Locating A Rent To Own Home

Locating a Rent To Own home can be accomplished using several different methods. The Internet, local realtors, and classifieds are probably the three most common methods.

The Internet

It has been estimated that over 80% of people that are in the market for a home browse the Internet for information before they physically go shopping for homes. Many realtors provide access to the local Multiple Listing Service (MLS) through their web site. Some provide only their listings others give you access to all of the listings available. Other Internet resources are search engines such as Google and Yahoo, online classifieds like craigslist.org, kijiji.com and backpage.com.

Local Realtors

Local realtors can also be a good resource. They can provide you with access to the local MLS listings, screen prospective sellers for their willingness to sell on a Rent To Own basis, gain access to homes for showing purposes, and help negotiate the sale for you. Finding a local realtor is easy. The difficult part is finding a local realtor that is knowledgeable about the Rent To Own and Lease Purchase process.

Classifieds

The classifieds section of your local newspaper and specialized real estate publications are another commonly used way to locate and preview homes for sale in your area. They can give you a general idea of pricing, pictures, and location. Rent To Own homes compromise a small percentage of the homes listed in these publications.

All of the above methods are a great place to start when looking for a Rent To Own home. At some point you will want to narrow your choices and negotiate a rent to own agreement with a seller. Before you begin this process there are a few things that you should know.