Rent to Own in Bismarck & Mandan
Believe it or not, it is still possible to rent-to-own a home in the Bismarck and Mandan market. What is rent to own? Rent to own is an option where individuals are allowed to move into the property they wish to purchase and pay monthly until they are "approved" to purchase the home through a bank. In many cases individuals who this strategy works out really well for are NEW BUSINESS OWNERS and individuals and couples REPAIRING CREDIT.
Rent to own has two basic components:
1. Down Payment: Because the seller is taking some risk that you may not buy the property, they need a down payment. This is typically 5% or $5000 depending on purchase price. This way they know you are serious and won't back out.
2. Pre-Pre Approval: As most rent-to-own scenarios can't qualify for normal financing for 12-60 months, they can and should be working with a lender to get them ready for a loan. This may mean setting goals to improve credit, start credit, pay down debts, or have past issues removed from their credit. While working with these lenders, you can get a conditional approval meaning that once your credit is repaired or started, they would approve you.
With your down payment and a solid plan to get you qualified for a loan, you are ready to hook up with a rent-to-own specialist in your area. If you are looking for one in Bismarck, Mandan, Minot or Fargo (and pretty much anywhere in between) check out https://setyourrent.com/ . These guys specialize in getting you set up for success and into your next home before you can get the loan.
Once you are approved with the Set Your Rent guys, you call me for Bismarck, Mandan and surrounding communities. Together, we know your purchase price and can start finding you your dream house. If you're not from this area, do not fret! There are plenty of other agents and investors who can help you around the country.
So how does it all finish?
Once we have found you a home, the Set Your Rent team will purchase the home and hold your lease until you are able to buy the home outright. At that point you buy it from them. The best part is you know the terms ahead of time! You know what your rent will be and what the purchase price will be. No surprises, no gimmicks. After you purchase the home, it is 100% yours.
Rent to own strategies are not for everyone but if you want your own home to live in and enjoy, this can allow you to get into your dream home 1-5 years earlier than if you waited.
If you have questions, please message me or call. This strategy does require money down and a stable income, but it can truly help you get into a home a heck of a lot sooner!
I look forward to helping you!
P.S. If you know you have good income and will want to get qualified right away, click HERE!
Looking for a home is exciting and nerve wracking. While sitting in your apartment, it's so easy to pop on Zillow.com or Realtor.com and see all the pretty homes for sale. Maybe you've dreamed of a large yard, or customizing your home with paint and flooring, or maybe your inner decorator wants to come out and splurge at Hobby Lobby.
We all have dream homes, lawns, garages, kitchens and more. There seems to be a common problem many of my clients run into that holds them back from buying their first home. THEY ARE STUCK IN A LEASE. Because they are tied up for 3-12 months, my clients don't start the home buying process.
Did you know I can help you with that as your Realtor?
Yes you are in a lease, but that does not mean you are trapped. There are lenders and a few agents (..ME) who are willing to help assist your home buying and 're-lease' you from your current lease. Now that doesn't mean I can just snap my fingers and break your lease. It does mean we have strategies to help get you into your new home.
As every property manager and management company has different leases, it's not a fits-all-sizes strategy. Neither is finding you the right house. Instead, I offer you a FREE VIDEO CALL. Through this call I'll be able to learn about you, your lease, and why you're looking for a home of your own. For this call, I just ask you have a copy of your lease or know when it expires.
From there we start you down the home purchase process:
1. Get Pre-Approved by a lender - There are a few lenders willing to help you get out of your lease too!
2. Figure Out Needs Vs Wants - How many bedrooms, garage or not, fenced yard? What is necessary vs wanted.
3. Hire a Great Agent - We can get you into any listed home on the market, answer your questions, and give you direct access to the MLS where all the homes' info reside
4. Start Looking! - Pictures are great but we have to get you inside to see, touch, smell, and more.
After this we find you the home of your dreams! There are a few more steps in the actual purchase phase, but I will be there to help you through that part. The MOST important part is we have solutions to get you out of your lease EARLY.
So if you are ready to learn how we can get you into a home SOONER, please call or click this LINK for my email, phone, and a quick form.
We have solutions. Don't feel trapped. We're here for you!
Click HERE to listen to this week's market minute about mobile homes. Also go to www.billdeanblog.com for further analysis and charts.
Bismarck-Mandan's Housing Market Blog has moved!!! Check out http://billdeanblog.com/
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Hello! (Click HERE to listen)
If you want to buy a home, this blog is for you! Many of my first-time home buyers to individuals who haven't purchased a home in years have the same feelings. "Where do I start?" "How do I know I can afford a new home?" "Who do I go to first?" "Where do I go for a loan?" These can be tough questions and may prevent you from buying a house!
What i've done to help you on your journey is create a simple guide and checkist. It's designed to give you a broad layout of what is involved in the home buying process. Below the main categories are tips, trick, and explanations to help. The checklist is provided to check off what you've completed.
Please follow the link and I'll send you your free information packet!
I hope this helps and I look forward to seeing your success!
Contact Me Today
Let's find you the right home at the right price.