Are Clarksville Property Solutions Rent-to-Own Homes a Scam?
If you’ve spent time driving around Clarksville TN/ Oak Grove KY or browsing Craigslist or other sites, you may have seen advertisements that read, “Own a home with no credit check!” You may have thought to yourself — is this a scam?
While it seems too good to be true, local rent-to-own homes are a viable option that many Clarksville TN/ Oak Grove KY residents are taking advantage of.
Renting to own / lease option homes aren’t a scam and they’re a really great way for people get on the path to home ownership if your financial situation prevents you from getting a home loan right now. You can find hundreds of great articles online from reputable resources that back up the fact that rent to own (also called a lease option by many people) is a legitimate and great way to work your way into home ownership.
Really the rent to own process is a relatively simple concept:
The buyer moves into the home and begins paying rent. As this is going on, the buyer is working to rebuild his or her credit, or possibly secure financing to purchase the home using traditional means… and the buyer can feel that same sense of pride that homeowners feel because they’re working toward that goal of home ownership actively.
At the end of the term, the buyer has the option to buy the home at the price agreed upon in the initial agreement.
Here is a video on how Clarksville Property Solutions Rent to Own program works:
Things To Consider With Your Clarksville Property Solutions Rent To Own Home / Lease Option:
While rent-to-own homes in Clarksville TN/ Oak Grove KY are a valid business venture, there are many things that buyers must consider.
Purchasing a home is one of the most complex financial decisions that Americans make every year, and renting to own is no different. There are several potential pitfalls:
If you decide not to purchase the home, or are unable to secure financing, any “credit or down payment” (if applicable) will be lost.
The upfront “option fee” for the rent to own agreement is a non-refundable fee. So be sure if you sign on the dotted line, that this home is the right one for you.
Some Advantages of Renting To Own A Local Clarksville TN/ Oak Grove KY Home
While renting to own is not without risk (and no financial decision is risk-free), there are a ton of advantages:
Buyers can “check out” the neighborhood
Families can move in quickly and enroll children in the local school district.
Buyers with credit problems will have time to get their financial situation in order.
All things considered, not only is renting to own a home from Clarksville Property Solutions definitely not a scam, but a legitimate option for both buyers and sellers. If you want more information on renting to own a home, the process, and our available list of local Clarksville TN/ Oak Grove KY rent to own houses / lease options, click the big link below.
Check out our other homes:
Be the first to know about our upcoming rent to own homes in Clarksville TN / Oak Grove KY: /