It is important to have a brief understanding of the a rent to own procedure before discussing prospective interest with owners. After having a little bit of knowledge, the next step would be finding out the state in which your credit is in. For your convenience, there are many companies that offer complimentary credit checks online.
Once you have established your credit score, you are prepared to start shopping around for your dream home.
Contacting Home Owners
Once you have a list of contenders, you will want to contact the owner of the home and take note of all the fine details. From there, you, the buyer, and the owner will be able to work together to discuss requirements and how to move forward in the rent to own procedure.
Once you are completely sold and have found the perfect house to fit your needs, you are then ready to make your offer. Together, you and the owner will review your offer and you will then be able to have a concept of the cost range you'll be able to manage. This cost would also include rental repayments, the expense of the buy option and time-span of the lease.
Lease Alternative Purchase Contract
