Buying a rent to own home in Snellville Georgia will help you purchase your dream home even if you arent quite ready today. In our latest post we will offer guidance on what you can expect during the process so you dont find yourself stuck with any surprises. What do Sellers Think About Rent To Own Homes Smart sellers all over the Snellville area are discovering how selling via a rent to own contract can be beneficial for both buyers and sellers. By using a rent to own contract the seller opens up the door to all kinds of new potential buyers. In turn buyers will be able to put down roots with time to save up and restore their credit. The risks of a rent to own agreement are often highlighted but when all goes to plan the process can be beneficial for everyone involved. How It Works The terms of a rent to own contract can vary based on what is agreed upon by the buyer and seller. That said the general process is pretty standard. The buyer and seller will enter into an agreement stating the tenant will lease the house for a specific period of time purchasing the property outright once the lease is up. While any amount of time may be agreed upon the tenant will usually rent for about 2 years. This allows the buyer time to prepare financially. and get their credit in order if needed. If you arent confident you will be able to do this in the two years provided a rent to own contract isnt for you.However if you are confident you will be able to buy at the end of the lease a rent to own contract may be very beneficial for you in the long run. During the rental period the tenant will usually pay an increased rent with a portion of it going toward the down payment on the home. There will be a payment upfront to secure the tenants intent to purchase the home. If they should default the owner will be able to keep the deposit and increased rent paid. If the tenant should fulfill their lease obligation they will then be able to buy the house at the predetermined price. Most of the time prices are agreed upon before the lease is signed. This can be beneficial for you should the market go up before the sale is final. Pros and Cons While buying a rent to own property is the perfect choice for some buyers others will experience disappointment at their inability to qualify for a traditional mortgage right away. There are many other pros and cons too including The Good Youll have a sense of pride knowing that someday soon that house will be yours You will have a chance to save money and repair your credit Youll be able to begin putting down roots right away You wont miss out on the home of your dreams Youll build equity instead of just renting Locking in todays price will save you money The Bad You might be paying higher than average rent Something could go wrong with the house after you move in All in all using a rent to own contract to buy a house in market_city] can be beneficial to both the buyer and seller. Before signing any contracts make sure all the details are covered. Youll want to include contingencies in case something goes majorly wrong with the home. You dont want to be obligated to buy a house with mold problems or something similar. To learn more about buying a rent to own home in Snellville reach out to us today! 678-337-1165 https://twitter.com/RentToOwnHomAtl https://www.facebook.com/FreshStartHomeSales/ https://freshstarthomesales.blogspot.com/ https://sites.google.com/site/freshstarthomesales/ https://www.youtube.com/c/FreshStartHomeSalesSnellville http://www.pearltrees.com/freshstarthomesales https://s3.amazonaws.com/freshstarthomesales30078/index.html https://FreshStartHomeSales.business.site https://youtu.be/S18Mzr2OXLU The post What To Expect When Buying A Rent To Own Home In Snellville appeared first on Fresh Start Home Sales. via Blog Fresh Start Home Sales https://www.freshstarthomesales.com/what-to-expect-when-buying-a-rent-to-own-home-in-snellville-ga/