Why rent when you can own in San Antonio Texas? That’s a good question! If you’re looking for San Antonio houses for rent you may want to consider some other options as a potential homeowner in San Antonio and surrounding areas.
Most locals who are looking for rent to own houses in San Antonio are more than likely just looking at renting as their only option because of things like…
– Bad credit (and are unable to get a traditional bank loan to buy a home)
– A lack of funds required for a large downpayment on the San Antonio home you want to live in
– … or you’re just used to always renting and didn’t even know there were any other options.
Why Rent When You Can Own in San Antonio?
How Many San Antonio Area Renters Are Turning To Home Ownership By “Renting To Own”?
If you haven’t heard of “renting to own” a home (some also call it a “lease option”), then you’re not alone.
But the “rent to own” concept isn’t entirely new.
In fact, renting to own has become really common for a lot of things, including furniture, electronics, cars, and more.
And the rent to own concept for houses has been around for a long time, too.
So What Is A “Rent To Own” Home?
You can check out additional information here on our website to learn more about renting to own a San Antonio home… but basically a rent to own home is…
… Simply a home where the owner of the house allows you to rent the house, with an option at the end of the rental term to purchase the house at a price you and the owner agreed upon beforehand.
You’re not obligated to purchase the home… but the seller is obligated to sell you the home at that pre-determined price if you choose to exercise your option at the end of the rental term.
So How Does A Rent To Own Program Help You Buy A Home?
There are a few major benefits to San Antonio rent to own home programs like ours that can help many San Antonio area residents become homeowners.
Usually, there’s some reason that causes people to choose renting over buying.
If your credit is what’s preventing you from being able to get a bank loan to buy a home, a rent to own program can give you the time and assistance to improve your credit while you’re renting… so hopefully by the end of the rental term you’ll be able to qualify for a bank loan and buy the home!
Or for many people, the issue is the downpayment. If you just don’t have the money you’d need to put a down payment on the house you want to buy… many times you can find rent to own programs with houses available in the same neighborhoods you want to live in… with much much lower move in fees… and even sometimes provide guidance in helping you build up the down payment you need while in the rental period of the rent to own agreement.
In the end, if you’re looking for San Antonio houses for rent… before going and renting another house, you may want to explore our San Antonio Rent to Own Program to see if it’s right for you.
Renting to own isn’t for everyone… but if it’s the best fit for you then this could be your chance to get out of the “rental rat race” and into a home of your own that you’ll actually own some day.
For more information on our local Rent To Own Home (lease option) program submit the form on the top right of this page, or give us a call anytime at (210) 807-6567.