Houses For Rent By Owner In Orlando– 4 Reasons Why Rent-to-Own Is Better | Written by Eugene Hoffman

Houses For Rent By Owner In Orlando– 4 Reasons Why Rent-to-Own Is Better

If you’re looking for houses for rent by owner in Orlando, have you considered rent to own?

Rent-to-own gives you the best of both worlds… and you don’t need perfect credit to do it!

Given the choice between renting and rent-to-own, we believe that rent-to-own is often a better choice. In this article, we’ll look at the 4 reasons why rent-to-own is a great way to buy a house… even if your credit isn’t stunning. If you’re looking at houses for rent by owner in Orlando then you may want to expand your search to consider rent-to-own opportunity…

Owning a home is part of the American Dream… but it’s also very costly. Many people are forced to rent, putting money into their landlord’s pocket while struggling to get ahead. Wouldn’t it be nice if you could “rent your way to home ownership?” You can. It’s called “rent to own” and it’s reputation is growing.

It works like this: rents from a property manager, just like normal. But their agreement is often a multi-year agreement in which they agree to purchase the house as soon as the family can improve their credit score and save money. Keep reading to observe 5 reasons why this is SO powerful…

If you want to know more about rent-to-own, or about houses for rent by owner in Orlando, simply  call us at (407) 781-7312 and we’ll make sure you have all the info you need.

5 Tips About Rent To Own Houses For Rent By Owner In Orlando

We work with buyers, sellers, and landlords in all types of residential, vacant land, and smaller commercial transactions. We also work with investors who are looking for foreclosures, short sales, fixer-uppers, rentals, seller financing, lease purchases, and other creative real estate deals. Also read about our flat fee MLS broker Central Florida Orlando real estate listing services. We offer full-service, menu-based services, and a la carte services.

Rent To Own Tip #1
It’s pretty easy to qualify if your credit score is above 620. If you score is lower you will need more cash. Everything is negotiable, even with bad credit. A landlord will feel much safer with a tenant who pays several months of rent in advance when they are moving in. It is suggested that both parties use a Law Office. Offer to pay your rent in advance and have the funds placed in an escrow account with a Law Office. Sometimes a Landlord will offer to place part of your rent payment towards a downpayment for buying the house in the future. If this is the case make both payments, but send the downpayment to the Law Office separately. Escrow accounts are monitored by the State of Florida so your money will be safe.

Unlike buying a house (which requires a high credit score and down payment), a rent to own property starts off as a rental. There might be other qualifications required but, in general, it’s a much easier way to qualify to buy a house.

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