"Pick Your Own"
Rent-To-Own Home
This program is perfect for those of you who see your dream home, but your credit is not where it needs to be to buy it at this time. We offer an innovative, reasonable solution to get into the HOME YOU WANT NOW.
How? In short, we have investors that will buy the home you want now, and will allow you to rent-to-own it from them for up to 2 years! Then you can buy it (once your credit is restored). You can let us know what you are looking for now by filling out our Rent-To-Own Home Needed Form.
The "Pick Your Own Home" Program works like this:
1. Look on our local MLS (Multiple Listing Service- where all Charlotte Realtors put their available homes for sale). You can see all the listed Charlotte Homes For Sale. Let us know which homes you are interested in (please try to keep it to 3-4 homes) by Contacting Us.
2. Fill out our Application for admission into our program; there is a $75.00 application fee per family). We do expect to see bad credit (that's why our clients use this program as opposed to buying the homes outright themselves), but we also perform a criminal background check, verify income/employment, and call your past 2 landlords (if applicable).
3. Once you are approved, we'll schedule a time for you to view the homes for sale you wanted to see.
4. If you see the home you want to rent-to-own, we will need 10% of the purchase price in certified funds made out to "BDF Realty, Inc". We will then have our investors buy the home for you. You can move-in in 30-45 days!!
5. Once you can qualify for a mortgage, you can buy your home anytime during your lease period at a locked-in price!!
It's as easy as that!!
Get started
RIGHT NOW by letting us know what you are looking for by filling out our Rent-To-Own Home Needed Form.
You can then see the homes you would be searching from by looking at the Homes For Sale and filling out our Application. Why wait?
This is how the numbers work out (no hidden costs!) so you can calculate how much house you can afford to look at:
- 10% of the purchase price of the home is needed up front, 5% is refundable if the home is purchased during the lease period
- The rent is .0085% of the purchase price
- Your final home purchase price is 10% more than the original purchase price (multiply purchase price by 1.1). Note: Charlotte home values have increased 5-9% the last few years, which means your home will probably be worth more than what you purchase it for!
A real life example (for a $200,000 home):
- 10% down- $20,000
- .0085% of purchase price is the rent (.0085 multiplied by $200,000) = $1,700/month rent
- Purchase price anytime within 2 years is 10% more- $200,000 multiplied by 1.1 = $220,000- Purchase Price
- 5% (or $10,000) is refundable towards the purchase price of the home
- Final Purchase Price: $210,000
If you have any questions, please CONTACT US
NOW or call us at (704) 370-6419. We look forward to working with you!!
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