www.TheRentToOwnPros.com
Get Excited! We Help You Own While You Rent!
Find Out More About Rent To Own & Home Ownership
www.TheRentToOwnPros.com FAQ:
1.Is the rent to own purchase more expensive than a traditional real estate purchase? Our research of closed deals under our rent to own program show that both the buyer and seller significantly save money in our rent to own program versus what they would normally pay using the traditional route. Whether you are a perspective tenant or owner, please contact us today so that we can prepare a detailed cost analysis for you.
2.Will I be required to sign any documents? Yes. We are licensed real estate practitioners and therefore we are required to get signed documents. We will explain the documents and allow you to ask questions prior to signing so that you understand what you are doing.
3.What if I move into the house and decide that I do not want to go through with the purchase? Our program is not a lease with option. Our program requires you to purchase the home. Look at it this way: if you were to purchase a home for sale you cannot give the house back to the owner after you have lived there a couple of months.
4.How long does it take for you to find me a place to rent? That depends a lot on you. If you know exactly what features you are looking for and you have realistic expectations we believe we can usually find you something within the first three appointments. If you are in a hurry to find something we can also offer you a service where we guarantee to find your home in 10 hours or less or your money back. Please complete the pre-app today so that we can evaluate your situation.
5.Can you give me a free list of homes to look at? One unique feature that separates us from other services is that we provide you with a customized search. While some services offer a list of homes for a fee, we believe that this is both a waste of time and money for the serious buyer because we know that the status of many of those homes listed has changed even before you can drive by. In other words, you could find yourself spinning your wheels and going nowhere fast with nothing to show for it. Our custom research reveals only those homes that we have found to be still actively on the market. Instead of wasting time, with us you will save both time and money.
6.Will I deal directly with the owner during the selection process? Only in rare instances will you deal directly with the owner. Most likely you may meet or talk to the owner’s representative during the selection process and you might meet the owner at closing.
7.How long does your program take from start to finish? Our rent to own agreements extend up to 18 months. However, we can tailor a plan specifically to your situation. Please give us a call at 866.873.8661 to start the evaluation process.
8.How can I be sure that this is not a scam? We are licensed real estate professionals and we carefully select our clients so that this is unlikely. If we suspect that something is not right we will advise you immediately and take the necessary steps to protect both of our interests. You can also click here to view reports that will help you avoid such scams.
9.What type of properties are available? We help you select from single family homes of all sizes and styles as well as multi-units, townhouses and condos.
10.Is it possible to see photos of the properties on my cell phone? Yes. We have mobile applications for certain phones. When you enroll in the program please let us know what model you have so that we can tailor the pix and text message info to your phone.
11.Can you help me find a place even if I have an eviction in my background? Yes. An eviction by itself will not disqualify you from being approved for the program. Each situation is looked at on a case by case basis. Go ahead and submit your pre-app today so that we can evaluate your scenario.
12.Can you help me find a place if I have a housing voucher? We are an equal opportunity housing provider and we do not discriminate. Since each housing voucher program differs we would need to evaluate your situation based on the application you provide. Go ahead and submit your pre-app today so that we can evaluate your scenario.
13.Where are your properties located? The properties are currently located throughout the Chicagoland, Suburban Cook and surrounding areas from both just inside the Illinois/Wisconsin border on the north and the Illinois/Indiana border on the south. We will also be expanding to other parts of the US beginning in the fall of 2011.
14.Can you help me find a townhouse to rent? Yes. Go ahead and submit your pre-app today so that we can get started in finding the place that’s right for you.
15.Do you own the properties you rent? The property ownership info for each property in the rent to own program will be revealed to you prior to you entering into the final rent to own agreement. We may or may not have an interest in the property. If we do have an interest in the property this will be revealed to you up front.
16.Do you work with owners to manage their properties? Yes. If you know someone who could benefit from our property management services please have them contact us right away. We would be more than happy to present our services to them. Invite them to visit our website or give them our toll free number or email address.
