This Rent-To-Own process involves three parties – a tenant (Buyer), a licensed realtor/mortgage broker, & a landlord (Investor/Private seller). A tenant enters into a standard lease or rental agreement with the landlord, with the added option of allowing the tenant to purchase the rental property in the future. In this agreement, the tenant’s Monthly Option Fees also act as payments towards the principle of the house. Depending on factors such as the price of the house, or qualifications, the Initial Option Fee is also outlined in the agreement and can range from thousands to over ten thousand dollars.
At the end of the term, the mortgage broker will assist in closing the deal between the two parties and transfer ownership.
Step 1: Eligibility
Consult with us directly. We will assist and assess based on your current financial situation to determine your eligibility.
Step 2: Selection
We will find you suitable property from our inventory list or purchase a property with your desire.
Step 3: Contract
Signing the Agreement and associated documentation means that you are now on your pathway to homeownership!