May 25, 2024


Mad about real estate

Lucrative Rent-to-Own option in Chicago: the best means to buy a house!

The rent-to-own houses are really in great demand in Chicago. As US is deep down in recession, those who are paying monthly to keep their house intact, are scared of losing their money in expansion plans or buying a house. Analysts say that this is the most ideal time to buy a house especially in a rent-to-own basis so that you can later convert into a well-deserving home, sweet home! The deals which are available presently in the market are many but not genuine enough.

Even the monthly expenses of house maintenance are getting on the nerves of average office-goer. Hence, people who own their houses are more than happy to sell their houses.  Sellers can even afford to give on a rent-to-own scheme in Chicago or even Illinois, so that at least, they get some cash-in-hand for a living!

Due to the increased cost-cutting of banks, it becomes almost impossible to get new home loans for the average US citizen! Even if the bank is ready to give you money for the same, you will have to hand around at least 20{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} down-payment in lieu of the qualification procedures. This has restricted most of the buyers from becoming house owners, and ultimately their dream homes. One can hence opt for rent to own Chicago homes, as there are many houses there up for the process.

The Process

  • We, the real estate experts listen to your demands and will assess the whole situation to your liking and affordability.
  • They will start calling property and house sellers in your area and will sort out the sellers who are actually ready to relent to the Rent-to-Own process.
  • If you do not like the house, no problem, the Rent-to-Own consultant can help you start the same search again.
  • Detailed negotiations with the seller will be underway once the buyer likes the house and update you with the proceedings.
  • A strong contract which will be Pro buyer will be made. Once the contract is signed and your down payment is deposited in the original owner’s bank account, you can move into your new home on a agreed upon date
  • Rent-to-own experts in Chicago will take care of all the contracts and will explain you all the related clauses.
  • They will teach you how to protect your interest in the property, and deal with the payments and procedures.

Mostly rent-to-own agents are not paid by the buyers, but the sellers. We will charge $2000 from your down payment from the sellers when we put the buyers in the new Rent-to-Own house in Chicago area. Agents can negotiate good deals too that the money that the buyer pays to agents comes from extra discounts in the overall price! Negotiation of minimum down payment and maximum monthly credit can be arranged so that the buyer can build his or her own equity in the quickest time possible!