http://www.palmbeachrenttoownhomes.com

Bad​ ​or​ ​NO​ ​Credit?​ ​We​ ​Have​ ​Rent-to-Own​ ​Homes​ ​in Palm​ ​Beach​ ​Available​ ​For​ ​You!

Rent​ ​To​ ​Own​ ​Homes​ ​Lake​ ​Worth,​ ​FL 

561-771-4347  GIVE​ ​US​ ​A​ ​CALL​ ​NOW

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Palm Beach Rent To Own Homes is the local leader in rent to own homes in Palm Beach County Florida. We specialize in helping Palm Beach residents earn the satisfaction of realizing their homeownership dreams through our Palm​ ​Beach​ ​Rent​ ​To​ ​Own​ ​Home​ ​Program.

Click​ ​here​ ​to​ ​visit​ ​our​ ​site Contact​ ​Details:

Palm​ ​Beach​ ​Rent​ ​To​ ​Own​ ​Homes

8461​ ​Lake​ ​Worth​ ​Road Suite​ ​1-240​ ​Lake​ ​Worth,​ ​Florida​ ​33467 Phone:​ ​561-771-4347 Website:​ ​http://www.palmbeachrenttoownhomes.com Google​ ​Site:​ ​https://sites.google.com/site/homesforrenttoownfl/ Google​ ​Folder:​ ​https://goo.gl/HZ9AuU Twitter:​ ​https://twitter.com/christinatmarch https://plus.google.com/116287881073580424586 https://www.facebook.com/Palmbeach-Rent-To-Own-Homes-1359313940858481/ https://www.youtube.com/channel/UC7XUQ5F7IQLMZ8dkL3VioWg https://twitter.com/rent2ownhomesfl

Rent-To-Own​ ​Real​ ​Estate​ ​Full​ ​Of​ ​Pitfalls If​ ​you’re​ ​at​ ​a​ ​place​ ​in​ ​your​ ​life​ ​where​ ​you’d​ ​really​ ​rather​ ​not​ ​be​ ​living​ ​in​ ​an​ ​apartment​ ​but​ ​you don’t​ ​have​ ​the​ ​money​ ​to​ ​buy​ ​a​ ​home​ ​yet,​ ​an​ ​in-between​ ​option​ ​can​ ​get​ ​your​ ​foot​ ​in​ ​the​ ​door faster.​ ​It’s​ ​called​ ​“renting-to-own”​ ​or​ ​a​ ​“lease​ ​option.”​ ​Before​ ​you​ ​consider​ ​this​ ​type​ ​of arrangement,​ ​you​ ​should​ ​be​ ​aware​ ​of​ ​how​ ​it​ ​works,​ ​who​ ​benefits​ ​and​ ​the​ ​many​ ​things​ ​that​ ​can go​ ​wrong. How​ ​You​ ​Can​ ​Rent​ ​to​ ​Own

