Diane Rice, of Rice Property Management gives some "rent to own" advice for real estate professionals.
She writes:
Every tenant cannot become a homeowner. A TRUE homeowner "to be" is someone who takes responsibility for their own life. They do not look around for someone else to contribute to their cause. It is someone mature. It's someone who has added up the cost, and is willing to pay it. It is someone who does not need a "lord" over their land to supervise or make choices for them. They have tempered their appetites in a prioritized manner. They are not looking for a hand-out. They are goal oriented and realistic. Rents are paid on time every month, and excuses are rarely made. These attributes become apparent while the "homeowner to be" is still renting.
There are many reasons why a renter may not have taken the steps to become a homeowner.
Here are three:
- 1) low credit scores
- 2) lack of knowledge
- 3) fear of leaving a set comfort zone
All three can be overcome when the tenant chooses to take the leap and/or come in contact with the truth about home-ownership. Click Here To Read More...
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