Curb Appeal Basics

When I decided that I was going to put my house on the market, I knew that I would have to do some renovating first. The house was a good, solid structure, but I hadn’t kept up the outside of it as well as my husband did before he passed away. I knew that I would need curb appeal if I wanted the place to sell quickly. I had my yard landscaped, my home exterior repainted, and my driveway replaced before putting the home on the market. It cost me a bit of money, but it was worth it – the house sold quickly and I was able to move into my brand new condo – much less maintenance work for me. I started this blog about curb appeal, to help others learn how to move their homes quickly too.

How To Seek A Lease-To-Own Real Agreement As A Renter

Real Estate Blog

You've just moved to a new area, or you want to buy a home, but don't have the credit to buy property yet. There are many reasons why one might want to have a lease-to-own transaction. With this agreement, the person renting the home may have the option to buy the home at the end of the lease, or within a certain timeframe. A rent-to-own real estate agreement can have numerous personal and financial benefits for renters, as well as homeowners. 

The reasons for renters to enter a lease-to-own agreement include may include:

  • A prospective buyer is specifically interested in a property due to its location or features, but they are saving up for a mortgage
  • Lease-to-own home options may be helpful for young professionals with great job security, those who just finished graduate school, or those who just moved to a new area and don't want to commit to buying a home right away
  • A prospective buyer with a less than perfect credit history can have part of their rent payments can go towards a down payment on the home
  • A renter can live in a home while working towards owning the property
  • Someone wants to explore a neighborhood, or live in a home that is bigger than an apartment, before committing to buying a home

The reasons for entering a lease-to-own agreement for homeowners may include:

  • A homeowner can rent their property until they have a buyer that can afford to buy the house at a price that is agreeable to them and the buyer
  • The homeowner can move into another property, such as a larger property that better fits their family's needs
  • The homeowner might appreciate avoiding having to sell the property in a less-than-desirable real estate market
  • The homeowner can choose the tenant and collect rent on the property

The details of a lease-to-own agreement are important, and it would be wise to gain advice from real estate professionals or a lawyer about what an agreement should look like. A tenant may be responsible for repairs on the home, for example. There may be a guaranteed, negotiated sale price, or there may be parts of the agreement that include what might happen if the real estate market drastically changes over time. 

If you are ready to enter a lease to own agreement, there are many ways to find a property that meets your criteria. By searching online, you an find companies that focus specifically on lease-to-own homes. You may also browse online real estate and rental property listings. In addition, property management companies sometimes list rent-own-properties on their sites.

Once you find a property you like, consider talking to the property owner or manager about your specific situation and intentions. Real estate advisors may provide information on how rent-to-own leases work, and what the real estate market looks like in your area. In addition, consider carefully if a lease-to-own option makes sense for you. If you find a property and a lease-to-own agreement that meets your needs, you might enjoy the satisfaction of knowing you are living in a home you will eventually own.

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15 January 2015