http://www.palmbeachrenttoownhomes.com

In​ ​a​ ​lease​ ​option​ ​you​ ​rent​ ​a​ ​property​ ​at​ ​a​ ​cost​ ​slightly​ ​above​ ​market​ ​rate.​ ​Prior​ ​to​ ​moving​ ​in,​ ​you agree​ ​on​ ​a​ ​potential​ ​purchase​ ​date​ ​and​ ​purchase​ ​price​ ​for​ ​the​ ​home.​ ​You​ ​may​ ​buy​ ​the​ ​property at​ ​any​ ​point​ ​during​ ​the​ ​rental​ ​period​ ​up​ ​until​ ​the​ ​lease​ ​option​ ​expires.​ ​The​ ​lease​ ​option​ ​period can​ ​be​ ​any​ ​length​ ​of​ ​time​ ​that​ ​you​ ​and​ ​the​ ​seller​ ​agree​ ​to,​ ​ranging​ ​from​ ​several​ ​months​ ​to several​ ​years. If​ ​you​ ​do​ ​purchase​ ​the​ ​property,​ ​the​ ​seller​ ​will​ ​credit​ ​part​ ​of​ ​your​ ​rent​ ​back​ ​to​ ​you,​ ​usually​ ​more than​ ​the​ ​portion​ ​of​ ​your​ ​rent​ ​that​ ​was​ ​above​ ​market​ ​rate.​ ​You​ ​can​ ​put​ ​this​ ​money​ ​toward​ ​a​ ​down payment​ ​and​ ​closing​ ​costs,​ ​or​ ​keep​ ​it.​ ​The​ ​purpose​ ​of​ ​the​ ​above-market​ ​rent​ ​is​ ​to​ ​give​ ​the​ ​seller an​ ​incentive​ ​to​ ​complete​ ​the​ ​transaction.​ ​If​ ​you​ ​do​ ​not​ ​purchase​ ​the​ ​property,​ ​all​ ​of​ ​the​ ​rent​ ​you paid​ ​remains​ ​with​ ​the​ ​seller,​ ​giving​ ​the​ ​seller​ ​an​ ​incentive​ ​for​ ​taking​ ​the​ ​property​ ​off​ ​the​ ​market during​ ​the​ ​time​ ​you​ ​were​ ​renting​ ​it. Note:​ ​Not​ ​all​ ​states​ ​allow​ ​lease​ ​options​ ​on​ ​residential​ ​property,​ ​so​ ​the​ ​buyer​ ​should​ ​ensure​ ​that the​ ​contract​ ​is​ ​legal. How​ ​It​ ​Benefits​ ​Sellers One​ ​of​ ​the​ ​main​ ​reasons​ ​why​ ​a​ ​seller​ ​might​ ​be​ ​interested​ ​in​ ​a​ ​rent-to-own​ ​arrangement​ ​is because​ ​if​ ​an​ ​owner​ ​is​ ​having​ ​trouble​ ​selling,​ ​rent-to-own​ ​provides​ ​an​ ​alternative​ ​to​ ​lowering​ ​the home’s​ ​price,​ ​taking​ ​the​ ​home​ ​off​ ​the​ ​market,​ ​or​ ​renting​ ​the​ ​home​ ​out​ ​long​ ​term.​ ​Because​ ​a selling​ ​price​ ​is​ ​established​ ​in​ ​the​ ​lease-option​ ​contract,​ ​the​ ​current​ ​homeowner​ ​knows​ ​exactly what​ ​to​ ​expect​ ​if​ ​a​ ​sale​ ​goes​ ​through.