Just because the economy is down right now doesn't mean you should have to give up all your dreams and desires. Or at least I don't think so anyway. I am still trying to make business work and I'm still trying to work towards my dream home I have always wanted.
Unfortunately a lot of people still think that you have to pay a ton of money for your "dream home" but this simply isn't true. One thing you might want to look for is something called "rent to own homes". These homes are just like regular homes, except that you don't have to put a hundred grand down.
Instead, you would treat it as if it were an apartment rental - pay X amount of dollars every month. You are essentially renting to own or paying money into the home. So at the end of a specified amount of time (could be 6 months could be 2 years) you will then own that home. It's really simple if you actually sit down and think about it and it makes a ton of sense.
This is terrific for those of you that already rent an apartment, town home or condo. But you want to be able to own a house! Believe me, I know there is a huge difference between living in an apartment and a house - or even a town home and a house.
I live in a town home right now, I have put about $35k into it - it will never be mine. I can never do what I really want to with it. I'm just renting it. Whereas when it's your own home you can do whatever you want. You can make an addition, you can paint, etc. There is a real differential feeling behind renting to rent and renting to own.
The really sad thing about this is that people often don't even know that there is such a thing as rent to own because on most all real estate websites and even in newspapers in the Real Estate section, Realtors and other people will not state if a home is rent to buy because of commission reasons. There is a way around this though!
One main thing you might want to look for is people and companies that actually have websites online that refer to rent to own homes or housing. These people are not Realtors per se, but they do have ways to go about this so you can get the home that you really want. There are some great "gems" of lending programs out there, if you know where to look. Lots of real estate agents and bankers don't know about these programs, but they do!
They have a regular supply of nice homes where you can move in immediately. Then, while you enjoy the benefits of living there, you pay rent, a portion of which goes toward your eventual mortgage on the home. Pretty cool, huh? So you see, you don't have to "make do" with what you got. You really can have the home of your dreams! You just have to know what to look for!
![[Valid RSS feed]](http://www.freebie-articles.com/images/rss.gif "XML Feed For RSS")
Category Rss Feed
Print This Article
Add To Favorites