Are you searching for a rent to own home in Atlanta, Georgia? You have many excellent options regarding how to proceed. Here is a list of Atlanta properties that might be eligible for lease-to-own. To apply for one of our partner rent to own programs, kindly visit the link below. Possibilities exist for you to own properties through various rent to own programs.
Please Select a Rent to Own Program From the List Below
What Is Rent-To-Own?
Rent to Own, or lease to purchase, is a home ownership strategy that allows a person to lease or rent a home from the owner of that property.
After a certain number of years of renting, you can purchase a home under a particular sort of agreement known as a rent-to-own home.
You may be required to pay a small amount more than the fair market value of a comparable rental unit when you have a rent-to-own agreement. After the lease expires, this additional cash will be applied as a down payment.
For the privilege of keeping the option to purchase the home, you could or might not be required to pay a “option fee” of 2–5% of its worth. The typical option fee for a rent to own or lease purchase agreement in today’s market is under 3%.
The extra payments , and option fee, are lost if you choose not to purchase the home at the end of the lease.
Do a Simple Credit Check
You will apply for a lease to own program. They will do a simple background and credit check based on their underwriting guidelines.
Shop for Homes
You will shop for homes with your real estate agent and make offers.
Start Your Lease to Own
Once your offer has been accepted, you will start the process, agree to terms, pay your option fee and move into your new future home.