Rent To Own MN

Houses For Rent By Owner In New Brighton – 4 Reasons Why Rent-to-Own Is Better

If you’re looking for houses for rent by owner in New Brighton, have you considered rent to own?

Rent-to-own gives you the best of both worlds… and you don’t need amazing credit to do it!

Given the choice between renting and rent-to-own, we believe that rent-to-own is often a better choice. In this blog post, we’ll look at the 4 reasons why rent-to-own is a great way to buy a house… even if your credit isn’t perfect. If you’re looking at houses for rent by owner in New Brighton then you may want to expand your search to consider rent-to-own options…

Owning a home is part of the American Dream… but it’s also very expensive. Many people are forced to rent, putting money into their landlord’s pocket while struggling to get ahead. Wouldn’t it be nice if you could “rent your way to home ownership?” You can. It’s called “rent to own” and it’s growing in popularity.

It works like this: rents from a property owner, just like normal. But their agreement is often a multi-year agreement in which they agree to purchase the house at the end of the rental term. Keep reading to discover 5 reasons why this is SO powerful…

If you want to know more about rent-to-own, or about houses for rent by owner in New Brighton, simply click here to fill out the form or call us at 612-840-6507 and we’ll make sure you have all the info you need

5 Tips About Rent To Own Houses For Rent By Owner In New Brighton

Rent To Own Tip #1
It’s pretty easy to qualify. Unlike buying a house (which requires a high credit score and down payment), a rent to own property starts off as a rental. There might be other qualifications required but, in general, it’s a much easier way to qualify to buy a house.

Rent To Own Tip #2
You can buy a house with bad credit and you have a chance to fix your credit! A rent-to-own agreement doesn’t always require perfect credit, but it does give you a chance to establish yourself and fix up your credit so that, by the time you’re ready to make the purchase, you may be able to qualify for a mortgage.

Rent To Own Tip #3
You can “try out” homeownership before you actually buy. Some renters are surprised by the difference between renting and owning. But a rent-to-own agreement gives you the ability to try out home ownership first to understand what it’s really all about without having to first get a mortgage!

Rent To Own Tip #4
You put down roots. One of the biggest complaints of renters is that they feel like they don’t have a permanent place. They’re stuck in year-to-year rental agreements and don’t feel like they have a permanent home. But rent to own agreements in houses for rent by owner in New Brighton, you AND the owner know you’re in it for the long haul because you plan to buy the house.

Summary

If you’re looking for houses for rent by owner in New Brighton, you should broaden your search and start thinking about rent to own properties, too. This is a simple strategy to help you get into a permanent home sooner, and you don’t need perfect credit or a huge down payment to make it happen!

Want to learn more about how rent to own works? Click here now and fill out the form or call us at 612-840-6507

How you can find free rent to own home listings in New Brighton

Looking for a house here in New Brighton? Find resources on local rent to own homes in New Brighton MN below!

 

It’s not uncommon to see craigslist adverts that provide people with a chance to own a home with just a small payment upfront and then “earn your way” into a house over time.There are a few names for that… but “rent to own”, “lease to own”, and “lease purchase” are a few.
If you’re looking for a quality rent to own house in New Brighton… you may be wondering how you can find free rent to own home listings in New Brighton to see if you can find a house that’s right for you.
First, if you’re not sure what a rent to own house is… or the process… keep reading this website…

Renting to own a local New Brighton house can be a great option for people who are struggling to qualify for a home mortgage because of their credit or not enough cash for a large down payment.

This option benefits both the buyer as well as the seller because the former gets to move into his or her dream home quickly while the latter gets a series of long term payments and is able to sell their house to a broader pool of potential “tenant buyers”.

Finding the right rent to own home listings is New Brighton can be tough sometimes.

What we’d suggest is that you do your research and get on a few lists that show you local rent to own houses in and around New Brighton.

