What is Rent-To-Own?

By
Real Estate Broker/Owner with Dennis J. Zisa & Associates, Inc. License # 8836971

What is Rent-To-Own?

"Rent to Own", otherwise known as "renting with the option to buy", is a technique where the tenant, in addition to a lease, is given the right or "option" to purchase the property at some point in the future.

Here at Dennis J. Zisa & Associates, we utilize this technique in order to accommodate those who wish to own a particular home on a seller financed installment sale, but do not have the required down payment ($3,000-$6,000) which is needed for an installment sale purchase.

With Rent-To-Own, you move into the home like you would any other rental, with just the 1st months rent and security deposit. Then over the course of the first 12 months of your lease, you have the opportunity to accumulate rent credits and "good tenant rebate" credits which, when put together with your security deposit, make up the full down payment required to own the home on an installment sale purchase.

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Rainmaker
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Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Dennis- I'm glad to see more individuals who recognized a need and are providing could representation. 

Aug 01, 2011 10:31 AM #1
Rainmaker
347,101
Dennis J. Zisa & Associates, Inc.
Dennis J. Zisa & Associates, Inc. - Camden, NJ
29 years in So. Jersey and the Greater Camden area

Thanks, Adrian. We operate in a challenging market, to say the least, and in order to be successful, we need a marketing  arsonal that includes the widest range of options.

Aug 03, 2011 06:58 AM #2
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Rainmaker
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Dennis J. Zisa & Associates, Inc.

29 years in So. Jersey and the Greater Camden area
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