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Not all Realtors are capable of helping you with the keys to your new home in Florida with rent-to-own, lease-option, or lease-purchase terms. Smooth talking won't do it. Expensive designer clothes won't do it. The most-expensive PDA-cell phone attached to the side of their head won't do it. And that shiny BMW won't do it either. Realtors who do not specialize in rent to own Florida home opportunities may actually hurt you more than they help you. They don't understand your financial condition -- they're trained and accustomed to working with buyers with "A" credit and big down payments. They don't know how to protect your interests with the paperwork involved in rent-to-own home transactions. This lack of understanding could put you in serious legal jeopardy if the realtor attempting to offer rent to own services had simply driven to Office Depot or Kinkos looking for a Lease-Purchase Contract. Ideally, you want to partner with a Realtor who specializes in and works full-time with rent-to-own home opportunities, not a Realtor who reluctantly attempts a rent-to-own only when his/her pipeline of "A" buyers runs dry.. The bottom line is that the Realtor must specialize in rent-to-own opportunities or it won’t matter how many nice homes that Realtor can locate on his MLS. If you can’t qualify to buy the home on which the Realtor is representing you, then you cannot buy the home. <<Previous
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Please email me with any questions about this or any other e-lesson. If you have suggestions for other real estate or home financing reports, let us know. Mike Payne, a Realtor with Horizon Realty, specializes
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