Tired of throwing money away on rent? Try renting with the option to buy

Renting with the option to buy?

Want to turn your dream of homeownership into a reality, but you’re not quite ready? There’s a great program out there right now getting all the buzz. Home Partners of America: a company focusing on renting with the option to buy.

About the Program

Essentially, the program allows potential homeowners and renters the opportunity to “rent with the option to buy” as opposed to “rent to own.” “Rent to own” can be very risky. It locks you into purchasing a home in the future, even though your plans could change. Renting with the option to buy comes with limited risk as you will have more flexibility and transparency. Through Home Partners of America, renters have the ability to purchase the home at any point during the lease for an amount that is pre-agreed upon from the beginning. Not only that, but there is no obligation to purchase the home at all. This is especially valuable in case negative aspects of the home are discovered or if living situations change. Furthermore, this program can be utilized multiple times. If the home doesn’t meet the tenants’ expectations they can find another home at the end of the lease. Lastly, tenants are able to renew their lease without worrying that Home Partners of America would kick them out or sell to someone else for up to 5 years. Essentially, tenants sign a 1 year lease which can be renewed up to 4 times. This gives tenants peace of mind knowing they have a home they won’t be booted from when their lease ends.

“So, how do I get started in this program?”

So, how do you get started with this program? First, check out the Home Partners of America website to learn more. Once you’ve decided to move forward with the program, contact a local real estate agent to start looking at homes and finding one you’d like to live in (contact me if you’re looking in the Chicagoland area!). With a wide range of homes to choose from in numerous towns around the Chicagoland area, you will have additional options that make your home search even easier. Don’t wait, take this unique first step towards homeownership with Home Partners of America and a local Realtor you trust.

The right Realtor is just a call, text, or email away…

Steven Johnson is a Chicago area Realtor focused on helping home buyers, home sellers, and renters find the right home for them. If you or anyone you know could benefit from Steven’s client first, responsive approach to real estate, then please reach out any time at (847) 525-6121 or Steven.Donald.Johnson@gmail.com and please visit Steven’s website at this link.