In our latest post, we will help you learn how to find rent to own homes in Fort Myers! Find out how easy it can be to become a homeowner no matter what your financial situation currently looks like!
Using a rent to own agreement to buy a house is becoming increasingly popular for homebuyers in Fort Myers. Finding the properties or understanding how it works can feel a bit overwhelming if you aren’t sure exactly what you are doing. Below, we will offer some tips to find the best rent to own properties in Fort Myers!
Work With A Pro
At Core Real Estate Solutions, we cater to both buyers and sellers interested in the rent-to-own process. We possess a thorough understanding of the legal aspects involved and can guide you through the entire process, from inception to completion. With our expertise and support, we strive to make your journey towards homeownership as smooth and seamless as possible.
Search The Classifieds
Many homeowners will opt to place ads themselves both in print and online. Keep your eye on the many different sites out there people use to post items for sale. Sometimes a rent to own property can be found in the strangest of places!
Present Your Case
Maybe you have found the perfect property on the MLS, but you just aren’t in a place to buy. One option would be to wait until the listing has expired, then propose a rent to own scenario to the owner. You’ll want to have your facts and figures in place, showing them how they will be able to benefit by receiving their original asking price.
Your Current Property
Have you been a long-term tenant in the same house? While your landlord likely appreciates receiving your rent payment each month, they might be even more interested in cashing in on their property by selling it at their asking price. If you believe your landlord would be open to the idea, consider reaching out to them! Be prepared with the numbers to demonstrate how the situation could benefit them financially.
Reluctant Landlords
You can look for reluctant landlords by finding listings that have expired, with the properties being rented out instead. These landlords had likely wanted to sell as opposed to dealing with tenants and continued maintenance.
Unkempt Homes
You know when you are driving down the street and you see a house with overgrown landscaping, visible damage, or signs it is vacant? Typically, those owners aren’t as involved with owning the home and frankly may not care if they do or not. They may see your offer as an excellent way to sell a property that hadn’t cared about in the first place. Most ownership information is public record. Once you know who the owners are, approach them politely and professionally with a well thought out letter and proposal.
Less Competition
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 less competitive housing market. These sellers are looking for buyers and if you are able to present the right situation for them, you’ll likely be able to find a seller you can work with.
At Core Real Estate Solutions, we will make the process simple for you! We can help you get a better understanding of the rent to own process so you will know exactly what to expect.