Rent To Own Terms

The Renter's Guide to Getting a Great Rent-to-Own Deal

Are you in the market for a new home, but not ready to take the plunge and buy? Renting to own might be the perfect solution for you. It's a great way to test out a neighborhood without committing to it long-term. But before signing on the dotted line, it's important to understand exactly how rent-to-own works so that you can get the best deal possible. Read on for our guide on getting a great rent-to-own deal!

We take your privacy seriously. By clicking Submit I confirm that I am a U.S. resident over the age of 18, I agree to the Terms of Service and Privacy Policy, and I agree to receive offers via email from Rent To Own Terms and these MARKETING PARTNERS. I also agree to be contacted by Rent To Own Terms and these MARKETING PARTNERS at the phone number I provided above via pre-recorded and/or automated telephone calls and/or text messages even if my number is listed on a Do Not Call list and I understand this consent is not a condition of purchase. Message/data rates may apply. Reply HELP at any time, or STOP to opt-out.

Know What You Want

Before you start looking at rent-to-own homes, it’s important to know what your must-haves are. Do you need a certain number of bedrooms or bathrooms? Are there any amenities such as an outdoor pool or garage that you absolutely must have? Knowing what your “non-negotiables” are will help narrow down your search and make sure that you don't end up settling for something less than what you want in the long run.

Do Your Research

It pays to do your research when looking for a rent-to-own home. Talk to real estate agents who specialize in rent-to-own properties and ask them about recent deals they’ve closed. This will give you an idea of current market prices and what kind of deals other people are getting. You should also read online reviews of both homeowners and tenants who have gone through the rent-to-own process so that you can get an idea of their experiences with particular landlords or neighborhoods.

Negotiate

Once you find the right property, don’t be afraid to negotiate! This is especially true if there are any repairs needed or if there isn't much competition for the property (ie: no one else is vying for it). Ask about lowering the price, extending deadlines, reducing monthly payments, etc. Be persistent and don't be afraid to walk away if need be—remember that there are other houses out there!

Finding a great rent-to-own deal doesn't have to be hard—it just takes some knowledge and negotiation skills! Start by knowing what kind of house you want and doing your research on both current market prices as well as past tenant experiences with particular landlords or neighborhoods. Lastly, don't forget to negotiate—you never know until you try! With this guide in hand, we hope that finding your perfect rent-to-own home will be smooth sailing ahead!