Home in Saratoga Springs Utah Offering Seller Finance

   Incredible Home in Saratoga Springs Utah 

       Offering Seller Finance

Offered at $694,000

Contact Michael C Manczuk

Phone: 8017083513

MLS Number: 1760246

Status: Active

Type: Single Family Home

Year Built: 2005

Bedrooms: 3

Bathrooms: 3.5

Sq. Ft: 5225

Lot Size:.22

See full details at www.Rent2OwnUtahHomes.com

 

 Is Doing a Rent to Own a Good Idea 
in Utah?

When is rent to own a good idea 
and when is it better to just rent or purchase in Utah?

Is Rent to Own or Lease Option (Lease with Option to Purchase) a good idea in Utah? Is it legit? How do I know I won't get scammed? When is it better to do a lease option rather than a traditional purchase? You'll get the answer to these questions and more!

Is rent to own legit? Rent to own is totally legal. It is how the rent to own deal is structured that gets people into trouble sometimes. It is always a good to have an agent work for you and help you write up a contract that protects you as the buyer/tenant. If you choose not to have a real estate agent work for you, you can always hire a lawyer to help you with a contract, although a lawyer may be pricier than a real estate and they can't help you search for homes. It is actually free to hire a buyer's real estate agent although they may sometimes charge you a broker's fee (which goes to the broker, not the agent). The real estate agent gets their commission from the seller.

How do I know I won't get scammed? It is always best to get a real estate agent to represent you when doing a rent to own contract. But, if you can't get a good agent who knows how to do a rent to own, at the very minimum, set up the rent payments through a loan processing company. The company will pay any underlying mortgage, track payments and rent credit, etc. This will ensure there is a paper trail of all payments. You will also want to set up an account with a title company and run title on the subject property. Last thing you want to do is purchase a rent to own and realize the sellers don't actually own the property. If you have a good real estate agent working for you, they will take care of all of these details for you!

When is it better to do a lease option rather than a traditional purchase? It depends on your current circumstances and on the current housing market as well. What are your circumstances? Is your credit not allowing for you to qualify for traditional financing? Are you going through a divorce and you don't want to purchase anything before the divorce is finalized? Do you not make enough money but have a settlement coming? Are you showing more debt than is allowed for a loan but have sufficient funds to carry the loan? Is the housing market on a downturn and loans are hard to come by or interest rates are really high? If you're in any of these situations, it may be worthwhile to speak to a real estate agent about doing a lease option.

A few advantages of doing a rent to own include:

1. Less Closing Costs

2. Quicker Move In

3. No Credit Check

4. Home Does Not Show Up As Debt

5. Lock Down Purchase Price

6. Gain Monthly Equity

A few disadvantages of doing a rent to own include:

1. Home Not in Your Name so No Tax Advantages

2. Gain Less Equity Than Traditional Purchase

3. Higher Monthly Payments than Traditional Purchase

4. Non-refundable Down Payment (often higher than a traditional purchase depending on loan product)

5. Less Inventory to Choose From

If you want help with purchasing a rent to own or a lease option in Utah, we are here to help!

https://rent2ownutahhomes.com/pages/3552/How-Rent-to-Own-Works

Brokerage Services Provided by Integra Realty

 

 What makes us different than 
other rent to own companies in Utah?

Is rent to own legit?

Rent to own and seller financing in Utah! Many have heard of it and a lot of people don't really know how it works. Is it legit? What makes our company different than other companies? Let's start with our company. We are different than other rent to own companies and here's why!

1. We are licensed real estate agents and not just a company on the web looking to make money off of selling you a list. So many people call me, thankful they were able to speak to someone who seems "legit" because everyone they've spoken to wanted money, just to see a list of a homes! We never charge for a list of homes. 

2. We pre-qualify you before sending you a list of homes and here's why. Purchasing a rent to own is very similar to purchasing a home traditionally. Just like with a traditional purchase, we need to make sure you can afford to buy the home you are renting to own. You may not be ready to purchase a home right now but you will need to qualify to purchase the home by the end of your lease term. To pre-qualify for a rent to own, we will need to know the following:

• How much home you can afford, which is determined by a lender. We have lenders we work with if you don't have one you want to use.
• How long you will need to lease for before you can qualify for traditional financing.
• How much down payment you have to put towards a home. This down payment will be applied to the purchase price but is non-refundable so you will need to be able to purchase the home by the end of your lease term or risk losing your deposit!

