When considering a rent-to-own home make sure the home you are considering is a legitimate rent-to-own opportunity. It's never fun to be taken advantage of, and it’s an unfortunate fact that many rental opportunities online are scams. Be wary of any advertisement claiming “no credit, no problem”. Remember the old adage "If it's too good to be true, it probably is", the same logic applies here. Below are a few of the pitfalls to look out for when considering a rent-to-own home.
When you plan to sign a rent-to-own agreement there should be trust between you and the owner. A good way to establish that trust is find an unbiased real estate attorney to review the contract and ensure both parties have a fair and reasonable deal. Below are the main elements in an agreement that should be confirmed to ensure the legitimacy of the opportunity.
If you plan to pursue rent-to-own listings online, make sure the website is legitimate. A Better Business Bureaus (BBB) logo found on the site indicates it as a trustworthy business, accredited for its ethical business behavior. We are proud to exhibit the BBB logo on our website. We offer an extensive, nationwide selection of affordable rent-to-own properties. We also provide reputable credit consultants to help navigate you along the path towards home ownership.