FAQ

1) How does the rent-to-own program work?

The rent to own program is a rental agreement between the buyer and the seller with an option to purchase the property for the buyer in a specific time period: about 12 to 24 months. Most of the terms are decided up front and mutually between them. The buyer has to give an advance deposit to the seller which is considered as non refundable option price. This is a safety net for the seller in case the buyer does not buy property at the end of rent-to-own term.

2) On what basis is the written offer given?

Once you give the full address and description of your property, we will do analysis of similar bed/bath property in your area to come up with a sizable offer. We will ascertain the right rental price per month for similar size property in your area. Based on this research, we will give you offer for monthly rent and purchase price.

3) Is there any risk or overhead associated working with you? If I take help from your company, can I still market my property via traditional ways on my own before you land up a prospective tenant?

Absolutely NO. We will sign a non-exclusivity agreement which will not bind you to work only with us. You can market your property as earlier. Even if we find a buyer for your property and you do not like buyer's credit score or other details, you can still reject the buyer and we will find you another rent-to-own prospect for you without any force. By working with us, you are getting help from an experienced entity who is marketing your property for FREE which increases the chances to find customers for your property faster. You are in no way tying yourself to work just with us.

4) How much do you charge for your services?

In most cases, we do not charge fees from sellers. Our fees are paid by buyers through down payment.

5) Where are you located?

We are located in Aurora,IL.

6) What if the buyer decides not to buy my property at the end of rent to own term?

Well in that case, you can still keep the initial deposit that was given to you since it is non-refundable. Also you can enjoy all tax benefits in the interim as the owner until the buyer pays the proposed rent. If the buyer decides not to buy, you can get your property back like any other rental arrangement.

7) Do I get tax benefits during the rent-to-own arrangement in action?

Since you are still owner of the property during this period, you get all tax benefits as home owner. For further clarification, we advise you to check with your CPA.

8) I am few months behind in paying my mortgage. Can you still help?

Sure. It will depend on how much money is required to make the loan current. We can always look into your situation and advise you in such matters.

9) How soon can you find rent to own buyer for my property?

Due to our continuous marketing, we get lot of rent-to-own inquiries from interested buyers on a daily basis. Generally we are able to find a suitable rent-to-own buyer in 30-45 days.

10) How do you determine price and monthly payment for my property?

We determine the price of your property based on a competitive and comparative market analysis of a similar sized property and the prevalent rates in your area.

11) What if I do not like rent-to-own buyer you bring?

It is your property and you make decision about buyer we bring. If you reject buyer, we will find another one.

12) My property has not been selling for very long time, how can you sell it quickly via rent to own?

We are experts in the real estate field and very well versed with different markets when it comes to finding rent to own buyers. Due to our continuous marketing strategies we get lot of buyer leads every day. Since we specialize in this niche industry, there is better chance for us to find suitable rent to own buyer for your property.

13) What if I decide to sell via rent to own myself?

Sure you can do that too. But do you know exactly how the process works? Do you have proper rent to own contracts? Do you know how to find rent-to-own buyers via proper marketing? Since we specialize in these things and employ experienced real estate professionals, we can find you tenant/buyer faster than you do it yourself. At the end of the day it is your call whether you opt for our participation or not.

14) Do I have to pay any upfront fees?

No. You do not have to pay any fees upfront. All we need from you is a one-page simple contract signed by you to get us started and market your property.