Rent to own, rent to own homes or lease to own – it doesn't matter how you say it, the same principle applies in all instances. House hunters today want the best of both worlds, feeling out homes in specific neighborhoods without committing 100 percent to buying them. The benefits of a "rent to own" home are enormous.
Think about it, what if you were able to pick an area that you would like to live in but may not be able to afford right now or just no ready to make that big purchase. With the Rent to Own process, you can get into that house without the 30 year commitment.
You can even have a portion of the rent credited to the sales price or closing costs, that’s instance equity at closing for you.
Just remember, you will need to get the seller to agree on not only the rent to own agreement, but the terms of the agreement. i. e., length of the agreement, usually, one to two years; the percentage of the rent which gets applied to the sales price or closing costs, etc. If you get lucky, the seller may also be interested in doing Seller Financing with you. Just be sure to have a lawyer review any agreement before you sign it. A little legal cost upfront could save you thousands of dollars down the road.
At HousingList we believe home-ownership should be accessible to everyone. We work to spread awareness around alternative, non-traditional routes to home-ownership such as rent-to-own and HUD properties. These alternative paths to owning a home can help people who don't have enough funds saved for today's rising down-payments, people who need to improve their credit scores, or any number of factors that prevent today's buyers from the dream of homeownership.
HousingList provides buyers with a full database of rent-to-own, HUD Homes, and Foreclosure real estate in their area. Visit our library to learn more about what a rent-to-own home is, how to rent-to-own, and other common questions buyers have asked over the years. We work hard to keep this area updated with all the information you will need throughout the entire rent-to-own process. You can also get up-to-date news, tips and more on our blog.
To browse listings, simply click on your location (if listed above) or enter your city and state in the search box. Our listings include:
Rent-To-Own (also known as lease-to-own)
HUD Homes
For Sale by Owner (also known as FSBO)
Foreclosures, Pre-Foreclosures, REO foreclosures, HUD Foreclosures & VA foreclosures
Home Auctions
Short Sales
And more
Here at HousingList, we offer many types of property listings – but Lease-to-own is where we got our start and will remain one of our strengths. As of April 2020 we have over 2 million listings in our database which include lease-to-own homes, and this number is continuously updated.
With lease-to-own, you can rent while living in, and paying off your home. It's an alternative option to homeownership for people who have lower than average credit scores, or who may not have enough saved for a down payment. Read our library to learn more about how credit impacts your chances of buying a home, and how to improve your credit score.
To find a lease-to-own home near you:
Search for your location in the search form above.
Browse homes in your area to find one that meets your needs
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Contact the owner and work out an agreement directly.