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Frequently Asked Questions

 

Frequently Asked Questions by buyers

 

Frequently Asked Questions by Sellers

 

General Questions

 

What is the difference between Rent To Own, Lease Option, Lease Purchase, Rent to Buy, Owner Financing, and Land Contract? (Back to Top)


PV Real Estate Consultants, LLC specializes in Lease Option transactions, also known as Rent To Own, or Rent to Buy transactions. In a Lease Option, the Landlord-Seller leases the home to the Tenant-Buyer and the Tenant-Buyer has the option to purchase the home for a pre-determined price at any point prior to the end of the lease. The main components of a Lease Option transaction are the lease term, the purchase price, the down payment, and the rent credit.
 

Lease Purchase transactions are similar to Lease Options; however, rather than granting the Tenant-Buyer the option to purchase the home, Lease Purchases contractually obligate the Tenant-Buyer to purchase the home.

“Owner Financing” agreements and “Land Contracts” have similar payment schedules to that of Lease Options and Lease Purchases; however, these agreements enable the Buyer to purchase the home and obtain title at the beginning of the transaction. The Seller, instead of receiving a large cash payment at the time of purchase, as he/she would in a conventional sale, serves as a lender for the remainder of the agreement, and collects monthly financing payments from the Buyer. When the Owner Financing agreement or Land Contract expires, the Buyer obtains third-party mortgage financing and fully repays the Seller Loan.

What is the purpose of PV Real Estate Consultants, LLC? (Back to Top)


PV Real Estate Consultants, LLC is New Mexico's largest marketplace for Rent To Own real estate. The highlights of our program include the a tenant/buyer Preparation Program which helps our Tenant/Buyers prepare to purchase a  home. We offer innovative solutions to buyers, sellers, agents, and brokers alike. We provide Sellers with a platform to Advertise Their Rent To Own Homes to a large audience of Buyers.

 

What are the benefits of Rent To Own versus other methods of purchasing a home? (Back to Top)
Please see our Benefits page to read about the benefits of Rent To Own.
 

Who are the Sellers on PV Real Estate Consultants, LLC? (Back to Top)
 

Sellers generally include homeowners who list their property with PV Real Estate Consultants, LLC, real estate agents/brokers looking to increase exposure for a home they are representing, property managers, real estate investors, and Rent To Own firms that provide Buyer assistance. Sellers nationwide are also welcomed and encouraged to advertise their homes on PV Real Estate Consultants, LLC. You must be an owner or a legal representative of an owner to advertise a home on PV Real Estate Consultants, LLC.
 

Who are the Buyers on PV Real Estate Consultants, LLC.com? (Back to Top)
 

PV Real Estate Consultants, LLC is committed to helping anyone achieve the dream of homeownership. PV Real Estate Consultants, LLC’s experienced professionals help aspiring homeowners of various financial situations to set realistic objectives and then provide them with the necessary support to achieve those objectives. A typical candidate needs time to improve his or her financial profile over the lease term in order to secure an affordable mortgage.
 

Is the Rent To Own concept new? (Back to Top)
 

The concept is not new. Buyers and Sellers have been structuring Rent To Own transactions for decades. However, PV Real Estate Consultants, LLC’s model is unique and our rigorous qualification system and Buyer support programs ensure a high success rate. Recent housing market conditions have put the spotlight on Rent To Own transactions. The number of Buyers and Sellers will continue to grow rapidly as consumers become more aware of the Benefits of a Rent To Own.
 

What are the details of a sample Rent To Own transaction? (Back to Top)
 

  • Rent To Own buyers and sellers enter into a lease agreement for a fixed period of up to 36 months. At the conclusion of the lease, the buyer will have the option to purchase the home from the seller.

  • The purchase price will be determined before the Rent To Own lease agreement is finalized and signed by both buyer and seller. This price is fixed and will not change after negotiated and agreed upon by both parties.

  • In addition to the down payment credit (Option), the Seller may offer monthly rent credits. A “rent credit” is a portion of the monthly lease payment that is applied to the overall purchase price if and when the Rent To Own purchase is executed at the end of the lease. The amount of the rent credit and the down payment will vary by each seller and property.

  • Throughout the term of the lease, PV Real Estate Consultants, LLC provides assistance to enable Rent To Own buyers to complete a successful purchase at the end of the lease term. We provide buyers a customized credit monitoring and repair program, and a detailed snapshot of the target financial profile buyers should aim to have to execute a successful home purchase.
     

What is a rent credit? (Back to Top)


A Rent Credit is the portion of the monthly rent that is credited towards the purchase price of the home at the end of the transaction. If the option to purchase is not exercised the rent credit is nonrefundable.