Places you can find these lists of available New Brighton MN rent to own houses…

  1. On This Website:  Our company, The Antonov group, is a local real estate investment firm that buys and sells houses. One of the ways we sell our houses often is on a rent to own basis.So you can join our Local Rent To Own Property List over here >>You’ll get email alerts anytime a new property is available.  A huge benefit of being on our rent to own house list for New Brighton MN houses is that you’ll be the first one to see the properties BEFORE we list them on this website. More than half of our rent to own houses never even make it to this website because they get snapped up by people on our New Brighton Rent To Own Property List.
  2. Local Real Estate Agents:  Reach out to reputable New Brighton real estate agents and see if they have any rent to own houses available. Agents tend to stay away from rent to own houses, but some area agents do offer rent to own properties.
  3. Craigslist:  Craigslist can be a solid source of rent to own / lease option houses in the New Brighton area… and the entire rest of MN for that matter. We even list some of our properties on there from time to time.One thing to look out for when you look on Craigslist though is to make sure that the person you’re renting from us actually authorized to rent you the house.  In recent years there have been scammers taking advantage of people on Craigslist… so just make sure you’re working with a house seller that you can verify is legitimate.

A Bit More Info About Renting To Own A New Brighton House…

The tougher lending standards and the declining buyer market are pushing sellers of houses in New Brighton to help potential home buyers get into houses even though they can’t qualify for a bank loan.

The way our rent to own agreements work is, you as the buyer, are given a chance to rent the property for a given period of time with an option to buy the house sometime in the future…. usually 2 years from today.

That gives you as the buyer enough time to evaluate the neighborhoods, the house, and improve your financial situation before making a long term commitment to owning the property. Families can also move into the property even when they don’t have adequate financing power.

We love working with rent to own tenant / buyers because we get a tenant who has a long term vested interest in the property and we get a consistent rental payment while you improve your credit so you can get a home loan at the end of the agreement to buy the house.

There are pros and cons to renting to own a house… which we go over on this website and in other articles… and it’s advisable that you understand the pitfalls which comes with this form of home ownership… along with the huge benefits we can offer with our local rent to own / lease option house program.

So, what are you waiting for?

Now that you know how you can find free rent to own home listings in New Brighton… now it’s time to start finding houses that fit what you’re looking for.

If you want to see what Local New Brighton Rent To Own Homes we have available… go here >>

If you have any questions about the process or just want to chat about your situation… give us a call at: 612-840-6507

We’re here for you and we look forward to working with you!

New Brighton MN Houses for Rent – Why rent when you can own?

If you’re looking for New Brighton houses for rent you may want to consider your other options as a potential home owner in the New Brighton area.

Most locals who are looking for homes to rent in New Brighton are likely looking at renting as their only option because of things like…

– Bad credit (and can’t get a traditional bank loan to purchase a home)

– Not enough funds for a large downpayment on the New Brighton home you want to live in

– … or you’re just used to renting and didn’t know there were other options.

How Many New Brighton Area Renters Are Turning To Home Ownership By “Renting To Own”?

If you haven’t heard of “renting to own” a home (some call it a “lease option”), you’re not alone.

But the “rent to own” concept isn’t new.

In fact, renting to own has become really common for many things, including furniture, electronics, cars, and more.

And the rent to own concept for houses has been around for decades as well.

So What Is A “Rent To Own” Home?

You can check out more info here on our website to learn more about renting to own a New Brighton home… but in basic terms a rent to own home is…

… Simply a home where the owner of the house allows you to rent the house, with an option at the end of the rental term to purchase the house at a price you and the owner agree upon ahead of time.

You’re not obligated to purchase the home… but the seller is obligated to sell you the home at that pre-determined price if you choose to purchase it at the end of the rental term.

So How Does A Rent To Own Program Help You Buy?

There are a few big benefits to New Brighton rent to own home programs like ours that can help many New Brighton area residents to become home owners.

Usually there’s something causing people to choose renting over buying.

If your credit is preventing you from getting a bank loan to buy a home, a rent to own program can give you the time and assistance to improve your credit during the rental term… so at the end of the rental term you can hopefully qualify for a bank loan and buy the home!

Or for many people the issue is the downpayment.  If you just don’t have the money you’d need to put down on the house you’d want to live in… many times you can find rent to own programs with houses in the exact neighborhoods you want to live in… with much much lower move in fees… and even sometimes guidance in helping you build up the down payment needed during the rental term in the rent to own agreement.

In the end, if you’re looking for New Brighton houses for rent… before you go and rent another house you may want to explore our New Brighton Rent to Own Program to see if it’s right for you.

Renting to own isn’t for everyone… but if it’s the best fit for you this could be your chance to get out of the “rental rat race” and into a home of your own that you actually eventually own.

For more information on our local Rent To Own Home (lease option) program submit the form on the top right of this page, or give us a call anytime at 612-840-6507.

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