Rent-to-Own Frequently Asked Questions

Answer: Most likely, yes.  Depending on how much you can afford as a down payment and just how bad your credit is, we may still be able to get you in a property.  We can put you in touch with a Credit Repair Specialist who can assist you in finding a credit solution. 

Question: What is Lease Option or Rent To Own?

Answer: A lease option or Rent To Own is essentially a purchase contract combined with a rental agreement. The buyer leases the property for a specified period of time and then has the option of purchasing the property before the end of the lease agreement. Sales price, length of rental, closing costs, and maintenance are all negotiated much the same as a conventional real estate transaction. A lease option, if properly utilized, is both a seller and a buyer’s dream come true because it can eliminate many of the negatives normally attributed to the selling and buying of a home.

Question: How long does it take before I own the Property?

Answer: That can depend on a number of different factors. We work with many mortgage brokers that are usually able to get most people financed after they have paid for 24-36 months on the lease option. Since everyone’s credit history and circumstances vary, that time period can be shorter or longer to be eventually put into the home.

We are experienced real estate investors in DMV area, Maryland and specialize in off-market properties.

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