Renters Feeling the Squeeze

By
Real Estate Agent with HomeSmart Realty FA100038258

According to an article published by NAR, Rental rates are on the rise. Nowhere is that more apparent than in the Denver Metro area. According to a recent report, rents are up nearly 25% from a year ago. So, what to do?  

Why not try rent to own? We have a program that allows you to pick virtually ANY home. We say "If it's LISTED, you can LEASE it." Just a 3 month rent deposit down is all you need. Lock in your price and lease with an option to buy for up to 5 years! If you decide you don't want to purchase the home, no problem. Your deposit will be deducted the amount for any damage deposit. Imperfect credit? No problem. All you need is a 525 FICO score to qualify. Past BK, foreclosure, and short sale is accepted (cannot currently be in BK). If you would like more information, you can call 720.432.4RENT (4736) or go online to www.RentToOwnDenverHomes.com to learn more. 

Comments (10)

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

What happens if, after 5 years, the house has appreciated 15% and the seller want's a higher price???

What happens if the price increases and the buyer can qualify.

Apr 08, 2015 06:00 AM
Bryon Self
HomeSmart Realty - Castle Rock, CO
Bringing the American Dream HOME

Lenn, great questions. If the house appreciates, the equity is the buyers to keep. The sales price for the next 5 years is already agreed upon. If the renter/buyer does not qualify, then they vacate the property and they get the deposit back less any damages. 

Apr 08, 2015 06:04 AM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Interesting.  Not sure many sellers would want to wait for 5 years -- and how would one predict the price 5 years from now??? 

Apr 11, 2015 02:50 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I feel like it all goes in cycles and we have another maybe two years of weirdness in that sense.

Apr 11, 2015 03:11 PM
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

Bryan We have seen rental rates rise across metro Detroit too.

Apr 11, 2015 09:05 PM
Jim Joeriman
Coldwell Banker Riviera Realty, Inc - Lacey Township, NJ
Helping Agents Reach New Heights

In my market there is a shortage of rental houses.  Rents have gone up, but the tenants can't afford the rent and default.  Housing has always lead us out of recession, and more focus Ned's to be placed on getting first time homeowners back in their own homes.  That will fix the economy and the rental imbalance.

Apr 11, 2015 09:25 PM
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Yes, that's yet one more reason to buy than rent.  The bottom line is you have to pay a mortgage.  Either you pay your own or pay your landlord's.  Choice is yours!!!

Apr 11, 2015 09:38 PM
Odaly Victorio
Team Victorious at Keller Williams Realty - Jupiter, FL
Marketing Expert

Rental rates have been increasing steadily.  I have worked with many desperate families who just can afford to buy, but their choices in rentals are diminishing too.  I like your approach.

Apr 12, 2015 12:15 AM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I hope you don't base your investment strategy on this. My REALTOR® friends in Denver are telling me that they are selling homes in a matter of weeks with multiple offers. I have sewn this tried for the last 26 years and I believe it benefits neither the seller or buyer. To lock into one house destroys the idea of mobility in this country that someone will stick to a house for that length. I will tell you who loves this and that is property managers you could care less about either party and want the income. 

Apr 12, 2015 01:05 AM
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Arizona just tightened up a lot of the laws governing Lease to Own's here and it's made it harder for this to be an option. 

Apr 12, 2015 01:12 AM