Why Should You Rent to Own?

A main advantage of a rent-to-own agreement is that it gives the buyer a chance to "try out" the house with no obligation to purchase while progressively turning your rent into a downpayment. You can get to know your neighborhood while building a history of payments improving your credit rating and also your chances to qualify for a conventional mortgage.

Other reasons for considering renting-to-own a home:

Allows a potential buyer who may not have the capital needed to buy a house

If you find something seriously wrong with the house, you can walk away from the contract.

During the rental period, the owner is still responsible for repairs, upgrades and regular maintenance of the home.

A rent-to-own locks in the purchase price but you get to enjoy home appreciation right away.

You can maintain privacy while renting since you’re not listed as the purchaser on any public records until the closing takes place.

Renting the home you eventually buy reduces the cost and inconvenience of moving after a few years.

How Rent to Own Works

Rent To Own Steps
Rent To Own Steps
Rent To Own Steps
Rent To Own Steps

Properties

RentOwnHomes Pro offers a variety of properties so you are sure to find your dream home. Detailed information is provided for thousands of listings. You are able to learn about the property history, neighborhood, the schools, crime index, and much more. Here are three new listings in your area:

property1

$1,895/month

 1955 Magic Drive
Ogden UT 84444

Exquisite Single Family Home

Home is in a good school district. Open space, air conditioning, great floor plan! Spacious backyward with well maintained lawn..

→ 1,350 sqft
 3 Bedrooms
  2 Baths
 3-Car Garage

More details
property2

$1,689/month

 2013 Happy Lane
South Ogden, UT 84000

Spacious Home with Great Park Views

Paved walkways and wooden cabinetry. This home is located on a tree lined street in a quiet cul-de-sac. Lots of trees and plenty of space for your kids.

→ 1,860 sqft
 3 Bedrooms
  3 Baths
 2-Car Garage

More details
property3

$2,150/month

 1994 Easy Street
North Ogden UT 84414

Modern Home with All the Amenities

Updated kitchen and granite countertops perfect for entertaining your family and guests. Working fireplace and ceiling fans to save on electricity.

→ 2,860 Sqft
 4 Bedrooms
  4 Baths
 2-Car Garage

More details


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Frequently Asked Questions:

The rent-to-own process can create many emotions and feelings. One of the best ways to ensure the process is not overwhelming is to be well educated and properly prepared for the process. Here are the top frequently asked questions about renting to own a home.

Having a less-than-stellar credit score can get in the way of many things, including home ownership. However, bad credit does not mean you can't get the home of your dreams. The good thing about a rent to own agreement is that you can move into a house right away, with several years to work on improving your credit score and/or saving for a down payment.

Typically, in a rent-to-own agreement, the tenant/potential buyer can move into a house right away. But It's not as simple as paying rent and then one day owning the home. There are different terms and conditions which must be met, in accordance with the negotiated agreement.

No, unfortunately the down payment and monthly rent is nonrefundable.

The seller maintains full insurance and pays the property taxes, HOA dues and other necessary fees.

Most properties will allow you to have pets, but is specified in the agreements. Sometimes sellers will ask for "pet rent" to be added to the monthly rent. "Pet rent" can vary from $5-20 per month.

Most of the time, furniture isn’t included with a lease/option purchase. Generally, the basic appliances are there – like a refrigerator, stove, oven, and sometimes extras, like a dishwasher, a washer and a dryer. Parts of a property that are installed or attached – like the heating system and air conditioning – are definitely included.



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