Find Rent to Own Homes Near You

The rent to own market has become much more sophisticated in recent years. Specialists have entered the rent to own market with new tools for potential renter/buyers. Prior to these innovations a person hoping to enter into a rent to own agreement would need to find a seller willing to cooperate with this kind of transaction. Often sellers who would agree to a lease option, or lease purchase agreement, were dealing with issues that prevented them from selling their property immediately. The issue might include something as simple as needing to begin collecting rent payments because they had committed to the purchase of a new home, or something more serious like a soft market where homes are simply not selling.

Real estate experts who deal in rent to own properties suggest that a person wishing to enter into this kind of agreement find an investor to purchase the property for them. Today there are companies set up specifically for the purpose of facilitating rent to own agreements. Some of those organizations include Home Equity Partner, Divvy Homes, HomeLight, Verbhouse, and Trio. Each company has its own criteria to be considered which may include the locations in which they operate, or designated vendors such as realtors, homebuilders, and lenders they work with. All such organizations will prequalify purchasers based on employment, income, credit, and possibly a background check. Persons interested in using sources such as these should check each organization’s website for detailed information about the ways in which they can help facilitate the rent to own program.

Rent to own is a sophisticated sort of real estate transaction and the written agreement can be complicated requiring a high degree of expertise. For this reason, it is recommended that you employ the services of real estate professionals such as a knowledgeable realtor, a professional home inspector, and a real estate attorney to advise you during this process.

Knowing where to find potential rent to own properties is important. And since the pre-foreclosure market is considered the best single place to look for rent to own properties, foreclosure.com is an important tool in this search. This website features thousands of pre-foreclosure properties, in all 50 states, to help with your search for a rent-to-own property. The database of pre-foreclosure property opportunities is the largest in the nation and is updated daily to ensure the information is fresh and accurate. This makes it an invaluable resource for finding the most current listings available.