Find hundreds of rent to own homes Dallas TX able to fit any budget or credit level. There are hundreds of options, and practically all of them are available to you! Whether you’re a first-time homeowner or looking for a new place this page will show you how to get a home you can afford and live in forever.
Commonly Ask Rent To Own homes Dallas Questions
4 BEDROOM HOMES AVAILABLE STARTING AT $695/MONTH
How do rent to own homes Dallas work?
Homebuyercreator.com and a number of large private investors have started purchasing homes and leasing it to potential homeowners for 1-3 years. At any time you can use your right to buy the home. All homes in Dallas can become rent to own homes Dallas provided it is in a good school district. And who doesn’t want to live in a good school district anyway? There are sometimes eligibility criteria and restrictions, but you can either call us at (713) 268-0895 or visit our contact us page any time you have questions or when you are ready to start the process.
What if my credit is bad?
Do you have bad or no credit? No problem! There are still thousands of options available to you. Just call us at (713) 268-0895 or visit our contact us page and we will walk you through the rent to own homes Dallas step by step.
Do I have the money for this? How can I know?
There isn’t one set price for this program or rent to own homes Dallas. A few of the things that affect cost are what home you are approved for, where the home is, and the program length, but there are other issues that could affect the price. Our biggest recommendation is to get your 100% risk-free consultation. The worst you can do is ask! One thing we can promise is that prices are completely reasonable for a rent to own program.
How do I know this is legitimate?
We have helped thousands come to own homes. Some of these are probably your friends and neighbors. If you don’t know anyone personally, there’s plenty of client testimonials to go around. There are no fees either monthly or when you apply, we are paid by our investment group for referring you, so that our focus can be on getting you the best home rather than taking your money.
How Do I know if rent to own homes Dallas is a good fit for me?
If you’re having trouble securing a down payment or getting a mortgage this may be a good fit for you. Our consult team can talk you through all your options, and while we’re convinced many of you will choose rent to own, if it’s not for you we’ll be sure to let you know.
BAD CREDIT, NO CREDIT OK
Is this rent to own by owner?
No, this is direct to you through us and the investors. That’s positive because you can choose just about any home on the market, rather than one’s owners are looking to rent. Some restrictions apply, so be sure to call our consult team for more information.
How does this work?
The first step is to call us and make sure you are eligible for rent to own homes Dallas. Luckily, the vast majority of people are approved. Next, there are a few common documents before we get you set up with a local real estate professional that knows the program. They will take you through finding the right home for you, and we will close the deal and tell you how soon you can move in.
How did this start?
Before the housing crisis of 2007/2008, there were many less rent to own homes Dallas, and those that did exist were rent to own by owner. But with a great increase in foreclosures, there had to be some changes in the system in order to get these homes sold. This began investors buying homes and doing a rent to own program, and today there are hundreds of rent to own homes Dallas and elsewhere.
Are these Craigslist homes?
No, our homes are not affiliated with any home on Craigslist. We’re much more legitimate.
Are there rent to own homes anywhere else?
Yes, there are homes throughout Texas. This means if you don’t care where you settle or want to settle somewhere else you’ll still have plenty of options. This means we can find the perfect home for you. There are city and suburban homes, big yards and beautiful decks, and different numbers of bedrooms and bathrooms.
How much are down payments?
For many homes, there isn’t a down payment at all. You will still have hundreds of options if you cannot afford a down payment, or, if you have a little saved, you will not have to pay as much as you would if you were getting a mortgage.
How long does this take?
Typically between 30-90 days, but there are factors to this. It is most common that people get to move into their new homes at the 60-day mark.
4 BEDROOM HOMES STARTING AT $697/MONTH
Why Rent To Own Homes Dallas is a good option
Generally, simply renting means that anyone can buy the home. Rent to own by owners is rare, and you are at the mercy of the owner. Through us, you can pick practically any home, have no down payment, and begin stocking up on money and good credit for when you’re ready to buy. The best part? It’s your home, and no one else can buy it out from under you.
To be fair, there is a bit more work put in to rent to own than just renting, but everyone who has ever rented has probably had someone tell them that they are wasting money when they should be able to save up to buy. This is one way that you can rent and still have the option of buying in the long run. This also means if you get a home and then find out it’s not everything you dreamed of you don’t have to go through the process of buying one, just wait out your lease.