17.Do your rent to own properties come with warranties? Yes, as a matter of fact they do. The warranty protects the tenant from expensive repair costs as they live in the property under the rent to own program and it also provides excellent peace of mind for the owner as well.
18.What expenses, if any, does the owner pay to participate in the program? The initial out of pocket expense to the owner includes an appraisal fee. Other than that the typical real estate fees, along with a program fee will be charged once the buyer is ready to finalize the property acquisition. We review this in great detail with each owner. If you are an owner and would like to find out more about our rent to own program, please contact us today using our toll free number: 866.873.8661. We will respond within one business day.
19.If I am the owner am I protected if the tenant stops paying rent? Excellent question. Our unique program guarantees your rent payment every month of the lease agreement even if the tenant defaults. Please contact us today using our toll free number: 866.873.8661. We will respond within one business day.
20.How do perspective tenants qualify for the rent to own program? Typically they will need to provide a recent paycheck stub, W2 and tax documents for the pre-app part of the process and undergo a credit review and a one on one confidential consultation during the final application phase. Please complete the pre-app today so we can evaluate your situation.
21.Will I pay a higher than normal monthly rental rate for the property under this program? No our program is designed so that the rental price coincides perfectly with the prevailing market rate for rentals in the area and will also closely match your projected monthly mortgage payment (including principal, interest, taxes and insurance aka PITI).
22.Will I pay a higher than normal purchase price for the property under this program? Your purchase price will usually coincide closely with the appraised value on a recent appraisal. You are certainly not obligated to pay more than the appraised value.
23.If I am in a voucher program can I still participate in the rent to own program? Each voucher program has their own set of guidelines. Once we know what your program guidelines are we can determine if you will qualify for our rent to own program or something more tailored. You should complete the pre-app today so that we can evaluate your situation.
24.I was recently denied a loan because they said my debt to income ratio was too high. Can I qualify under your rent to own program instead? Usually yes. We can work with you to help bring your debt to income ratios into proper lending guideline range when you follow the credit advice provided under our expert credit coaching component of the rent to own program. You should complete the pre-app today so that we can evaluate your situation.
25.Can I qualify if I filed bankruptcy? A bankruptcy in and of itself will not disqualify you from being in our rent to own program. We would like to see decent credit history after a bankruptcy but in order to determine if you will qualify you will need to submit a pre-app for review. You should complete the pre-app today so that we can evaluate your situation.
26.Can I still qualify if I had a previous foreclosure? A foreclosure will not disqualify you from being in our rent to own program. We will need to see your entire credit history in order to determine if you will qualify. Please submit a pre-app today for our review.
27.Can I still qualify if I had a tax lien, judgment or auto repo? A tax lien, judgment or auto repo will not disqualify you from our rent to own program but an unpaid tax lien, judgment or auto repo will disqualify you. We will need to see your entire credit history in order to determine if you will qualify. Please submit a pre-app today for our review.
28.What credit score do I need to have in order to qualify to enter your rent to own program? We like to see credit scores around 560. Even if your score is slightly lower than this please submit a pre-app today to that we can evaluate your situation.
29.Can I purchase a 6 unit building under your rent to own program? Yes, if you plan to occupy it. We prefer to evaluate multi-unit buildings on a case by case scenario. Go ahead and submit the pre-app today so that we can evaluate your situation.
30. I saw the house that I want to rent to own and have already spoken to the owner. Can I still use your program to purchase that particular home? Yes. If you and the owner are both satisfied with our program guidelines we can move forward. Please submit a pre-app today for our review.
31.Do you charge a fee for your services? Yes. The buyer and the seller are both expected to pay applicable fees for the services we offer. Keep in mind that everyone saves using our rent to own program when compared to a traditional sale.
32.I am an investor and own several properties. Can you help me sell all of them under your lease to own program? Excellent question. Some investors are looking at unloading all of their residential properties so that they can take advantage of the commercial foreclosure opportunities on the horizon. We would be happy to evaluate your situation and give you a free no obligation analysis. Contact us today using our toll free number 866.873.8661 or e-mail us using the link at the site. We generally respond within one business day.
