Securing a Rental / Rent-to-Own
When executing a lease in today’s market it’s important to follow the same systematic approach SCG uses in purchasing. We assist our clients in preparing an application and pulling a copy of their current credit report. Stricter lending guidelines, including higher down payment requirements for purchase, are making loan qualifications more difficult. Because of this more individuals are considering rental options, thus increasing the competition in the rental market.
SCG believes in a proactive approach when targeting a “hot” rental property; it’s crucial to be “ready to shoot”. Rent-to-own can be structured as creatively as both parties are willing. There are no set rules to how this is done, and there are advantages depending on how the market is anticipated to move. If you’re unsure about the commitment to purchase and want to learn more about rent-to-own options, please contact us today.