Rent to own

Share
Why Rent, When you can Rent to Own or Owner Finance?
Rent to Own also called Lease Option Homes are a terrific alternative for people who would like to buy a home in today’s real estate market now, but may need some time to build their credit, or raise a down payment.Clear Vision Realty & Associates specializes in homes that you can buy on a Lease Option / Rent to Own, or even Owner Financing in the state of Florida.

So what does buying a house on rent to own / lease purchase entail? The process is simple anduses two documents: A standard rental agreement, and an Option.

  • The rental agreement outlines the terms of rental including monthly payment and length.
  • The “option” agreement gives you the right to purchase the home within a certain period of time, at a certain price.

Today a bank typically requires 10-20% down payment, but when buying a Rent to own home; typically only 3-5% is required as an option fee for the right to purchase the property. The great part is that all of that money gets applied to the purchase price when you buy.

In addition, Clear Vision Realty & Associates may give monthly rent credits, or offer a matching program. The great part about all of this is you live in the home while building equity and have time to fix credit issues!

Most people think they can’t own their own home. Maybe you can relate to the following situations:

  • You want to “Try out” a neighborhood in Florida
  • Need to move fast, without waiting for a bank
  • You are Self Employed
  • Bad or no credit
  • Recent Bankruptcy or Foreclosure

Whatever your situation is, Clear Vision Realty & Associates can help.
Share