Rent to Own a Home

LOOKING TO RENT TO OWN?

Our rent to own program for individuals living in the greater Richmond, Northern Virginia and metro Atlanta area can make you a home owner until you are ready to buy.  We have partnered with Home Partners of America to provide another option to put you on the road to home ownership.  

With our help, you can find a home in a community you want to live in and lease the property for up to 5 years (in most areas). You have the option of purchasing the home at any time during your residency. You have the right to purchase the home or the option of walking away without penalty at the end of your lease. Our program gives you the opportunity to realize the dream of owning your home.

What do I need to qualify?           

With our  program, you can begin to own your own home today.  All you need is:

1. A strong work history;

2. Household income of at least $50,000.00 a year;

3. A credit score of 580;

4. No recent bankruptcies or evictions; and

5. A security deposit equal to the 1st and last month's rent.

   What do I get?

With our program, you will get a different path to homeownership.  You are able to rent a home that you will actually purchase.  We also give you TRANSPARENCY - There are No hidden fees or non-refundable deposits Upon entering this program, residents are given the monthly lease and purchase price information each year for up to five years, so you can plan for the future. Home Partners uses our skill to purchase the home the residents want, providing them with an affordable lease and a pre-set purchase price each year for up to five years.
   I'm approved, what's next?

Residents have the Right to Purchase the home at any time during their residency, at the pre-set price. If the home value appreciates above this price each year, they realize a financial benefit. If the value of the home declines, they can choose not to renew their lease and walk away without penalty.  After you are approved you will be notified of your maximum monthly rental amount. Your approval will be good for 90 days before it expires. Home Partners will be checking in throughout the process to see how your home search is going. Your agent should start showing you homes that meet our criteria and your rental amount.

Sherri L. Parsons

Virginia License Number 0225226975 Mobile: 757-744-9267

Parsons Real Estate Team w/ 1st Class Real Estate

921 Battlefield Blvd.
Chesapeake, VA 23320

Contact Me Today

Let's find you the right home at the right price.