Rent-2-Own

This is your chance to become a homeowner!

Are you tired of renting and throwing money away every month? Do you want to buy your own home? Have you ever been turned down for a loan? Maybe you don't have good credit? Or, you can’t afford the high down payment? Self-employed and unable to get a low-rate loan? Not enough time on the job? The list of why people can’t get into a home the conventional way goes on and on…

Well, guess what? We can help you!

It’s easier than you think. Most who rent do so because they don’t know they CAN buy. If you are renting only because you believe you can’t buy, THINK AGAIN! We can show you how you can rent to own a home.

You don’t need perfect credit and best of all, there are no banks or realtors to deal with. For about the cost of what you’re paying for rent, you could apply money from those payments to actually owning a home. Our business is putting good people, just like you, into a quality home. So, why not live in a clean, dependably home today, and buy it in the near future?

So, Why Should You Rent to Own?

It's fast and easy!
You don't need a 20% down payment
No bank qualifying
You don't need good credit.

Rent to Own Leads You Toward The Advantages of Home Ownership!

The Fundamentals of our Rent to Own Program

Agreements:
The program usually involves two separate agreements. A "purchase option agreement" and a "lease agreement." The purchase option agreement covers the home's price, the closing date, taxes, termite bond, title exam, warranty deed, and possession. The lease agreement handles occupancy, rent amount, move in date, property visits, prorated rent, pets, and maintenance.

Timeframe:
Typical agreements are 1 to 3 years in length. But, if you need more time (e.g., to repair your credit history) your agreement could be extended.

Rent Credit:
A "rent credit" is a percentage of your rent every month that is usually applied to the purchase of the home. Your rent credit usually starts at about $100 of your rent payment each month but this amount can go much higher and in some cases your entire monthly payment can be applied to your final puchase price. A rent credit can be negotiated in your agreement and is not always included.

Purchase Price:
We set the price of the home today this way you will know the exact price of your new home. This enables you to lock in the price of your new home at todays prices.

Option Fee:
Your option fee deposit could be applied 100% towards the purchase price of the home. If your option fee deposit is $5,000, then all $5,000 would be applied towards your home purchase.

Your option fee deposit is usually non-refundable. So, if you decide not to purchase the home, you forfeit your option fee. This is the same legal practice when you purchase a home the conventional way. You put up earnest money to purchase a home and if you back out of the sales agreement, you lose your earnest money.

Rent to Own Program Benefits For You

A rent to own program offers many advantages over bank financing:

Faster Equity Growth:
Equity can accumulate much faster with rent credits than with conventional financing (loans). With a conventional loan, 99% of your mortgage payment goes toward the interest payment for the first 5 to 10 years.

Your Rent Money is Working Towards the Purchase of the Home:
Each month that you pay rent on time, a portion of your rent payment could be credited towards the home's purchase price. So, you could build equity.

Your option fee is Credited Towards the Purchase of the Home:
When you execute (sign) an agreement, you must pay an option fee. This money could be credited towards the home's purchase price if you decide to exercise your option to buy at the end of the lease term.

Minimum Cash Out of Pocket:
When you purchase a home conventionally, you must pay closing, prepaid, and down payment costs. With a rent to own agreement, you only pay the first month's rent, a security deposit (less than with most rentals), and an option fee. This will save you between 25%-85% (1,000's of dollars).

Purchase Price is Locked In:
Typically, the home's purchase price will be locked in for the duration of your agreement. With the growth of real estate in the past decade, the benefit of locking in a sale price 1-3 years in adavance in tremendous.

Profits from Appreciation:
Since the purchase price could be locked in before closing, any increase in property value will mean that your equity will increase in the home.

Buying Power:
Your buying power is drastically increased. You can get into a rent to own home for much less than what a lender requires (10 to 20% down plus closing costs and fees). This saves you 1,000's of dollars up front.

Rent to own advantages over a conventional mortgage:

Bank Loan or Mortgage

Rent to Own Program

typically 10 to 20% down

typically 3 to 5% down

between $2,500 and $5,000

small application fee (under $50)

penalties for bad credit

your credit is not an issue

custom payment plan to fit your needs

no escrow account required

slow for the first 10 years

accelerated equity builder

required if less than 20% down

Credit Problems Will Not Hold You Back:
Qualification restrictions are nowhere as strict as conventional financing. You will be approved at the owner's sole discretion. In fact, a rent to own a home can be easier then renting a home! Your option fee gives the "weight" in the transaction.

You Get to Keep the Value You Add to the Home:
If you make improvements to the home that will increase its value, it's yours to keep when you purchase the home. So you can landscape, paint, upgrade, even add on to the house. It will all be yours.

No Taxes, Less Liability:
Since you do not own the home yet, you won't have to pay property taxes.

Maximum Potential:
You are putting out very little money to control a very expensive and potentially, very profitable investment.

Time:
Before you actually buy the home, you will have time to improve your credit, be on your job longer, save more money, or find the best financing available.

Quick Move-in Time:
Move-in time is typically less than two weeks, and sometimes just a few days, compared to a conventional home purchase which could take 1 to 3 months from the time the offer was made.

No Lengthy Escrows or Mortgage Approvals:
The decision to sell the home to you will be made at the sole discretion of the home owner, rather than by a lender who can take up to a month (or longer) to render a decision.

Privacy:
Since you are leasing, there will be no public record of where you live.

Peace of Mind:
What you're paying per month could actually go towards something - your home and your future.

What kind of homes do you offer?

We offer good quality homes in good neighborhoods at a good price. We take a great deal of pride in our properties. We have some BRAND NEW HOMES! Some of the homes we offer are fully renovated with updates to the home such as new carpet, fresh paint inside and out, new kitchens and baths, even newly finished basements. Other properties are given a more modest update with new paint and carpet and propfessional cleaning. ALL of the homes are in MOVE IN CONDITION!

Where are the Homes you are offering:

Most of our homes are in Warren and Frederick Counties in Virginia. However, we will also often have homes in Clarke, Shenandoah, Rappahannock, and Fauquier Counties as well as the City of Winchester. We will also offer houses in the West Virginia Counties near Berkely and Morgan.

Phone: 540-660-4052 OR 540-533-0715 * Fax: 413-702-9031

P.O. Box 2361, Front Royal, Virginia 22630

Property Solvers, LLC is a real estate investment company. We are NOT real estate agent and in no way represent ourselves to be real estate agents. All of our properties are being sold as an owner seller.