Saturday, 30 July 2011

Rent To Buy - Is It Legal?

By Kerrie Kelso


Rent to buy deals can certainly be carried out without the presence of a 3rd party, most commonly regarded as the rent to buy investor. This person is most likely gonna put a large markup on the house, and without his presence, there would be no further burden to be compensated as fees for this 3rd party. And if only individuals will be well informed concerning how the rent to buy system works, this could be successfully carried out even with only the seller and buyer being engaged in the dealings.

Doing your own rent to buy house purchase, exclusively with a seller, provides you direct contact with the seller, with no middleman in the way. This allows you to negotiate directly with the seller, the terms and conditions that are likely to suit yourself and your family - rather than what the Rent to Buy investor is looking to gain from being the middleman in the transaction.

Lots of people tend to be afraid to apply rent to buy systems because of the lack of know-how on how the system works. Even some think it is illegal, however the reality is it's not. It might not be like what the usual real estate procedures, however the good thing about rent to buy it that it provides flexible terms which the common real estate deals can't offer. What's more is that through rent to buy agreements, both parties are given the chance to fix their credit scores, and the buyer given the chance to buy a house even if continuously being denied by banking institutions.

There's nothing much that you need to learn or invest to just to execute a rent to buy home purchase. All you need is enough information about how to perform the system efficiently and also the courage to take action in order to make the rent to buy home purchase possible. With these 2 factors, expect that you will be able to find the right seller that will market his home to you under rent to buy agreements, without any middleman or rent to buy investor involved in the transactions.

Rent to buy systems are not that difficult at all. The truth is, its versatility is very easy and straightforward. People will appreciate this way of house purchase when they start to see this in a different light and start thinking out of the box. A lot of people are hesitant for the fact that it is non-traditional and that it is not widely carried out.




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