The Rent-To-Own Program is VERY SUCCESSFUL and is designed for those who want to buy within the next year or two but need to move now.  Instead of renting for 12-24 months and move again into a home that you own, you can choose from our rent-to-own homes and work toward owning it with our team and preferred lenders via credit realignment and special loan programs. This is also a good option if you know your current situation is going to change for the better - such as a pay raise or bonus that is anticipated.  You can rent until your situation changes and than go to settlement on your new home. 
 
We have recently made some improvements in this area as well.  We have partnered with another company that will buy a home and rent it to you for up to 5 years.  During the 5 year period, you have the option to purchase it - but are not obligated to.  
 
The Rent-To-Own Program does require a mortgage application and a rental application to be completed- and the two would be combined to negotiate a rent-to-own contract for those who qualify.

 
Want to see what Rent-To-Own options we might have? Follow us on Facebook and/or   Complete an Application Here To Start The Review Process....
 

Each and every client of ours has a unique story and situation...  we want to hear your story...  

To talk to one of our team members ASAP - please call or text one of the following numbers:  (540) 809-7548 or (703) 772-7630 or to get a package and more information - answer the following questions in an email and one of our team members will respond ASAP:
 
1. What is your name?

2. What is your phone number?

3. What is the best way to reach you? Best time to reach you?

4. Where do you want to live?

5. Do you want to rent, rent-to-own or buy? What is your goal?

6. How many bedrooms and bathrooms do you need?

7. What price range are you looking in? Monthly rent amount? Monthly mortgage amount?

8. What is your total household income prior to taxes?
 
9. Are you currently renting? If so, How long?  How much is the rent? 
 
10. Are you eligible for a VA loan? 
 
11. Do you have monies set aside for deposits and such? 
 
12. Do you have any pets?  If so, how many and what kind?
 
13. What is your target date for moving? 
 
14. How would you describe your credit score?   Do you know what the score is? 
 
15. Have you filed for bankruptcy within the past five years?   If so, when was it discharged? 
 
16. Have you experienced a foreclosure within the past three years?  When was it foreclosed?   What is the property address?  
 
17. Do you have good rental history for the past twenty-four months? 

18. Are you currently being evicted? 
 
19. Have you been evicted or had an unlawful detainer filed against you in the last three years? 
 
20. What other information do you consider important when considering your information?

Some very important Pros and Cons to Consider when thinking of a Rent-To-Own Agreement:

*Pros:*

1. *Flexibility*: Rent-to-own agreements often have a lease period, and allow you time to prepare for the down payment and mortgage payments ahead
2. *Improved credit*: Making timely rent payments and following a unique plan developed by our team will help you to build your credit during the lease period
3. *Locking in a purchase price*: The purchase price is often set at the beginning of the agreement, protecting you from potential market fluctuations.
4. *Reduced upfront costs*: Typically, you will have upfront deposits and fees that are lower than the down payment required for a mortgage- allowing you more time to save the funds needed for the purchase.
5. *Test the neighborhood*: Renting before buying allows you to experience the neighborhood, local schools, and community amenities.

*Cons:*

1. *Higher rent*: Rent-to-own properties can have higher rent payments- the rent should be set close to what the anticipated mortgage payment is expected to be- sometimes this is higher than the rental value.
2. *Non-refundable fees*: Retainer fees, security deposit, and other costs may be non-refundable if you decide not to purchase the property.
3. *Maintenance responsibilities*: As a rent-to-own tenant, you may be responsible for maintenance and repairs, which can be costly- unlike a standard lease.
4. *Limited negotiating power*: Rent-to-own agreements can be less negotiable than traditional rental agreements.
5. *Risk of losing option*: If you're unable to secure financing or decide not to purchase the property, you may lose any funds that you invest into the home.
6. *Potential for scams*: Rent-to-own scams exist, be careful, The Petry Team has build a reputation of successful transactions- Let us help you be the next....

**Please note - that the rental program and rent-to-own program require positive rental history. Evaluation of your file by our team and local lenders is FREE - However, depending on the complexity of your file and the program selected - there may be a fee for that service.