Buy or Sell a Home| Real Estate Pr

There are lots of reasons today that many people find themselves in a situation in which their credit has suffered. And this has forced many people to end up renting a home, thinking that they cannot buy a home.

If you find yourself in this situation, let me show you how you can buy your own home, fix your credit and stop wasting your money on rent. Most buyers have never heard of rent to own homes. This is often the best way for many to buy a home and build equity. Here is how it works.

The best way to get started is to contact a company that specializes in the rent to own process. These companies are usually not realtors. But they often either have a list of available homes or can even take your wishes and go find a home for you. Look for companies that will work with you to get qualified for a mortgage by helping you improve your credit score. Don't work with someone who just wants to take your money without assisting you in actually buying the home.

Once you have found a company you feel comfortable with and have found a home that you like, you first pay a nonrefundable option fee that will be applied to the final purchase price of the home. You then rent the home for a year or two, while you work with your rent-to-own company to improve your credit and get approved for a mortgage to buy the home.

Just note that it is important to work with a rent-to-own company has relationships with a large number of banks and mortgage companies so you have the best programs and more options available to you.

As soon as you get your mortgage approval while working with your rent-own-company you can, you can then buy the home at the previously agreed upon price. You now own your home, you have improved your credit and have had help getting there. And you got to move a lot sooner.

As you can see, a rent-to-own arrangement is perfect for people with less than perfect credit who want who want to stop throwing their money away month after month by renting an apartment or house, and start building equity by purchasing a home of their own.