What’s In It For ME? Benefits of Rent to Own / Lease Option Transactions for Buyers and Sellers in Roanoke.

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What's in it for me?

 

 

Rent To Own serves both Buyers and Sellers equally and provides a much-needed alternative to the conventional market when values are down and lending guidelines are strict.  Read on to see the benefits to Roanoke home Buyers and Sellers.

Buyer Benefits

  • You don’t need 10% – 20% to move into your new house.  Only a small amount of cash is required up front.

  • Qualify with minimum credit requirements.  We realize bad things happen to good people and we have credit repair experts to help you build your credit while you’re in your home.

  • Move into your new house NOW.  No more moving, changing schools, having yard sales, etc. until you can buy a home conventionally.

  • Establish yourself in the community while you pay down debt, establish credit, build employment history, etc. to qualify for a loan and close.

  • Lock in a fair market rent and price for the full Option Term.  If prices go up you still pay the price you agreed on up front and you get the appreciation!

  • Ability to make improvements to make your house your “home”.  Unlike a traditional lease, our program allows you to make repairs and improvements to your house even before you close.

For more information on our Buyer services please visit:  www.Rent2OwnVA.com

 

Seller Benefits

 

  • Immediate Debt Relief – Your payments are made by the Tenant-Buyer as soon as you approve them and we have a formal closing.  This can take as little as 1 week.

  • You Have No Maintenance – The Tenant-Buyer is responsible for all maintenance and repairs after 30 days so you can get on with your life and not have to worry about all of the “what ifs”.

  • Sell for Full Price – Because you’re flexible on terms buyers are willing to pay full price for the privilege of living in their home while having time to qualify for a loan to close.

  • Sell your House Fast – There is a very high demand for Rent To Own in today’s market.  By being flexible on terms you’re marketing to a whole new group of Buyers who are looking to move in today.

  • No Commissions – You pay nothing.  We collect our fee from the Tenant-Buyer’s Option Consideration.

  • You Hold Title – The house remains in your name until closing.

  • You Retain the Tax Benefits – Because you hold title you still reap the tax benefits of home ownership.

  • We Pre-screen all Applicants For You – We have a specific process for screening our applicants including employment verification, character references, landlord references, criminal background check, credit check, eviction history, etc.

  • Our Tenant-Buyers Have Coaches – We work closely with Lenders, Credit Coaches and even Financial Counselors.  If our Tenant-Buyers need assistance at any point along the way we provide the resources they need to close on your home.

  • It’s NOT Like Renting – Tenant-Buyers make a financial and emotional commitment up front resulting in a homeowner mindset so you’re not likely to have typical Landlord/Tenant problems as you would if just renting.  The home is cared for, the rent is paid on time and you don’t hear from the Tenant-Buyer until it’s time to close.

For more information on our Seller services please visit: www.Rent2SellVA.com

 

–  Chad Corbett, President REsolutions Real Estate Services

This post was written by

Chad Corbett – who has written posts on www.REsolutionsVA.com.
Chad Corbett is a REALTOR, an Investor and a Consultant offering a variety of creative solutions and "outside of the box" services to both Buyers and Sellers. In addition to owning REsolutions Real Estate Services as an Investor, Chad owns Portfolio Properties Real Estate as a REALTOR. For somewhat-conventional real estate guidance focusing on Luxury Homes, Commercial Assets and Investment Properties throughout the country visit www.PortfolioPropertiesRE.com.

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