​ ​If​ ​the​ ​market​ ​declines​ ​slightly​ ​during​ ​the​ ​lease​ ​period,​ ​the sale​ ​price​ ​is​ ​already​ ​locked​ ​in,​ ​but​ ​the​ ​tenant​ ​will​ ​probably​ ​still​ ​be​ ​interested​ ​in​ ​buying​ ​the property​ ​because​ ​of​ ​the​ ​rent​ ​money​ ​rebate.​ ​Meanwhile,​ ​the​ ​owner​ ​gets​ ​help​ ​paying​ ​the mortgage,​ ​property​ ​taxes​ ​and​ ​insurance.​ ​Also,​ ​unlike​ ​a​ ​traditional​ ​rental​ ​agreement,​ ​the​ ​tenants are​ ​more​ ​likely​ ​to​ ​take​ ​care​ ​of​ ​a​ ​lease-option​ ​property​ ​because​ ​they​ ​have​ ​the​ ​option​ ​to​ ​purchase it. How​ ​It​ ​Benefits​ ​Buyers The​ ​main​ ​reason​ ​why​ ​a​ ​rent-to-own​ ​agreement​ ​appeals​ ​to​ ​buyers​ ​is​ ​a​ ​financial​ ​one.​ ​If​ ​buyers don’t​ ​yet​ ​have​ ​the​ ​down​ ​payment​ ​or​ ​the​ ​monthly​ ​income​ ​to​ ​qualify​ ​for​ ​a​ ​mortgage​ ​but​ ​believe they​ ​will​ ​within​ ​the​ ​next​ ​couple​ ​of​ ​years,​ ​a​ ​lease​ ​option​ ​allows​ ​them​ ​to​ ​accelerate​ ​the​ ​path​ ​to homeownership.​ ​By​ ​signing​ ​a​ ​contract​ ​now,​ ​the​ ​buyer​ ​locks​ ​in​ ​a​ ​purchase​ ​price,​ ​which​ ​means no​ ​worrying​ ​about​ ​rising​ ​home​ ​prices.​ ​(Note:​ ​In​ ​a​ ​rapidly​ ​appreciating​ ​real​ ​estate​ ​market,​ ​the seller​ ​of​ ​a​ ​lease-option​ ​property​ ​would​ ​probably​ ​want​ ​to​ ​add​ ​a​ ​clause​ ​to​ ​the​ ​contract​ ​allowing​ ​for the​ ​price​ ​of​ ​the​ ​home​ ​to​ ​increase​ ​with​ ​the​ ​market.) The​ ​buyer​ ​also​ ​does​ ​not​ ​have​ ​to​ ​worry​ ​about​ ​coming​ ​up​ ​with​ ​the​ ​money​ ​for​ ​property​ ​taxes, private​ ​mortgage​ ​insurance​ ​or​ ​homeowners​ ​insurance,​ ​and​ ​the​ ​seller​ ​will​ ​usually​ ​continue​ ​to pay​ ​for​ ​and​ ​complete​ ​any​ ​maintenance​ ​and​ ​repairs​ ​on​ ​the​ ​home.​ ​Finally,​ ​by​ ​living​ ​in​ ​the​ ​home before​ ​deciding​ ​to​ ​purchase​ ​it,​ ​a​ ​buyer​ ​has​ ​the​ ​advantage​ ​of​ ​a​ ​lengthy​ ​test​ ​drive​ ​on​ ​the​ ​home

