Rent to own is increasingly becoming a preferred option among home buyers.
There are a number of reasons for this:
- Perhaps the best known reason is: renting to own allows you to get into a house sooner — the house you’re eventually going to own — while you save up money to pay for the house.
- And, rent to own allows you to get into a house even if you have bad credit, so many people with bruised credit scores like this as a way to put their family in a nice home without the hardship of having to rent a cramped apartment while they work on their credit.
- Renting first before buying allows you to “try out” a house before you actually buy it, thus helping you know for sure if it’s the house you want.
- In recent times, many home buyers (even those with great credit) are finding it harder to get conventional mortgages. This has led to a rise in people buying homes “rent to own”.
So people love rent to own! When talking about buying a home using the “rent to own” method, we often hear; “But my credit is bad, where can I find rent to own homes in Colorado Springs, and can Ieven qualify?”.
Rent to own information for those in Colorado Springs with bad credit
Even if you have bad credit, owning a home has never been easier with this powerful home ownership strategy. You can rent your way into home ownership easily and without the hassles of apartment living!
In most cases, your credit has much less impact on how you can acquire a property. Often, you just need proof of steady income.
Depending on the agreement and the situation, you may need a down payment now, or, some of your rent may go toward a down payment in the future, or, you may need to work on your credit while you live in the house so you can eventually get a mortgage. It all depends on the rent to own situation and it differs with every agreement.
If you’re interested in learning more about our program and available properties, we’re here to help. We can look at your specific situation and walk you through the entire process. Give us a call at 719-548-4755 and we’ll be happy to work with you to help you understand the next steps.
Now that you know some of your options, let’s get to the big question…
Where can I find rent to own homes in Colorado Springs CO?
There are a few offline avenues, such as: checking the classified section of the newspaper (both in the ‘for rent’ and ‘for sale’ sections), calling on “For Rent” signs and asking if the owner would be open to letting you ‘rent to own’ their property, and calling the number on “We Buy Houses” signs to see if they also sell houses.
A much easier way to find these homes, though, is to look online. There is plenty of rent to own information in Colorado Springs available. You can search Craigslist, or even simply Google “rent to own” in your city. You could also give us a call at 719-548-4755, and we will tell you about our available homes.
Want to find the best source for rent to own homes in Colorado Springs? We can help.Give us a call at 719-548-4755 or fill out our online form, and we will get back to you.