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Rent-To-Own is the new path to homeownership for the following great reasons:
Fortunately for homeowners, property values are climbing even higher. Homeowners are proudly building equity, paying down loan balances and enjoying the generous tax benefits that come with owning real estate. So where does that leave the renter? Unfortunately for those who rent, the down payment required is getting bigger because house prices are getting higher. Even if you can set aside $300 every month for the next year towards your down payment, your savings account won’t be able to grow as much as the appreciation on the house you like. Think about it, a home valued today at $150,000 that goes up in value 5% in the coming year will appreciate by $7,500 – more than double that of someone saving $300 monthly for an entire year. Rather than ask when is a good time to buy a home, a better question to ask is if there is ever a bad time to buy a home. Compared to renting, the right time to buy is anytime. For most Americans, their home is the largest investment they will ever make. So how can a renter make that transition to buying their first house or having a previous homeowner-turned-renter get back into their next house? FlexBuy Homes uses the Rent-To-Own program for this reason. Real Estate, unlike most other investments, is essential for everyday living. This makes owning your own home one the safest and best investment you can make in your life. Rents are going up every year, making it harder and harder for families to save. Meanwhile, property values continue going up, making it harder for families to buy their first home without having a disciplined savings plan. The Rent-To-Own program gives everyone a chance to live the American Dream of home ownership because homes typically go up in value twice as fast as most Americans can save. This is a one of a kind program that gets you into a home now that you can claim as your own in the near future. The best part of the program is that your purchase price is fixed in today’s dollars. That’s right! We determine the fair value today, and we work with you on buying the home when you tell us you are ready. Yet the purchase price stays the same because you have made an offer on the home at the time you move in. The only difference between this and a normal purchase is that you have created a delayed closing, typically 12 or 24 months from the day you move into your home. Between the day you move in and the day you officially buy the home under your terms, you rent the house and we apply a minimum $100 of each and every rent payment you make on time towards your down payment. Here’s how it works:
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