Perks Of Buying A House In Omaha And Council Bluffs With A Rent To Own Agreement

Perks of Buying a House in Omaha and Council Bluffs With a Rent to Own Agreement
Harter Investments: Sell My House Fast In Omaha or Council Bluffs. We Buy Houses. Call 402-939-6556 or www.harterinvestments.com

Most homebuyers in Omaha and Council Bluffs require a mortgage loan to purchase a home, and many find the qualifications for approval challenging to attain. Circumstances beyond our control often derail the best of plans and leave potential homebuyers in Council Bluffs and Omaha with less than a healthy credit score or an empty savings account. However, with careful planning and patience, these would-be homeowners can take steps to meet the lender’s approval as they continue to pay rent and work towards their goals. 

Rent-to-own agreements offer an alternative that allows all of the benefits of owning your own home and contributes to your standing with lenders financially, improving your odds for loan approval. Read on as we explore these perks of buying a house in Omaha and Council Bluffs with a rent-to-own agreement.

No Waiting

An attractive perk of buying a house in Omaha and Council Bluffs with a rent to own agreement is the privacy and control of homeownership, instead of spending a few more years renting as you work towards qualifying for a mortgage loan. Rent-to-own agreements allow you to enjoy all of the benefits of homeownership under the terms of a lease option contract for one to three years, most commonly.

Credit Repair

Qualifying for a mortgage loan is fraught with requirements, one of them being specified credit scores and housing expense ratios. However, if you don’t quite have your credit rating ducks all in a row, one of the perks of buying a house in Omaha and Council Bluffs with a rent-to-own agreement is the time allowance for you to repair any credit issues.

Down

Another perk of buying a house in Omaha and Council Bluffs with a rent-to-own agreement is the opportunity to build equity for a qualifying down with a lender. While you’ll pay higher than average rent in most of these agreements, a portion of the rent applies as a credit towards the down.  In addition, while the agreed-upon price for the property is commonly above the current market value, home values often increase enough over the time of the contract to allow for some instant equity when you purchase the property outright. 

Investing

The next perk of buying a house in Omaha and Council Bluffs with a rent-to-own agreement is that you benefit from the payments you make, investing in your future instead of paying off your landlord’s mortgage as a renter. In addition, if the purchase price is below market value will further improve your standings with the lender when you apply for your mortgage.

Lease-Options 

The lease-option contract is another perk of buying a house in Omaha and Council Bluffs with a rent-to-own agreement. If you would prefer to test drive the home to ensure you’ll be happy as a long-time owner, this agreement gives you the right to buy the property when your lease expires however, there is no obligation to purchase the house as you’d have with a lease-purchase contract.

At Harter Investments, our experienced team can help you understand all of the perks of buying a house in Omaha and Council Bluffs with a rent-to-own agreement. Talk to a trusted expert from Harter Investments today, we buy houses in Omaha and Council Bluffs and we’ll stop everything and listen to you so that we clearly understand your state of affairs and provide you with the resources to jump over the hurdles standing in your way with ease. 

Why not let the professional direct cash home buyer in Omaha and Council Bluffs at Harter Investments help you enjoy the pride of ownership and the stability owning a home provides? Then, let Harter Investments help you locate the right home for your budget and analyze your financing options, so you can start living the dream of homeownership today. Don’t forget to ask about our current inventory of the best rent-to-own homes available in Omaha and Council Bluffs. Just call a professional direct cash home buyer in Council Bluffs and Omaha Harter Investments at 402-939-6556 or send us a message today or visit us at www.harterinvestments.com!

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