Rising Arizona Home Market Sparks Interest in Rent to Own and Lease Option Home Purchase Programs

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With the fast growth and rising home prices in Arizona it has sparked interest in the lease option, rent to own type programs. Heavy relocation and business growth is given the most credit for the changes. With a Lease Option there is no qualifying necessary, so people with any type of credit are approved. This is great for people that have been turned down for a home loan in the past. These programs let you get on the road to home ownership with no qualifying and very little money down!!

Rising prices of Arizona homes have created a favorable atmosphere for the Rent to own home seller. Rent to own homes have long been thought of as a workaround for those with credit issues, low down payment funds, or self employed. All of these variables make it hard for the rent to own buyer to acquire conventional funding. This is the basis of the standard rent to own market, and what has created the industry.

The game in rent to own has changed for some investors, and more so for homebuyers looking at this option. With a handful of markets growing in value at extreme rates, rent to own has changed in complexion, let me show you how.

When you rent to own or lease purchase a home, you come in with a 2-4K Option fee, and you lock in an equity split for the home. You pay like a tenant for a period of 1 or 2 years, and the rent has a percentage levied against the balance. This retained money, option fee and equity split will only go towards purchase if you exercise your option.

Arizona is in a phase of particular growth, and this new advantage has spawned a lot of opportunity for rent to own buyers. If you are able to find an honest good deal, then you will likely have a great deal on your hands once two years passes.

The advice we give to make sure this advantage leans in your favor is to research the area and know its future development. The addition of nearby malls, theaters, parks, or quality housing can be the key to a nice price when it comes time to buy.

Arizona is just one place that rent to own works for buyers, look into it in your city if the market is strong, and use it to lock in a price now and build equity today.

Great site showing Arizona homes for sale and Lease Option information-


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Paul Netskrill

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