For many people, rent-to-own is the best way to own a home… particularly when you’re faced with bad or no credit, or lack of a down payment. We can help!
There are a lot of benefits of a rent to own agreement on your next Chicago home!
In the Chicago
area, lots of smart people are using rent to own agreements as a way to get the home of their dreams without having to qualify for a bank loan right away.
In the past few years, banks have been very tight on their lending criteria. Most people who use a rent to own agreement want a few years to get ready to qualify.
Here are a few more reasons to use a rent-to-own agreement:
Try before you buy! You get to live in your rented home before you actually purchase it, allowing you to make sure it’s actually your dream home. If you don’t like the house, you don’t have to complete the purchase.
Own without great credit or a big down payment. You can start feeling like a homeowner right away while saving up and improving your credit.
Privacy. You’re not listed as the purchaser on any public records until the closing takes place, giving you years of privacy.
Profit from home appreciation right away. Often, homes in Chicago are worth more on the day of the purchase than the price that you’re paying! This can be huge money.
Move in fast. Since you don’t have to wait for a mortgage, you can often move in right away – and get started living a new life in the home of your dreams!
So don't wait!
*DISCLAIMER: Real Brokers is a licensed Real Estate Brokerage with a principal office in Chicago, IL and abides by all applicable Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only, is compiled from sources deemed reliable, but is subject to errors, omissions, and changes without notice. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of Real Estate Brokerage.
LEGAL DISCLAIMER: Rent To Own refers to properties for sale with lease-option financing. This site does not charge for rental listings and is not a Pre Paid listing Service.
Terms of credit during rental period dependent on agreement with homeowner. Terms of credit may affect ability to qualify for home loan at end of lease period.
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