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

Asked by: of Hollywood, SC on 2012-08-22T22:06:08Z

Best Answer:

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.

2012-11-21T11:35:36Z

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.

2012-08-22T23:37:52Z

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

2012-10-24T01:51:48Z

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.

2012-10-24T17:23:51Z

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.

2012-11-16T06:25:52Z

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.

2012-11-16T06:27:38Z

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.

2012-11-20T15:26:05Z

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

2012-11-27T17:08:47Z

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

2013-12-19T17:47:52Z

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.

2013-12-22T23:05:14Z

how to find rent to own homes without having to pay fee

2014-04-21T04:30:19Z

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.

2013-12-22T23:07:30Z

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

2014-04-21T15:03:29Z

I see this as being a very a good deal.

2014-07-20T05:59:12Z

How do I find rent to own homes

2014-09-09T12:54:55Z

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

2014-09-09T23:49:10Z

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.

2014-09-10T21:22:22Z

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.

2014-09-28T18:34:10Z

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.

2014-09-10T00:43:22Z

Trying to find a house to rent in my area.. Fort Washington and every time I go online its always stipulation before you and find what you are looking for.. This is mind boggling and discouragement.. Looking for what you want should be free with out all of the fees.. and/or registration... How can I surf the web without all this

2015-01-30T21:24:02Z

All applications for Renting a home require an application and a fee for anyone over 18 for processing. This is Texas State Law. If you submit an application and pay the fee it is usually refunded if someone else is accepted other than you.

2015-02-03T02:58:18Z

Laverne hire a Realtor he will take care of that for you.

2015-02-03T18:22:08Z

have an eviction a year ago what can i do

2015-02-25T19:14:50Z

I don not know other state I live in Columbia SC. In our multiple listings which is for the realtor there is an option that you can pull all the homes that the seller is willing to do rent with option to buy If you are in Columbia area I can pull it for you

2015-03-05T03:36:47Z

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.

2012-11-21T11:35:36Z

How can I learn about a USDA loan

2015-03-07T20:47:09Z

Well Don Mituzas that was a rather harsh answer. Maybe this potential client is just wanting an option that doesn't necessarily involve getting into a lifetime contract in case of career location or life changes. You sir are what makes home buyers more likely to purchase through a private seller vs allowing a realtor to help them. That assumption was premature as some people simply have poor credit because of silly mistakes they made when young such as credit card debt hospital bills etc. It says absolutely nothing about their character and instead of pushing away people interested in purchasing a home with bad credit do your job and assist them in finding a financial adviser to help them get where they need to be

2015-03-17T10:44:35Z

Wow there truly are a lot of people that are idiots aren't there The question has NOTHING to do with fees at the home itself.... It has nothing to do with finding a realtor. Let me make this really simple. If you will go through these steps you will understand the question : 1. Do a google search for rent to own homes in whatever zip code you live in or city. 2. Go to at least 5 of the websites that show rent to own properties. 3. Note that the website itself is asking people to pay a fee before they can look at any of the listings. That is the fee that is being asked about. Now to answer the actual question I do not see any other option then to pay the fee...hopefully it's just the 1 trial that you end up spending....or you can try the ones that are free if you pull your credit through them but I'd be really skeptical thatyouareaboutto hand over sensitive information to a thief. Lastly actually talking to a realtor may helpyoulandthis rent to own situation if you don't let them sell you into buying something way above your means always remember that you are dealing with a salesman they will try to squeeze as much money from you as possible.

2015-02-02T16:10:31Z

Not sure why people are still answering a question that was asked 2 1/2 years ago but as I had said before people looking for a rent to own usually have poor credit and a smart homeowner would probably not even rent to them to start with. If you have good credit the time to buy is now. Interest rates are at historic lows. There is still 100 financing available in certain situations if you have decent credit. In more than 20 years in real estate I have never seen nor heard of a rent to own being successful.

2015-03-05T15:36:03Z

How Can I Find Rent To Own Home With Out Down Payment Fee

2015-04-02T18:01:02Z