Are you tired of throwing your money away in rent?
Would you like to own a home of your own?
Do you want (or NEED) to fire your landlord?
Have you been turned down for a mortgage?
Do you want to buy a home but just can not find the right house or area?
Do you want to build equity but are not ready to commit to a long term mortgage?
If you answered “yes” to any of these questions, then you have come to the right place. We are Triad Home For You! – We make it easy for you to get into a home of your own in the Piedmont Triad area of North Carolina – Forsyth County (Winston-Salem, Clemmons, Lewisville, Kernersville) and Davidson County (Lexington, Midway, Welcome). We offer homes for rent, rent-to-own, and lease option, as well as owner finance and other creative financing arrangements. All of these programs are geared toward helping you obtain a home of your own.
You have several options in the housing market – Let’s take a look at some of them
There are many ways you can occupy the next property you live in. No single way is best for everyone. What is best for you really depends on your situation and goals. There are pros and cons to any option you choose. Some offer more advantages long term than others. Listing them in order of their long term benefits, from the least to the most beneficial to you:
1. A straight rental arrangement – this is the easiest and most common.
2. A rent-to-own (lease option), which gives you much more benefits.
3. Buy with Owner financing.
4. Self (or bank) financing.
Each level requires a slightly higher amount of commitment than the previous level but also brings with it much higher benefits. Here is a brief look at each of these in more detail.
This is the one in which we are all most familiar. In this arrangement, your rights and obligations are spelled out in a lease agreement. You pay monthly for the right to occupy the premises. You do not earn any credit toward the purchase price and you do not have the exclusive option to buy. Another buyer could come along and buy the property (though he or she would be required under NC law to honor your lease until it expired). However, there are a lot of benefits to straight rent which is why it remains the most popular of the options listed here.
Rent-to-Own – The best of all worlds…
In our opinion, a Rent-to-own (also called a Lease Option) arrangement is the best scenario for both the tenant and the landlord. It combines the convenience of a rental arrangement with the empowerment of an option. With it you, the tenant, have a lease agreement, just as you would if you were doing a straight rent. But you also have an option agreement that spells out what your purchase price would be if you were to buy and how much of your monthly rent is credited toward your purchase price. A rent-to-own arrangement also allows you more freedom and flexibility to improve the property to your individual taste. These benefits do come with a higher price tag, usually in the form of a higher up front deposit called an “option fee.”
Homes with owner financing may also be an option…
Many sellers offer owner financing on their homes. The advantage to you is that you get to enjoy all of the tax benefits of home ownership without having to qualify for bank financing. This option usually requires a larger down payment than what you would pay for either the straight rent or rent to own arrangements. In most cases, you also pay higher interest than you would if you were to obtain your own financing through a bank.
If you have your own financing…
Coming to the table with your own financing does put you in a better negotiating position. You will get the best price and you will have many more homes from which to choose. You also end up paying less for the property in the long haul, mainly due to your lower interest rate.
Other creative methods to home ownership…
We only listed a handful of options for you. There are many other creative ways to obtain a home of your own. Since we are not a bank, we have the flexibility of entertaining many types of unconventional offers and financing. Sometimes you have to think outside the box in order to make things happen!
Are you ready to make the move? We may have the perfect home for you to move into TODAY!
Are you ready to take the first step toward owning a home of your own? If you are serious about wanting to own a home, then we are serious about making it happen for you! Check out our currently available properties to see if any are a match for you. We have a tremendous amount of information online as well as pictures, maps, and downloadable fliers. You can even apply online anytime you wish. If you do not see anything that meets your needs at the moment, let us know what you are looking for and in what areas and we will let you know when we find it!
For more information, contact us anytime!