Lease To Own Homes Blog » lease rent to own homes

What Is the Different Between Renting to Own Verses Leasing to Own!?

admin — Tue, 23 Mar 2010 23:42:30 +0000

Can someone with the knowledge of renting/verses leasing to own detail info. I want to move and sale my home. Either rent to own or lease to own? where do i start, or where can I get some information? Please help!! TY so much!

there really isn’t any difference between renting and leasing in this case. basically, rent to own works like this:
buyer pays for a "buy" option that comes due after a set amount of time. say 2 years. this option states the sale price (usually the current market price, not the value in 2 years) and says that after 2 years you agree to sell the buyer the house for this price if the buyer wants it.
the buyer agrees to rent the house for whatever rental amount you choose and also agrees to maintain the house as if it were his. so he does all the repairs and such.
at the end of the time period the buyer has a right to exercise this buy option and buy the house from you at the negotiated price.
the advantages are, for the buyer, that hopefully the value of the house has increased in 2 years and the bank will lend him the money more easily, and he’ll start out with equity.
for the seller, it may be a way to generate income in a down market.

this option should have a cost. like 2000 or 5000 or whatever is right for the area or such. at the end of the term if the buyer does not want to exercise the option, or can’t for some reason, or terminates the lease before the end of the term, then you keep the money he spent on the option, and he is obligated to return the property in the condition he got it.

that’s basically it.

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Anyone Know What the First Steps Would Be to Finding a Home Rent to Own?

admin — Fri, 26 Feb 2010 11:23:33 +0000

We are renting a home now and when our lease is up we would like to find a home to rent to own we dont have good enough credit to get a loan so rent to own is best option for us but we dont know where to start

When applying for a home loan your credit report will be reviewed and you may be required to provide a number of other details, including: Employment and income records, Tax Returns for the last few years List of assets, List of liabilities and what you owe, Your budget showing monthly living expenses so that you can demonstrate an ability to pay.

http://best-loans.awardspace.com/homeloans.htm

http://mortgages-finance.awardspace.com/

With this information you and your lender will be able to determine the kind of home loan and size of the right mortgage for you. In some cases, you can obtain a pre-approval or pre-qualified certificate, which shows how much you can borrow so that you can then shop for homes in an appropriate price range.

Anyone Know What the First Steps Would Be to Finding a Home Rent to Own? is a post from: Lease To Own Homes Blog

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Whats the Difference Between Rent to Own and Lease Option to Purchase?

admin — Mon, 22 Feb 2010 13:12:04 +0000

this is about homes.

they are the same some jsut word them differently!
they both have a term that you rent or lease and then at the end of the term you can exercize your option to buy.

Whats the Difference Between Rent to Own and Lease Option to Purchase? is a post from: Lease To Own Homes Blog

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Lease Option?

admin — Wed, 15 Dec 2010 21:31:08 +0000

mohammadbhatti2000 asked:

I would like to invest in Lease- Option Properties but i need to understand how to figure out, if the propertie will appreciate or depreciate when it comes time for the buyer to buy. I dont want them to leave and not buy a property that depreciates in value. Leaving me with it. thank you for anyone’s help.
Thanks alot for the info can you let me know what is a ROI

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What Is a Lease Option and How Does It Work?

admin — Tue, 14 Dec 2010 04:13:32 +0000

Darrell O asked:

I was going to approach one my tenants to see if he and his family would be interesed in moving in a house. I would buy the house and do a lease option.. What do you think?

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How Do You Sell a House Using a Lease Option Agreement?

admin — Fri, 19 Nov 2010 00:41:06 +0000

moteselives asked:

I want to lease my home with an option to purchase. I want to know if I can do this by myself or if I need a realtor. I know how much I want for selling price, option payment and rent per month. Thanks in advance.

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How Exactly Does Lease Option to Buy Work?

admin — Mon, 15 Nov 2010 16:28:54 +0000

pooldude asked:

I have around a 640 credit score. I still have a couple things to fix on my credit. I need to to a place by the end of the year. I will not have enough for a big down payment to buy. Is Lease option to buy the right way to go for my situation?

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If You Lease Option a House Out, Who Is Resposible for the Property Management and Repairs?

admin — Thu, 11 Nov 2010 10:02:46 +0000

Fergy asked:

When you lease a house out, with the option to purchase…who is responsible for the repairs and maintenance of the home, the owner or the person leasing who may or may not exercise their option to purchase?

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Lease Option?

admin — Sat, 06 Nov 2010 08:37:05 +0000

tlilley_gotgame asked:

I read in the news paper that the owner would finance but i would like to try to offer too lease.

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What Is the Meaning of a Lease Option in a Rental Contract in USA?

admin — Thu, 28 Oct 2010 03:44:05 +0000

Hysteria asked:

We are looking to sell our home in Orlando, FL. A prospective tenant is seeking to rent the home for $ 1700 per month for one year with a “lease option” to buy at $425,000, which is amount we wish to sell the home for at this point in time.
We live in the Middle East and do not understand the word “lease option”.

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