Today we sift through the murky waters of rent-to-own deals and how some landlords use these to scam unsuspecting tenants. Spot the red flags to watch out for such as landlords asking for excessive upfront fees, properties that seem too good to be true, and vague or non-existent contracts.
Remember the importance of doing thorough research before entering into any rental agreement and why it’s crucial to always ask for photos of the property to confirm its legitimacy… or even better – USE A LICENSED REAL ESTATE AGENT! So, whether you’re a tenant looking to understand more about rent-to-own schemes, or a landlord wanting to offer fair and transparent deals, this video is a must-watch. Don’t fall victim to a scam and losing your hard-earned money! Don’t forget to like, subscribe, and share this video with your friends and family. If you have any questions or experiences you’d like to share, please leave a comment below. I am always here to help and guide you through your real estate journey.
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Rent to own scams EXPOSED!
The world of real estate can often be complex and confusing for the uninitiated. One area that has been garnering attention lately is rent-to-own housing deals. With the rise of videos like “Are YOU getting SCREWED out of a HOUSE?!?” potential homebuyers are becoming increasingly interested – and concerned – about these types of arrangements.
Rent-to-own deals can seem attractive at first glance. Essentially, they are agreements where a portion of your monthly rent goes towards a future down payment on the house. However, as with any financial decision, it’s crucial to understand the potential pitfalls before diving in.
There are a few reputable rent to own resources out there like Divvy Homes. Divvy Homes is a tech-enabled real estate platform facilitating rent-to-own home purchases, allowing renters to build savings for a down payment while living in their dream home. Despite facing criticism for potentially putting customers at risk, many Divvy customers successfully buy their homes, starting their lease with a median credit score of 634 and a median annual income. INTERESTED IN DIVVY? CLICK HERE!
Scammers have been known to take advantage of unsuspecting individuals in rent-to-own deals. They might inflate the price of the property, include unfavorable terms in the contract, or even sell properties that they don’t own. As such, it’s essential to do thorough research and possibly consult with a real estate attorney before signing any agreement.
While not all rent-to-own deals are scams, it’s crucial to be aware of the risks involved. As a potential homebuyer, it’s important to manage your money wisely. Additionally, understanding the realities of living in different locations can also inform your real estate decisions.
In conclusion, while rent-to-own houses can be a viable path to homeownership for some, it’s crucial to thoroughly understand the agreement and ensure you’re not falling victim to a scam. Remember, when it comes to real estate, if a deal seems too good to be true, it probably is.
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