Why Consider Rent To Own In Philadelphia or South Jersey?
Why consider rent to own? Unfortunately, we are in a real estate market that is not very kind to sellers. Realtors are listing properties, but they are not selling. Homeowners are trying to sell their homes FSBO (for sale by owner), but their home still isn’t selling and all of their efforts have proven fruitless. Sellers feel as though there are no options! Wrong, there are options. Who says you have to sell your property the traditional way? Realtors are very scripted and limited as to providing you with a guaranteed solution to help you sell your house…
A seasoned, experienced investor like me on the other hand can help you sell your house, and avoid the pitfalls of listing with a realtor or trying to sell on your own. Rent To Own, if done correctly, can not only help you sell your house, but could also help you sell for asking price or very close to it. Why consider rent to own? Keep reading.
Most sellers we work with fall into one of these three categories:
1). “John is current in his mortgage payments on his home. First, John tries to sell his home through his local Realtor. He is informed however that the current market value of his home is much less than what he owes on his mortgage. He has an upside down mortgage or an underwater home. He wants to move but can’t. He’s able to pay the mortgage but doesn’t want to. John wants a new home right away with better financing, lower mortgage payments and wants a new home that is not upside down (owes more than what it’s worth), cost less to buy, etc.
His credit is still good and he can qualify for another mortgage. He contacts us, and after discussing his situation he decides to have us sell his home Rent To Own. I provide the paperwork to John and after he reads, signs etc. The deal is done! It’s that simple. John moves out and we place a qualified Rent To Own tenant in the property.
John sets out to find a new home. John finds one. John then writes a purchase offer on the new home and submits a loan application. The lender approves John’s new mortgage and funds the loan. John moves into his new home. John never makes another payment on his old home. We help the tenant qualify for a mortgage to pay off Johns mortgage in 3-5 years, sometimes sooner.”
2). “Ronald lost his job. He doesn’t want to pay his mortgage out of the little savings that he has, besides when that is depleted what will he do then? Ronald wants to avoid foreclosure on his credit because he may purchase a home later when his financial situation improves. He’s already in danger of defaulting on the mortgage and wants to avoid foreclosure and since he cannot obtain a new mortgage loan after a foreclosure for a very long time he wishes to avoid that and maintain what ever good credit rating he has left. Oh, but wait, he owes more than what his home is worth. He is unable to sell but can’t stay in the home and make the mortgage payments because he has no income.
He sets out to find a solution to his problem. He contacts us and after a brief consultation and Q & A session he decides to have us sell his home to a Rent To Own tenant. He can now concentrate on straightening out his financial situation and perhaps purchase another home later. Ronald moves out and we place a Rent To Own tenant in the property, and help them qualify for a mortgage in 3-5 years, sometimes sooner.
Ronald never makes another payment on his old home.”
3). “Matt is one month behind on his mortgage payment already and is willing to walk away from his mortgage debt and home. His credit is shot and he does not care for whatever reason. He is willing to foreclose or perhaps he has no choice in the matter. However he is referred to us, and we make arrangements to put a Rent To Own tenant in his property. Matt figures he was going to foreclose and walk away anyway. He has nothing to lose, only to gain especially if we are going to put a Rent To Own tenant in his property who will eventually qualify for a mortgage at the end of a 3-5 year lease term. Matt will benefit in the end.
Matt never makes another payment on his old home. We put a Rent To Own tenant in his property… He moved on.”
Now this is important…
What did John, Ronald, and Matt all have in common? They all found a solution to their real estate problem! But, there is something else they all have in common. What is it? None of them became landlords… That’s because we take care of everything from paperwork, maintenance, and repairs. That’s right, You lease your property to us, I place a Rent To Own tenant in the property who pays your mortgage until they qualify for a mortgage to buy the property (usually, 3-5 years), you do nothing, literally. In the event the tenant does not pay us, we still make your mortgage payment and deal with the tenants non-payment. That’s how it works! Why consider rent to own? Because it can work for you.
Advantages of Working With Me
Why consider rent to own? When you enter into a Rent To Own agreement with us, you lease your property to us, and we in turn find a qualified Rent To Own tenant who pays your mortgage until we help them qualify for a mortgage to pay off your debt. We handle everything. You’ll get no calls in the middle of the night, you are not responsible for any repairs or maintenance, and you don’t have to worry about any non payment issues. Your mortgage is paid every month, and all repairs and maintenance is taken care of regardless of how our relationship evolves with the tenant.
Why Consider Rent To Own In Philadelphia-South Jersey
To express interest in my Rent To Own Program, just fill out the short form below, and we will contact you to discuss next steps: