HOW CAN YOU FIND RENT TO OWN HOMES WITHOUT HAVING TO PAY A FEE

(0) | asked by: LAVERNE MCCANICK | share | 27 months ago | Report
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Janna  McEntire
answer by Janna McEntire   |  
Talk to a realtor. If you have a good realtor, they may be able to turn a rental or for sale property into a rent to own situation for you. For some of us, rent to own is the only option. In my case, we have three dogs. Most rentals only allow two. Rent to own allowed us to have our dogs and find a home for our family. We tried USDA and FHA and other low down payment options. But because we got caught up in the bubble and were forced into bankruptcy due to shady lender practices, we had to wait. And when we thought our waiting period was over, we found out we were mistaken. We discharged a home in our bankruptcy and now have a ghost foreclosure dated 5 years after our bankruptcy, again, because of shady lender practices. Because the bank did not do their job in the months after our bankruptcy, we will have to wait ANOTHER two years minimum for financing a purchase through a bank. Rent to own is a great option - IF you can find a house you love and IF your realtor can work a good deal with the seller. Some of these homes that have been on the market for months are a good place to start.
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1 month ago  |   Report   |   share
answer by John Wiley   |   Visit My Website   |   Contact Me
Rent to own offers must be carefully examined to make sure they provide the best for your situation. I would suggest you find a Real Estate agent that you feel comfortable with and is knowledgeable about the local market and the different ways of becoming a home owner. You might find that there are mortgage products that you would qualify for that could put you in a home that is better for you. If you need further suggestions you can contact me and I can provide you with contact information in your area. Best wishes.
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2 months ago  |   Report   |   share
answer by Cindy Smith   |   Visit My Website   |   Contact Me
There are not many rent to own homes. It is hard to find them because they don't work for the sellers and the buyers. You will not have the choice in homes because of the financing. Usually the seller will require a large downpayment. It is best to rent and then when you are ready to purchase, purchase a home based on the home that you need and not the financing.
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2 months ago  |   Report   |   share
vickyp ellis
answer by vickyp ellis   |  
im trying to move and trying to find a place in rock hill sc area with the fee and application and I need it asap
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2 months ago  |   Report   |   share
Bonnr Papp
answer by Bonnr Papp   |  
How do I find rent to own homes
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2 months ago  |   Report   |   share
Jose Espinoza
answer by Jose Espinoza   |  
I see this as being a very a good deal.
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4 months ago  |   Report   |   share
answer by Jenn Smith   |   Visit My Website   |   Contact Me
Laverne, There are several options, one is your local paper, another is online listings locally like CraigsList, and another is a local Realtor! Yes without a finders fee! Often a local Realtor can negotiate a deal for you with a home owner for a lease purchase and it will cost you no more money than doing it yourself. The Realtor can negotiate a fee that comes from the purchase price and is paid out either in several distributions from the seller (i.e. a small amount to them from your downpayment, then either monthly or quarterly payments, or the balance at the time you procure financing to fulfill the purchase). Good luck! Jenn Smith
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7 months ago  |   Report   |   share
teresa murrieta
answer by teresa murrieta   |  
how to find rent to own homes without having to pay fee
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7 months ago  |   Report   |   share
Amer Khan
answer by Amer Khan   |  
Laverne .. Sorry, I thought Trudi had asked the question. It seems that this forum is just full of realtors and there aren't any real home buying folks here. They don't understand that the fee is not for the actual rent to own but for the website (mostly scams) that are trying to sell you the information. I'm someone like yourself and have the same problem. While I have not found the appropriate place I would want, I have been able to look in realtor dot com for rental properties and selecting the lease-to-own option in the search. Also, Trulia Rental site is pretty good and some of the rentals tell you that the property is also for sale. In those cases, I would contact the realtor and just ask them. In some cases, the realtor checks with the owner and the owner is willing to do this. I would suggest to look over the property well before agreeing to this contract. Another bit of advice, please spend a few hundred bucks and have a good real estate attorney look over the contract - I'd hate to see you or anyone else left holding the bag due to some silly clause you violated. If you need to discuss my experience, please feel free to contact me at amerhyat @ gmail . Com
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11 months ago  |   Report   |   share
Amer Khan
answer by Amer Khan   |  
Trudi - It seems that this forum is just full of realtors and there aren't any real home buying folks here. They don't understand that the fee is not for the actual rent to own but for the website (mostly scams) that are trying to sell you the information. I'm someone like yourself and have the same problem. While I have not found the appropriate place I would want, I have been able to look in realtor dot com for rental properties and selecting the lease-to-own option in the search. Also, Trulia Rental site is pretty good and some of the rentals tell you that the property is also for sale. In those cases, I would contact the realtor and just ask them. In some cases, the realtor checks with the owner and the owner is willing to do this. I would suggest to look over the property well before agreeing to this contract. Another bit of advice, please spend a few hundred bucks and have a good real estate attorney look over the contract - I'd hate to see you or anyone else left holding the bag due to some silly clause you violated. If you need to discuss my experience, please feel free to contact me.
