Buying a rent to own home in Snellville Georgia will help you purchase your dream home, even if you aren’t quite ready today. In our latest post, we will offer guidance on what you can expect during the process so you don’t find yourself stuck with any surprises. What do Sellers Think About Rent To Own HomesSmart sellers all over the Snellville area are discovering how selling via a rent to own contract can be beneficial for both buyers and sellers. By using a rent to own contract, the seller opens up the door to all kinds of new potential buyers. In turn, buyers will be able to put down roots, with time to save up and restore their credit. The risks of a rent to own agreement are often highlighted, but when all goes to plan, the process can be beneficial for everyone involved. How It WorksThe terms of a rent to own contract can vary based on what is agreed upon by the buyer and seller. That said, the general process is pretty standard. The buyer and seller will enter into an agreement stating the tenant will lease the house for a specific period of time, purchasing the property outright once the lease is up. While any amount of time may be agreed upon, the tenant will usually rent for about 2 years. This allows the buyer time to prepare financially. and get their credit in order if needed. If you aren’t confident you will be able to do this in the two years provided, a rent to own contract isn’t for you. However, if you are confident you will be able to buy at the end of the lease, a rent to own contract may be very beneficial for you in the long run. During the rental period, the tenant will usually pay an increased rent, with a portion of it going toward the down payment on the home. There will be a payment upfront to secure the tenants intent to purchase the home. If they should default, the owner will be able to keep the deposit and increased rent paid. If the tenant should fulfill their lease obligation, they will then be able to buy the house at the predetermined price. Most of the time, prices are agreed upon before the lease is signed. This can be beneficial for you should the market go up before the sale is final. Pros and ConsWhile buying a rent to own property is the perfect choice for some buyers, others will experience disappointment at their inability to qualify for a traditional mortgage right away. There are many other pros and cons too, including… The Good
The Bad
All in all, using a rent to own contract to buy a house in market_city] can be beneficial to both the buyer and seller. Before signing any contracts, make sure all the details are covered. You’ll want to include contingencies in case something goes majorly wrong with the home. You don’t want to be obligated to buy a house with mold problems or something similar.
To learn more about buying a rent to own home in Snellville , reach out to us today! 678-337-1165https://twitter.com/RentToOwnHomAtl The post What To Expect When Buying A Rent To Own Home In Snellville appeared first on Fresh Start Home Sales. via Blog – Fresh Start Home Sales https://www.freshstarthomesales.com/what-to-expect-when-buying-a-rent-to-own-home-in-snellville-ga/
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AboutFresh Start Home Sales was created to help individuals and families rent to own homes in good areas with great schools. We help people who have damaged or bruised credit or are self-employed and cannot qualify for a mortgage to rent to own a beautiful home in a great neighborhood for up to 3-5 years. They will agree to take that time to improve their credit and save for a more substantial down-payment to buy the house they are already living in and enjoying. We also help people who are relocating to our area who want to live in a great home with the possibility of owning that home in the future. These potential home owners like the flexibility of rent to own homes because they are unfamiliar with the areas so don’t want to get tied into a mortgage until they are sure they want to buy the house. It is somewhat of a try it before you buy it arrangement that suites everyone involved. Should any of our tenant-buyers choose not to buy the house they simply have to after 1 year give 60 days’ notice leave the home in good condition and get their security deposit back and are fully relieved from any obligation to buy that home. Contact:
Fresh Start Home Sales Address: 2330 Scenic Highway Snellville, GA 30078 Phone: 678-337-1165 E-mail: [email protected] Website: https://www.freshstarthomesales.com/ Find Us Online: 500px Bitly Box Diigo Dropbox Evernote Postach.io Instapaper Newsblur Nimbus OneDrive OneNote Quip Todoist Toodledo Trello Tumblr Weebly WordPress Facebook Page MySpace Blogger Google Drive Youtube Google+ Page Recommended Links: About.me Alternion BrandYourself FollowUs Gravatar BeHance Linkkle Ello.co Carrd.co Scoop.it Zumvu iLink Archives
March 2023
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