If your housing loan application is constantly being rejected by the bank, would you lose hope and stop finding ways on how you will be able to own a home?
Due to our daily expenses that seem to get no better each day, the idea of buying your own house is more often set aside because of other priorities that the family must face immediately, like the utility bills, food, monthly rentals, kids allowances, and other financial needs.
To be able to escape from the monthly rental cycle that you are in, another option, which is called rent to buy house niche, can be the answer to your needs. The idea is very applicable for those who have limited or no savings, but still has high hopes of having a house that they can finally call their own.
In fact, the idea of rent to buy house is open to all. It is not only for those who are less capable of buying a property through the normal way. Even those who have the capability to buy their homes should also try it, and be surprised of how much they will save through the rent to buy house method, rather than doing it the usual way with the help of real estate investors.
Having an investor to act as a middleman for the buy and sell of houses deal can cause you much difficulties. If you feel that you need a middleman to make the deal easier for you, think again. If you are not aware yet, those investors are making a profit of $20,000 up to $100,000+ for every deal they have closed. Imagine how much you can save if you do direct marketing instead.
Direct marketing means the buyer will directly contact the seller of the house and the two parties will have to come up on an agreement that will be favourable to both of them. How can this happen? Here’s a very good example.
The renter find ways on how to escape the renting cycle by trying to find ways to buy a house in a manner that will not be a burden on his part. On the other hand, there is a seller, who already bought a new home, and is trying to find a buyer for his old home, thinking it would be much better, rather than it be foreclosed by the bank. These two entities have different problems, but can be answered by only one solution – and this is where the idea of rent to buy house takes place.
If you are the buyer, then there are better ways to find potential sellers rather than waiting. You can distribute flyers telling them that you are interested in buying someone’s properties, particularly their house, immediately. You can put added attraction to get possible sellers be attracted to your advertisement, just be sure they are all true and reasonable. Through this, you will receive phone calls or emails in no time, and you can start negotiating on a deal that the two of you will get fair benefits.
Housing loans are not always the best solution. The idea of rent to buy house is what renters and future house buyers should also be aware of and be open to. They just need to be educated of the zigzags that they need to pass through to make a smooth travel all the way out; and through rent to buy house, their dream of finally becoming a home owner is getting much closer.
Don’t get discouraged with rejected housing loans, because through rent to buy house, you can still have your own house, without any hassles of entering to a bank and other lending companies. You can read more detailed information from DIYRentToBuyHouses.Com.Au.