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11 months ago  |   Report   |   share
Trudi schell
answer by Trudi schell   |  
i want to look at homes that are rent to own but they always want a fee to look is there a way around this
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11 months ago  |   Report   |   share
answer by Lisa Thompson   |   Visit My Website   |   Contact Me
We are all in agreement that the rent to own strategy for buying a home is not a good one. Build your credit and save some money. Then, you will be able to pick from any home on the market in your price range. Good luck!
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24 months ago  |   Report   |   share
answer by Don Mituzas   |   Visit My Website   |   Contact Me
There should be no fee in a rent to own home. Please keep in mind, rent to own rarely works. Most people looking for a rent to own either have poor credit, not enough income or no money. I would check with a local mortgage broker to see if a USDA mortgage is available in the area you are looking. These can work for people with limited incomes and offer 100% financing. Yes, contrary to popular belief, 100% financing is still available. What made for all the mortgage problems was people buying over priced homes that they couldn't afford to begin with. Find a good mortgage broker who will work with you and look to buy now. Find a home that is realistically within your budget. If you have a credit problem, fix it. Mortgage rates are at historic lows. It couldn't be a better time to buy.
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24 months ago  |   Report   |   share
answer by David Benton   |   Visit My Website   |   Contact Me
It is like finding a needle in a haystack. If you have good credit there are special buyer programs that allow you to buy that require about the same amount of funds to rent. If you have credit issues you may want to find an experienced realtor or lender with resources to help clean up your credit. If you do decide to rent to own I suggest you have an attorney review all the docs before committing. I've seen many that went well and worked out but I've also seen many people get burned.
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24 months ago  |   Report   |   share
scott ashley
answer by scott ashley   |  
Renting to own homes is not a good strategy to use in many cases, you should definitely consider that move heavily. However, if you have to find the actual fee, you can take help of real estate firms. For more details about rental laws (in the UK), you can read articles on Plazaestates, which should help put you in the right direction as far as buying or renting a home.
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24 months ago  |   Report   |   share
scott ashley
answer by scott ashley   |  
Renting to own homes is not a good strategy to use in many cases, you should definitely consider that move heavily. However, if you have to find the actual fee, you can take help of real estate firms. For more details about rental laws (in the UK), you can read articles on Plazaestates.co.uk, which should help put you in the right direction as far as buying or renting a home.
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24 months ago  |   Report   |   share
answer by Cindy Smith   |   Visit My Website   |   Contact Me
I dont understand what the credit card fee is for. Call a local realtor and ask them to help you. Understand that renting to own is not a good strategy to have. You will be limited to properties that are looking to sell this way, not very many of them are available. It is better to rent and then purchase.
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25 months ago  |   Report   |   share
rosie rogan
answer by rosie rogan   |  
i want a rent to own house, but thy are asking for a credit card fee, and i don't have a credit card. i want to see the houses
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25 months ago  |   Report   |   share
answer by Cindy Smith   |   Visit My Website   |   Contact Me
Speak to a local realtor. They can do a search for you of properties that are available as rent to own. There are not as many out there as homes that are for sale, therefore, it is better for you to rent and then to pick a home to buy based on your desire and need and not on financing.
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27 months ago  |   Report   |   share
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