should make sure to find a trusted source of rent to own homes like www.irenttoown.com Continue reading

lease purchase

What is a lease purchase and do you need one?

Within all rent-to-own agreements, the beginning lies with what is called the Lease Purchase Agreement.  This is a very popular choice for those interested in living in the home they will someday buy before making a dedicated commitment to purchase the home.  Let’s discuss what a Lease Agreement is and why this is an important part of the home purchase to clearly understand prior to embarking on your rent-to-own journey.

Introduction to Lease Purchase Agreements:

The Lease Purchase is a combination of an exclusive right-of-first-refusal for later purchase of the property and what we consider a “traditional rental agreement” like you would see when renting an apartment or a house.  What this means is that you will lease the home with the option to purchase it later at a pre-agreed upon price.  This means that the resident will pay what’s known as an option fee, as well as a monthly payment which includes rent credit for a set period of time.  This contract will also include a locked-in sale price of the home and set of rules unique to your particular arrangement. Continue reading