A Best Guide to Rent to Own Home Success!

If you are a real estate agent looking to make more money now and in the future, you will need to read this news story. They are going to discuss how you can help your clients improve their chances of success when renting to own a home. When you are done reading this news story, you ought to be able to offer guidance to your clients which results in them owning a home and you earning a commission!

Another strategy to improve your client's chances of success is to make sure that the term of the lease period is long . Plenty of Realtors who don't understand credit repair think that a 12 month term is sufficient time. For most people, it is not! This is true now that lending guidelines are tighter. You need to negotiate a term of at least 24 months. If you know your client has had a recent foreclosure, you will need to negotiate a term of at least 36 months.

As a Realtor, you know that your job is to protect your clients. Do you know that there is a increasing trend of people that are in or in foreclosure offering their homes up for a rent to own? The idea is that they collect an up front option fee and then are no where to be found when the new tenant finds out that the home is being foreclosed on. Don't let this happen to your client! Need verification that the mortgage is current before they move in! Additionally, it is a nice idea to structure the contract to need verification that the mortgage is current on an ongoing basis.

By now you ought to see the pitfalls that plenty of people run in to when they enter in to a rent to own home transaction. By guiding your clients to keep away from these, you can ensure success - theirs and yours!


The biggest reason most rent to own home transactions don't finish up in a real estate closing is because people fail to take the steps necessary to repair their credit. Don't loose a commission basically because your client doesn't know what to do! Find a reputable credit repair company and a company that trains people to repair their own credit and give your clients some options! Most of the time, a push in the right direction is all they need. While you do not need to be involved in the credit repair method itself, pointing them in the direction they need to go in to get the method started is a nice idea.