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4966 Wynhurst Way Stone Mountain, Ga. 30088 <REDUCED>
Click for more details and property listing.
City: Stone Mountain County: Dekalb State: Georgia
Zip: 30088-4237
Subdivision: Hidden Hills
3 Bedrooms
2.5 Baths
Purchase Price $125,000
Monthly Payment $995.00 permonth
Lease Option Deposit: $2500.00
More Info....Click Here!
770-256-0537
Zip: 30088-4237
Subdivision: Hidden Hills
3 Bedrooms
2.5 Baths
Purchase Price $125,000
Monthly Payment $995.00 permonth
Lease Option Deposit: $2500.00
More Info....Click Here!
770-256-0537
How a Rent to Own Homes Can Help You in Troubled Times
by Robert Eisenstein
With the recent negative economic situation and its effect on the housing market, homeowners have been stuck trying to sell their homes, and have had to watch as their home value slipped and they had to keep making payments on their home.
On the other side of the table, the economic situation has affected many potential buyers of homes as well; due to job losses, missed mortgage payments, heavy debt, and ultimately, bad credit, they have been unable to procure a mortgage for a new home. Couple this with the fact that banks hit a standstill where they were not making loans and it is a slow recovery for them as well.
A solution for both homeowner and potential homeowner would be a "Rent to Own Home", which is basically an arrangement whereas the homeowner allows a "tenant" (potential homebuyer) to rent their home, with an option to purchase that home at some pre-determined point in the future at a pre-determined price.
This would benefit the homeowner by having someone renting their home, making their monthly payments, taking care of the home and even potentially making repairs. This works for you if you are selling your house on your own (For Sale By Owner, or FSBO), or if you are listed with a realtor, this opens up a whole new market for you - buyers who cannot qualify for a mortgage now, but perhaps they will be in 6-24 months down the road.
As a potential homebuyer, a Rent to Own is an ideal situation, as it permits you to "try before you buy" to see if you like the home, the neighborhood, the schools, etc.
As a caveat to both types of individuals described above, always check out the local rules/laws in your state, town, or municipality, as there are big differences depending on where you live. You'll want to confer with a real estate agent and perhaps a real estate attorney as well.
For both Buyers and Sellers of Homes, Rent to Own House List may be your best option in any type of economy. The Rent to Own House List could just be the solution to your problem!
On the other side of the table, the economic situation has affected many potential buyers of homes as well; due to job losses, missed mortgage payments, heavy debt, and ultimately, bad credit, they have been unable to procure a mortgage for a new home. Couple this with the fact that banks hit a standstill where they were not making loans and it is a slow recovery for them as well.
A solution for both homeowner and potential homeowner would be a "Rent to Own Home", which is basically an arrangement whereas the homeowner allows a "tenant" (potential homebuyer) to rent their home, with an option to purchase that home at some pre-determined point in the future at a pre-determined price.
This would benefit the homeowner by having someone renting their home, making their monthly payments, taking care of the home and even potentially making repairs. This works for you if you are selling your house on your own (For Sale By Owner, or FSBO), or if you are listed with a realtor, this opens up a whole new market for you - buyers who cannot qualify for a mortgage now, but perhaps they will be in 6-24 months down the road.
As a potential homebuyer, a Rent to Own is an ideal situation, as it permits you to "try before you buy" to see if you like the home, the neighborhood, the schools, etc.
As a caveat to both types of individuals described above, always check out the local rules/laws in your state, town, or municipality, as there are big differences depending on where you live. You'll want to confer with a real estate agent and perhaps a real estate attorney as well.
For both Buyers and Sellers of Homes, Rent to Own House List may be your best option in any type of economy. The Rent to Own House List could just be the solution to your problem!
How Does Your Financing Work?
We offer Rent to Own homes and For Sale by Owner with owner financing where we can sell you the home. We must get you pre-approved thru one of lenders to see how long it will take you to qualify for a conventional or FHA mortgage.
How Much Down Payment Do I Need?
We are very flexible with down payment. We can offer you many options, and we will always do our best to work with whatever funds you have available. You can even start out on a rent to own, or lease option, and then move to owner financing at a later date when you have the additional money.
Do you offer Credit Repair: Yes! Credit Repair and Score Boost is handled by our Partners at Lexington Law. Click For More Infomation
Do You Offer Down Payment Assistance Programs?
Yes we do. A lot of times if you are a bit short on down payment we can set up a monthly payment plan spread out over 6-12 months.
What Other Methods Of Down Payment Are Accepted?
Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment you can use that in our program. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties.
How Does Your Rent to Own , Lease Purchase, and Lease Option Programs Work?
We can lease you the home with the exclusive right to purchase it at a later date. Our buyers love our programs because it gives them time to save up for a larger down payment; time to clean up past credit problems, time to sell another home, and also time to try out the neighborhood before buying. We are obligated to sell to you, however you are not obligated to buy. 100% of your option fee is credited towards the purchase price of the home, plus you may be eligible to receive a credit of the monthly payment towards the purchase price every month you pay your lease on time.
What Is The Interest Rate On Your Owner Financing?
We are flexible with our terms to meet your needs. Typical interest rates range from 7.5% to 16% depending on down payment and application. All credit is accepted and applications are necessary to verify income, affordability and employment.
We offer Rent to Own homes and For Sale by Owner with owner financing where we can sell you the home. We must get you pre-approved thru one of lenders to see how long it will take you to qualify for a conventional or FHA mortgage.
How Much Down Payment Do I Need?
We are very flexible with down payment. We can offer you many options, and we will always do our best to work with whatever funds you have available. You can even start out on a rent to own, or lease option, and then move to owner financing at a later date when you have the additional money.
Do you offer Credit Repair: Yes! Credit Repair and Score Boost is handled by our Partners at Lexington Law. Click For More Infomation
Do You Offer Down Payment Assistance Programs?
Yes we do. A lot of times if you are a bit short on down payment we can set up a monthly payment plan spread out over 6-12 months.
What Other Methods Of Down Payment Are Accepted?
Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment you can use that in our program. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties.
How Does Your Rent to Own , Lease Purchase, and Lease Option Programs Work?
We can lease you the home with the exclusive right to purchase it at a later date. Our buyers love our programs because it gives them time to save up for a larger down payment; time to clean up past credit problems, time to sell another home, and also time to try out the neighborhood before buying. We are obligated to sell to you, however you are not obligated to buy. 100% of your option fee is credited towards the purchase price of the home, plus you may be eligible to receive a credit of the monthly payment towards the purchase price every month you pay your lease on time.
What Is The Interest Rate On Your Owner Financing?
We are flexible with our terms to meet your needs. Typical interest rates range from 7.5% to 16% depending on down payment and application. All credit is accepted and applications are necessary to verify income, affordability and employment.