3. We go to work for you! Because of the lack of available rent to own homes, we actually have to convince sellers to do a rent to own. This takes a lot of work and sometimes we have to educate sellers on how a rent to own actually works.

4. We protect you. We structure the lease option contract to protect you and make sure any rent payment always pays any mortgage before the seller receives their portion.

You can trust with confidence that we will set you up to be successful for a lease option or seller financing purchase in Utah. We go above and beyond for our clients because you deserve nothing less!

https://rent2ownutahhomes.com/pages/3552/How-Rent-to-Own-Works

Brokerage Services Provided by Integra Realty

 How Does Rent to Own Work?

The number one most common question we get "how does rent to own work"? 

A lot of people come to us not being able to qualify for a home purchase or even a rental and they think that rent to own can be a good option for them. Or they aren't ready to commit to purchasing a home want want to do a rent to own. Rent to own may work for these situations but it really depends on two things.

1. How much down payment you have.

2. How long you need to lease for before you can qualify for traditional financing.

Typically, the longer the lease term, the higher the down payment. The minimum down payment required by sellers for a rent to own starts at 3.5%, but that's really for people who need to lease for a very short amount of time (a month or two). For example, a typical 6-12 month rent to own lease will run you about 10%

So, if you can't get qualified, we can see if a rent to own will work for you. But if you don't have the down payment, we can still help you with credit repair and help you come up with a plan that will move you on step closer to being a homeowner.

To read more about how rent to own works, visit our website here https://rent2ownutahhomes.com/pages/3552/How-Rent-to-Own-Works.

Brokerage Services Provided by Integra Realty

 Are you going through a divorce but want to purchase a home?

Maybe you want to buy a home but are advised not to due to a pending divorce. Whatever your reason for not taking out bank financing to purchase a home may be, we can help!

We are realtors that specialize in lease options and seller financing! We will walk you through the steps and help you determine which option is best for you!

Read More at https://rent2ownutahhomes.com/properties.html

 

5 Things You Need to Know When Moving to Utah!

 Ranked #1 Economy in the US

Salt Lake City has been recently ranked the #1 Economy in the country by 24/7 Wall Street. Salt Lake had the lowest unemployment in July during the recent pandemic and a current unemployment rate of 4.5%. In the past 5 years, Utah's first quarter economic growth was at 3.4% compared to the national GDP growth rate of 1.9%. Utah also boasts as one of only 7 states with less than 10% poverty rate and is among the top 5 for infrastructure and fiscal stability. Sources Fox 13 Now and USNews.com.

 Neighborhoods

Utah's beautiful and diverse terrain has something for everyone. Whether you're the city dweller who enjoys the hustle and bustle of city life or whether you prefer more the more quiet setting of country life, Utah has it all and everything in between. From scenic mountains and rock formations to picturesque lakes and rivers, Utah has something to offer everyone!

Some of our popular neighborhoods include:

Daybreak - A master-planned community offering lakes, parks, shopping, dining and more! Residents have access to the community center as well as 5 pools, free paddle board rentals and more!

Sugarhouse - A trendy area that features nightlife, eateries, sports bars, cocktail lounges and nightclubs. The shopping scene includes unique boutiques, thrift stores as well as brand name chains.

Downtown - Beautiful downtown features beautiful architecture of both the Salt Lake Tabernacle and Mormon Tabernacle. There is plenty of shopping and dining at the City Creek Center mall, nearby stores and restaurants.

Park City - Few people have not heard of beautiful Park City, home of the 2002 Winter Olympics, epic powder skiing at the Deer Valley Resort and Park City Mountain Resort as well as unique eateries and pubs.

To read more, visit https://rent2ownutahhomes.com/Relocating

New Lending Guidelines Due to Covid-19!

How has the Covid-19 pandemic impacted the real estate industry? Well, the lending industry has seen some immediate changes in terms of qualifications for government backed loans. For starters, all government backed loans now require a minimum credit score of 620. Visit our website for more details.

https://rent2ownutahhomes.com/Market-Update

We can still help you purchase or sell despite these new stricter guidelines We will show you how to bypass the banks and purchase a home through lease option or seller finance! Call/text 801.708.3513 to find out how!

