In our latest article, we’ll help you understand how to find rent to own homes in San Antonio! Find out how easy it is to become a homeowner regardless of what your financial situation currently looks like!
Using a rent to own agreement to get a home is growing ever more popular for homebuyers in San Antonio. Locating the properties or understanding how it works can feel a little overwhelming if you aren’t sure just what it is you are doing. Below, we will provide some tips to discover the best rent to own homes in San Antonio!
Work With A Pro
Lone Star Real Estate Solutions, LLC will help you discover the best rent to own homes in the San Antonio area. Our specialty is helping good people to buy homes. We know that one mistake or blemish on your credit can cost you for many years to come. People are a lot more than what their credit report states! At Lone Star Real Estate Solutions, LLC we work with buyers and sellers who want to know more about the rent to own process. We understand the legalities and can assist with the whole process from start to finish.
Search The Classifieds
Many homeowners will opt to place advertisements themselves in both print and online. Keep your eye on the many different sites out there that people utilize to post items for sale. Sometimes a rent to own property may be found in the strangest of places!
Present Your Case
Perhaps you have found the perfect property on the MLS, but you aren’t in a place to buy just yet. One option is to wait until the listing has expired, then suggest a rent to own situation to the owner. You’ll want to have your facts and figures ready, showing them how they will be able to benefit by receiving their original asking price.
Your Current Property
Have you been renting the exact same house for a long time? While your landlord probably enjoys getting your rent check each month, they may enjoy it even more if they can cash in their own property, ultimately getting their asking price. If you believe your landlord would be receptive to the idea, then reach out to them! Have the numbers available to show them exactly what the scenario would look like from their point of view.
You can search for reluctant landlords by finding listings which have expired, with the properties being rented out instead. These landlords had probably wanted to sell rather than having to deal with tenants and continued maintenance.
You know when you’re driving down the road and you find a home with overgrown yards, visible damage, or other signs that it’s vacant? Typically, those owners aren’t as concerned with owning the house and honestly might not care if they do or not. They may see your offer as an excellent way to sell a property that they didn’t care about in the first place. Most ownership information is available through public record. Once you understand who the owners are, then approach them politely and professionally using a well thought out proposal and letter.
You are likely to find rent to own homes or homeowners willing to use a rent to own contract in areas with a slow or not as competitive housing industry. These sellers are searching for buyers and if you are in a position to present the right situation for them, you’ll probably be able to locate a seller you can work with.
At Lone Star Real Estate Solutions, LLC, we will make the process easy for you! We can help you to get a better understanding of the rent to own process so you’ll know exactly what you can expect.