Rent To Buy
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Most people see Rent To Buy as a new way of buying goods, but in truth, this method of purchase has been around for some time already. We specialise in the Rent To Buy property niche, but there are plenty of other Rent To Buy examples that range from buying goods like microwave ovens, fridges, freezers, televisions and pretty much any household appliance you can think up. You can even buy a car on Rent To Buy terms now.
People that are normally stuck with leasing or renting their accommodation or goods, can find that it is possible to work with the owner so that they provide part of the finance, and in some cases, most of the finance for the items being sold.
Rent to buy offers the consumer the flexibility to try before they buy. This has been widely accepted by students and business people who live in short to medium term accomodation. It means they are able have access to household items that they need and if they enjoy the item they are renting, they have the option, but not the obligation to purchase the goods later on in the rental agreement.
Similar rules apply for people who want to buy their own home. For people who are ordinarily stuck renting, due lack of credit or savings, they can look at renting to buy their own home. The most common way for people to buy their own rent to buy houses, is through investors who have purchased a property with the sole intention of selling it to a family who seek rent to buy terms.
Unlike the household appliance and automotive industries, which are somewhat regulated, the rent to buy houses industry is pretty open to families being scammed if they choose to buy their home through the wrong rent to buy investor. That's why it's so important to make sure you do your own due dilligence with anyone you conduct business with, especially if you are going to commit to buying a rent to buy home.
We believe that it is better to actually learn rent to buy skills yourself, rather then using a rent to buy investor. Its stands to reason, that you will pay more what buying a home from an investor, because they are in this business to make money, just like any other business.
We are seeing more any more of these new rent to buy investors hitting the market place, after going along to a wealth creation seminar, and they get very excited about all the money they can make from families just like yours. This can be okay if they have purchased the property at a good wholesale price, but most of them don't possess the skills to purchase property at wholesale prices, so when they add their margins to the deal, it's your family who end up paying too much for your new rent to buy home.
So make sure you learn everything you can about the rent to buy houses industry and offer your new found skills to a seller who needs your services. You will be surprised how many sellers are willing to work with you to create a winning deal between you both. Many sellers have never heard about the benefits of renting to buy, so make sure you show them all the benefits, and you will be living in your own rent to buy home much faster then you expect.
Also Read: Rent To Buy Homes, Rent To Buy Property, Rent To Buy Australia.
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