Leases are generally 1-3 years. For that time the home is taken off the market. In some cases, some of the rent can go towards the down payment, but that depends on the plan, so be sure to talk to our consulting team so you understand it clearly.
This is much different from a mortgage, and less stringent, but you can be in the home of your dreams now and start saving in comfort rather than your parent’s basement.
You may already know a home you want, and if so, there’s a good likelihood it is available to you now, no down payment required. Also, for many of these homes, you’re not responsible for maintenance. This means during your lease period you will get to see the problems in the home and get them fixed, but not on your dime. It’s a great trial period. This also makes sure you can’t be renting a house and then suddenly hear that it is no longer yours.
Not only does this let you save up for a mortgage and down payment, but you do not have to pay property taxes till you own the home– so not in the lease period.
There are two main choices when it comes to lease agreements: lease-option and lease-purchase. Option means you can decide whether or not you want to buy the rent to own homes Dallas. You can lease it, and then decide that home isn’t the right choice for you at this time.
Lease-purchase means you are agreeing to purchase the home. This can set you up well in the long run, with the option to put some rent towards a down payment, but with lease-purchase, you often must purchase the house, whether you have the money for it or not.
There are two ways the value of the home can be decided in lease-purchase. You can agree to the cost of the home at the start of the lease, or you can wait and decide on a price at the end. Which is a better deal depends on a lot of different factors that cannot be adequately explained here, but we would be happy to help you choose one that’s right for you, your family and your home.
How To Know If You Qualify
There are a few things that are involved in whether or not you qualify, but practically everyone does. Here are the basics.
You must have some sort of income. This can but does not have to include work, self-employment, SSI, or other forms of money you get to pay your bills. You must be able to afford the rent. It is worth noting that the real estate professional does not have information about all your bills. Simply because you can afford rent does not mean you will afford all your other bills as well. This is a chance to up your credit score, but only if you can pay rent in conjunction with your other bills.
You also may have to be able to pay an option fee, which gives you the option to buy later on. This is on picking a house however, do not trust anyone who asks for a fee in helping you find a home.
Before You Sign A Contract
On top of talking to our consulting team, it can be smart to show the contract to a lawyer well versed in these matters. Contracts are complicated things, and once it’s signed it generally has to be stuck to. We will be willing to help you, but we trust our work well enough to say they will not find anything horrible by looking into it, the only possibility being the contract is not best for you at this time.
3 BEDROOM HOMES STARTING AT $497/MONTH
Sarah and Ben
Here’s a quick sample story. Sarah recently became pregnant, and a one-room apartment didn’t seem like a good plan, especially since they wanted more kids. Sarah started looking over homes online but wasn’t able to find one they could afford. Right after finishing college it took them both a while to find a job, and they missed a few bills. Because of this, their credit wasn’t the best.
But while searching, Sarah found homebuyercreator.com. It could get them into a home now, with the possibility of buying the exact same home they had been renting. She called for a 100% risk-free consultation, and as they talked it over it seemed like a great fit. When she explained it to Ben they decided to start right away so they had time to set up a nursery before the baby came.
They got set up with a local real estate agent and were shown home after home. They fell in love with a three-bedroom home for $495 a month. They decided they definitely wanted to buy it, so they did a lease-purchase. They knew it was a better fit for them, because it meant that part of their rent went towards buying the home in the future. It made it clear to them that they were not wasting their money. The price given to buy the home was something they planned on being able to afford after their 3-year lease, so they decided to take that price. They could’ve waited and agreed to whatever price came at the end, but that seemed like a bit of a gamble and they wanted to be positive they wouldn’t be stuck with a bill they couldn’t afford. They showed the contract to a lawyer and she found no issues at all.
They moved in in less than two months. Maintenance was done for them as needed, with no cost of labor on their part, and within three years the home was theirs.
How You Get This All Started
Go to our contact page or call us at (713) 268-0895. Our staff is available from 9 am-6 pm CST from Monday to Friday. We would be happy to help you in any way we can! Get into your new, perfect to own home, today.
If Rent to Own Houses sound like a good option for you then please be sure to request a home-buyer consultation or call us at (713) 268-0895 Mon-Fri between 9am-6pm CST.