Q:

What are some tips for buying rent-to-own homes in Charlotte, North Carolina?

A:

Quick Answer

To secure a rent-to-own house in Charlotte, North Carolina, research the prices of available properties, and hire an assessor to determine the value of the house in which you are interested, recommends RealtyStore. Repair your credit to increase your chances of buying a rent-to-own house. Get the house inspected before committing to a contract, advises Bankrate.

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Full Answer

Determine whether the price of a house is reasonable by evaluating comparable homes in the neighborhood. RealtyStore lets you check out information regarding particular rent-topown homes in Charlotte, North Carolina, and helps you evaluate real estate trends while searching for a property. A house assessment determines the worth of a house and facilitates negotiations for a reasonable price. To qualify for financing, improve your credit with the help of a credit specialist, states RealtyStore.

To understand the financial implications of signing a rent-to-own agreement, enlist the help of an attorney, recommends Bankrate. To ensure the house does not have an impairment that could prevent you from purchasing it, have an attorney review the home title. State regulations for rent-to-own contracts tend to vary by state, and understanding these nuances ensures that you make an informed choice. Meet with a lender before signing a rent-to-own contract, to learn the requirements for a mortgage.

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