Rent to Own | Blue Fence Real Estate

Renting / Buying

Sometimes getting approved for a home loan through a bank just doesn’t work
out at the same time as you are ready to buy. There is more than just one way
to buy a house, town home, or condominium.

Rent To Own often gets buyers into a home of their own sooner than they might
have otherwise found it possible through the use of owner financing.

9 Reasons the Blue Fence Rent to Own Program Can Work
For You:

1. Rent credits: Rent credit is similar to the principle payment of a mortgage.
Every month you pay rent, the amount of the rent credit will go towards the final
purchase price. In addition, your rental down payment (instead of a security
deposit) will also go towards the final purchase price.

2. Low Down Payment: The option down payment can be as low as $3,000
and can be gifted from a family member or friend.

3. Own your own home: You enjoy the benefits of owning your home BEFORE
you technically even buy it!

4. Improving your property: Because you will own this property soon, any
improvements that you do will increase the value of the property and build up
your equity.

5. Flexibility: You have total flexibility – you have the OPTION to buy the home,
but not the obligation!

6. Try it out: Rent to own gives you an opportunity to “test drive” the home, the
neighborhood, schools, etc. to see if it is truly where you would like to live.

7. Your Credit: You are creating a strong credit reference while you are renting
to own.

8. Locked in the price: We lock in a purchase price when you sign your rent to
own option agreement. This is nearly always below what the market value will
be at that future date, which means you get instant equity in your home when
you buy it!

9. No Cost to you for our Service: There is no cost to you to use a Blue Fence
agent when you are renting/buying. We are compensated by the owner/seller.

Note: We do not make guarantees as to the future market value of a property.
No one can accurately predict the future value of any given property.

Process

We will want to confirm you can afford (now and in the future) the home you
choose. So we will have a mortgage professional review your application.

We do not disqualify based on credit, although, we will need to know your credit
situation in order to help you get the lease terms that work best for you.

We also verify your income, employment and past rental and/or mortgage
history.

You need to be willing:

To make on time monthly payments
Take care of the home according to the contract
Fix your damaged credit, if that is what is keeping you from the bank
qualification.
Have a minimum of $3000 to put down and the first month’s rent.

If you are willing to do the above and your application is approved, you are on
your way to getting into your new home.

What this all means to you:

You lock in the future purchase price.
You get a nice home in a nice neighborhood for your family.
You get to “check out” a neighborhood before committing to purchase
the home.
We handle all the paperwork and you can have your attorney review it.

Your official source for Rent To Own properties and purchase options on home rentals

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