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before​ ​jumping​ ​into​ ​a​ ​major​ ​financial​ ​commitment.​ ​Best​ ​of​ ​all,​ ​if​ ​the​ ​buyer​ ​decides​ ​to​ ​walk​ ​away from​ ​the​ ​deal,​ ​the​ ​only​ ​consequence​ ​is​ ​the​ ​loss​ ​of​ ​that​ ​portion​ ​of​ ​the​ ​rent​ ​paid​ ​that​ ​was​ ​above market​ ​rate.​ ​If​ ​the​ ​buyer​ ​ends​ ​up​ ​purchasing​ ​the​ ​property,​ ​the​ ​seller​ ​will​ ​credit​ ​part​ ​of​ ​the​ ​rent back​ ​to​ ​the​ ​buyer,​ ​often​ ​more​ ​than​ ​the​ ​portion​ ​of​ ​rent​ ​that​ ​was​ ​above​ ​market​ ​rate. Potential​ ​Pitfalls​ ​for​ ​Buyers Of​ ​course,​ ​everything​ ​doesn’t​ ​always​ ​come​ ​up​ ​roses​ ​with​ ​lease​ ​options.​ ​A​ ​would-be​ ​buyer should​ ​be​ ​aware​ ​of​ ​the​ ​many​ ​things​ ​that​ ​can​ ​go​ ​wrong​ ​in​ ​the​ ​process​ ​before​ ​getting​ ​involved​ ​in a​ ​rent-to-own​ ​agreement.​ ​Before​ ​entering​ ​a​ ​rent-to-own​ ​agreement,​ ​a​ ​potential​ ​buyer​ ​should: 1.​ ​Check​ ​the​ ​seller’s​ ​credit​ ​report​.​ ​Look​ ​for​ ​potential​ ​warning​ ​signs​ ​that​ ​the​ ​seller​ ​is​ ​in financial​ ​trouble,​ ​such​ ​as​ ​delinquent​ ​accounts​ ​or​ ​a​ ​large​ ​amount​ ​of​ ​outstanding​ ​debt.​ ​Even​ ​after a​ ​satisfactory​ ​credit​ ​check,​ ​a​ ​potential​ ​buyer​ ​who​ ​currently​ ​lives​ ​in​ ​the​ ​home​ ​should​ ​still​ ​pay attention​ ​to​ ​any​ ​warning​ ​signs​ ​that​ ​would​ ​indicate​ ​that​ ​the​ ​seller​ ​is​ ​in​ ​financial​ ​distress.​ ​Some examples​ ​include​ ​phone​ ​calls​ ​from​ ​debt​ ​collectors​ ​and​ ​suspicious-looking​ ​notices​ ​that​ ​are​ ​sent to​ ​the​ ​house. 2.​ ​Recognize​ ​that​ ​the​ ​seller​ ​could​ ​lose​ ​the​ ​property​ ​during​ ​the​ ​rental​ ​period​.​ ​This​ ​could occur​ ​for​ ​any​ ​number​ ​of​ ​reasons​ ​such​ ​as​ ​if​ ​he​ ​or​ ​she​ ​is​ ​unable​ ​to​ ​make​ ​the​ ​mortgage​ ​payments, a​ ​tax​ ​judgment​ ​is​ ​placed​ ​on​ ​the​ ​property,​ ​he​ ​or​ ​she​ ​goes​ ​through​ ​a​ ​divorce,​ ​is​ ​being​ ​sued​ ​and so​ ​on.​ ​If​ ​the​ ​seller​ ​loses​ ​the​ ​property,​ ​the​ ​potential​ ​buyer​ ​loses​ ​the​ ​possibility​ ​of​ ​buying​ ​the property,​ ​forfeits​ ​the​ ​extra​ ​rent​ ​paid​ ​and​ ​will​ ​have​ ​to​ ​find​ ​a​ ​new​ ​place​ ​to​ ​live.​ ​There​ ​is​ ​one possible​ ​exception:​ ​If​ ​the​ ​home​ ​becomes​ ​bank-owned​ ​through​ ​foreclosure,​ ​the​ ​bank​ ​might consider​ ​selling​ ​the​ ​home​ ​as​ ​soon​ ​as​ ​possible​ ​to​ ​the​ ​rent-to-own​ ​buyer​ ​in​ ​order​ ​to​ ​avoid​ ​the hassle​ ​of​ ​maintaining​ ​and​ ​marketing​ ​the​ ​property​ ​to​ ​a​ ​different​ ​buyer.​ ​In​ ​this​ ​case,​ ​the rent-to-own​ ​buyer​ ​would​ ​have​ ​to​ ​decide​ ​whether​ ​the​ ​purchase​ ​is​ ​feasible​ ​at​ ​the​ ​new​ ​date.

http://www.palmbeachrenttoownhomes.com

Rent​ ​To​ ​Own​ ​Homes​ ​By​ ​Owner​ ​Near​ ​Me​ ​Lake​ ​Worth,​ ​FL Contact​ ​Details: Palm​ ​Beach​ ​Rent​ ​To​ ​Own​ ​Homes 8461​ ​Lake​ ​Worth​ ​Road Suite​ ​1-240​ ​Lake​ ​Worth,​ ​Florida​ ​33467 Phone:​ ​561-771-4347 Website:​ ​http://www.palmbeachrenttoownhomes.com Google​ ​Site:​​ ​https://sites.google.com/site/homesforrenttoownfl/ Google​ ​Folder:​ ​https://goo.gl/HZ9AuU Twitter:​ ​https://twitter.com/christinatmarch https://plus.google.com/116287881073580424586 https://www.facebook.com/Palmbeach-Rent-To-Own-Homes-1359313940858481/ https://www.youtube.com/channel/UC7XUQ5F7IQLMZ8dkL3VioWg https://twitter.com/rent2ownhomesfl Related​ ​Contents: rent​ ​to​ ​own​ ​homes​ ​lake​ ​worth,​ ​fl

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