WHY CHOOSE The Rent To Own Pros?
For the Tenant and Owner/Investor we have a unique rent to own program that protects both the owners' and tenants' interest throughout the transaction. Our program is not a lease to own or a land contract program. Please read the information below to find out what makes our program unique.
www.TheRentToOwnPros.com
5 Simple Steps To Home Ownership:
1)You listen to a pre-recorded message to find out more about the program and if interested you register online so that we can follow up with you.
2)You pre-apply (using a copy of most recent tax return, W2 or recent paycheck stub and a copy of your credit report) and we follow up with you
3)We assist you in finding the right home and negotiate the offer for you to move in
4)Your credit score is improved over the course of the next 6-18 months while you enjoy living in you new home
5)You get a mortgage in your name and become the owner of the property
The www.TheRentToOwnPros.com Program includes a simple step by step process. The first part of the process involves you finding out more about the program so that you can decide if it is right for you. If you like what you hear you simply pre-apply by providing us a copy of your most recent tax return, W-2 or recent paycheck stub and a copy of your credit report which can be obtained online for free. After we review your information we let you know whether or not you qualify for the www.TheRentToOwnPros.com Program and we assist you in finding the right home. Once we have negotiated the terms you move into the property and over the next 6 - 18 months we help you improve your credit and score. Finally, with your higher score we assist you in getting a mortgage and becoming the owner of the property. Its that simple. To register today and complete the online registration. We will respond to your request within 2-3 business days. Thank you for giving us an opportunity to serve you.
For Tenants: We provide you with credit coaching, up to 18 months to become mortgage ready, a home warranty and more. To receive more information please register now.
For Owners/Investors: We guarantee your rent payments and we will work to get you a full price offer. Consider this: if your happy tenant buys your property through our rent to own program you will have more to invest in commercial foreclosures or any other investment vehicle of your choice. Our rent to own program puts your property on autopilot for the next 18 months. To receive more information please call us at 866.873.8661.
Studies show the dream of homeownership is becoming a reality for a growing number of Americans.
For example, according to the 2005 Harvard Joint Center for Housing Studies State of the Nation's Housing Report, minorities are making inroads into all housing market segments across the United States.
This trend is expected to continue with minorities making up a growing share of the homeowner population with each successive generation. The study reveals that nearly 35 percent of all first-time homebuyers are minorities and more than 40 percent of all renters are minorities-these could be or will be the homeowners of the future.
Companies in the housing and mortgage industries are taking notice of this trend and are making efforts to meet the needs of today's prospective homebuyers.
"Mortgage lenders need to have people who reflect the communities they serve located in the neighborhoods that we want to serve if we want to inspire people to become first-time homeowners," said Jackson Cosey, senior vice president of Emerging Markets for Wells Fargo Home Mortgage.
For instance, www.TheRentToOwnPros.com recently introduced a rent to own program designed to help serve consumers with down payment difficulties or a blemished credit history by helping them qualify for loans they can afford while they audition for homeownership during rental.
It includes credit coaching that address the growing reality that future homeowners do not meet the newer more stringent lending guidelines since the foreclosure meltdown of 2008.
Also, it protects the owners interest by guaranteeing rent payments during the rental period. In addition, flexibility on down payments and closing costs allows customers to purchase a home without a down payment.
Home-financing options such as the www.TheRentToOwnPros.com rent to own program will allow more people including first-time homebuyers and low- to moderate- income borrowers to do something they have only dreamed about: owning a home.
The Holidays Are Just Around The Corner...Why Not Celebrate In Your New Home? Start Today!
Why rent when you can own? Are you unsure about becoming a homeowner? Do you wonder about the tax incentives? Are you wondering whether homebuying is a good investment? Homeownership is still the American Dream and it is not just about the money. For answers to these questions and more download a brochure right now that discusses these topics and see for yourself.
FREE REPORT: Why Rent Instead Of Buy
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866.873.8661