Don't Have Equity in Your Home But Need to Sell?
You don't have to take a loss for your home 
if you don't have equity in your home but need to sell.
We will help you collect monthly rent AND sell your home for TOP DOLLAR!
Contact us for more information!
802-708-3513 talk/text

www.rent2ownutahhomes.com
teamzenutah@gmail.com

Is the market slowing down?
Having a hard time selling?
We can get top dollar for your house!
Ask us how!

www.rent2ownutahhomes.com

It's not secret that the housing market has started to languish.
Houses are starting to sit on the market and prices are starting to fall.
We can get you paid and sell your house for top dollar with a
lease option or seller finance listing!

801-708-3513 (talk/text) or teamzenutah@gmail.com

Brokerage Services Provided by Integra Realty

Purchase a home regardless of recent bankruptcy

or late mortgage payments!

Contact us today to find out how!

www.rent2ownutahhomes.com

You no longer need to wait 2 years after a recent bankruptcy in order to purchase a home.

Nor will a couple of late mortgage or credit card payments affect your ability to purchase a home.

If you have a sizable down payment a minimum credit score of 580, contact us today!

Our lenders can help you purchase a home within 30 days!

How does Rent to Own Work?

How do you get qualified?

Have you ever wondered if you could own a home, even with poor credit or a recent bankruptcy? You can with a rent to own, also known as a lease option home! Some key questions to ask are:

1. Do my credit or recent bankruptcy affect my ability to purchase a rent own home?

2. What are my down payment requirements?

3. Does it cost me anything to get qualified?

There are many programs available out there. Make sure you trust the agent you are working with and you have the answers to these important questions.

1. Will I be able to lock down the price of the home?

2. Will my down payment go towards principal pay down?

3. Will I be able to negotiate a monthly equity credit with my monthly payments?

4. What happens if I'm late with a payment?

Get the answers to these questions and many more at our https://rent2ownutahhomes.com/pages/3552/How-Rent-to-Own-Works/

We have one of the best programs available and with forms drawn up by attorneys. All payments are structured through a third party escrow company so both parties are protected. 

Give us a call today for more details! 801-708-3513

Brokerage Services Provided by Integra Realty

Sandy, UT 84094
1177 E Turquois Way
Offered at $314,900

MLS Number: 1558813

Status: Active
Type: Single Family Homes
Year Built: 1972
Bedrooms: 4
Baths: 1.75
Sq. Ft.: 1972
Lot Size: .19

See full details at www.Rent2OwnUtahHomes.com

Brokerage Services Provided by Integra Realty

Seller financing or lease option in Salt Lake City, UT!

Salt Lake City, UT, 84109
2665 E Parleys Way #108 
Offered at $349,900 

Status: Active
Type: Single Family Homes
Year Built: 2006
Bedrooms: 2
Bathrooms: 2
Sq. Ft: 1438
Lot Size: .01

See full details at 

https://rent2ownutahhomes.com

MLS Number: 1543752

Rent to Own turned into Traditional Financing!

Don't think you have the credit to own a home? Our client didn't! We were able to get him traditional financing and under contract on this beautiful home in a month! We can help you too!

Under contract in Ogden!

Ogden, Utah 84401

$165,300

Status: Under Contract

See full details at www.Rent2OwnUtahHomes.com
Brokerage services provided by Integra Realty

Lease to Own or Seller Finance Cedar Hills Utah

Ceder Hills, Utah 84062
10423 N / 3800 W 
Offered at $304,500

Status: Active
Type: Single Family Homes
Year Built: 2006
Bedrooms: 5
Baths: 5
Sq. Ft.: 3,836
Lot Size: .13 

MLS Number: 1202556

See full details at www.Rent2OwnUtahHomes.com

Listing Office:

Coldwell Banker Residential Brokerage-Orem

Seller Finance South Jordan Utah

South Jordan, 84095
11183 S / 1500 W 
Offered at $395,000 

Status: Active
Type: Single Family Homes
Year Built: 2010
Bedrooms: 5
Baths: 3
Sq. Ft.: 3,279
Lot Size: .08 

MLS Number: 1160825

See full details at www.rent2ownutahhomes.com

Listing Office:Home and Family Realty

Lease to Own or Seller Financing Draper Utah

Draper, Utah 84020
12542 S / 300 E 
Offered at $313,000 

MLS Number: 1141586

Status: Active
Type: Single Family Homes
Year Built: 1996
Bedrooms: 5
Baths: 3
Sq. Ft.: 3,510
Lot Size: .24

See full details at  www.Rent2OwnUtahHomes.com

Brokerage service provided by North Star Realty.

Listing/Office:

Exit Realty Plus