 

What are the components of a Rent To Own agreement? (Back to Top)
 

There are two major components of a Rent To Own agreement: 1) a Lease that includes the monthly payment, term, rent credit and other customary provisions, and 2) the Purchase Option, which grants the Tenant-Buyer the option to purchase the home at an agreed upon price at any point prior to the expiration of the lease. PV Real Estate Consultants, LLC facilitates successful transactions by standardizing lease terms, rigorously qualifying Buyers and Sellers, and providing Buyers with the support and resources to achieve their savings and credit improvement objectives.
 

Who pays the real estate taxes and homeowner insurance on the Rent To Own? (Back to Top)
 

Taxes and homeowner insurance are paid by the Seller of a Rent To Own until the Tenant-Buyer completes the purchase.
 

How can I link my website to PV Real Estate Consultants, LLC? (Back to Top)
 

Simply insert this code (without the quotes) into your site and size accordingly ; thank you in advance for taking the time to link to our website!

 

 "<a href="http://www.we-buyandsell-homes.com">
PV Real Estate Consultants, LLC
</a>"
 

I'm on your email mailing list and I do not want to be contacted anymore. How do I remove my email from distribution and stop receiving messages? (Back to Top)
 

Just reply to the email with a Subject of "remove" and we will remove you from the list. Thank you for your patience.
 

I want to advertise my business on PV Real Estate Consultants, LLC., how do I do that? (Back to Top)
 

Please Contact Us for advertising opportunities
 

How can I contact the PV Real Estate Consultants, LLC team? (Back to Top)
 

Please see our Contact Us page. We pride ourselves on being highly responsive to all queries.

 

Buyer Questions

 

Why should buyers Rent To Own versus simply renting or buying immediately? (Back to Top)
 

  • Opportunity to Own Your Dream Home while you build up equity and fix any potential credit problems.
     

  • Rent To Own gives you time while you learn how to properly care for a house as you move towards your goal of home ownership.
     

  • PV Real Estate Consultants give you the Help You Need. With our extensive network of specialists and fast & friendly customer support, finding the perfect Rent To Own home has never been easier!


  • You can turn your rental into a financial investment. See Special Report.


  • Both a portion of your monthly rent and down payment at closing can be credited to your purchase price.
     

  • In a Rent To Own agreement the purchase price is fixed, giving you the opportunity to make equity gains in the midst of growing real estate markets.
     

  • Beginning with PV Real Estate Consultants, LLC specialists, there are credit experts that can help you build your credit to the point of making a purchase at the end of your lease.

  •  
    The timing for moving into a Rent to Own home can be much shorter than purchasing a home should you choose to exercise your option.
     

  • Rent To Own gives you the flexibility to walk away from the property at the end of your lease term, should you decide you don’t want to make the purchase.
     

  • Whether you’ve had late payments, a bankruptcy or simply haven’t had enough time to build up your credit, a Rent To Own home may enable you to build equity and repair credit while renting to own your home.
     


I am a Buyer, how much does your website cost to use? (Back to Top)


Nothing. Our website is completely free of charge to all potential Buyers. Register for free today!
 

What type of potential Buyers choose the Rent To Own method? (Back to Top)


Potential Buyers have historically included the following:

  • Families who want to improve their financial profile (i.e. save more money and restore any credit problems) over the course of a lease in order to obtain an affordable mortgage at the end of the lease

  • Families with impaired credit who are presently unable to qualify for suitable mortgage rates due to credit issues

  • Families who want to try out a home, neighborhood, or school district before committing to it long-term

  • Families who are tired of renting and want to take positive steps towards home ownership

  • Real estate investors
     

How can I ensure that my credit improves enough to obtain a mortgage by the time my Rent To Own agreement concludes? (Back to Top)


PV Real Estate Consultants, LLC has a program designed to help you improve your financial profile. However, there can be no guarantees as this depends on a buyers financial discipline. A buyer can put a crimp on things by going out and buying a Mercedes. J We pride ourselves on Turning Tenants into HomeOwners.
 

Do I have to buy the house at the end of the lease? (Back to Top)


No. The seller will grant you the option to purchase the home, but the decision to purchase is entirely up to you. In fact, the opportunity to “try before you buy” is one of the many benefits of Renting To Own.
 

Will my down payment (Option Consideration) be returned to me if I do not purchase the home at the end of the lease? (Back to Top)


Your down payment is non-refundable. If you do not execute your purchase option, this money will not be returned to you.
 

Will my monthly rent credits be returned to me if I do not purchase the home at the end of the lease? (Back to Top)


Your monthly rent credits are credited toward the purchase price if and when you exercise the option to purchase. If you do not exercise the option to purchase the monthly rent credits are not refundable.
 

Is every home on the website a guaranteed Rent To Own Home? (Back to Top)


The great majority are Rent To Own. Those that are not will be clearly indicated.

 

Seller Questions

 

Why sell through PV Real Estate Consultants, LLC? (Back to Top)

  • We maintain list of potential Rent To Own buyers who are looking for homes. 

  • If your buyer should fail to procure a mortgage loan, or waive the purchase option at the maturity of the lease term, You retain the deposit, rent, and all accumulated equity.

  • As a Seller, your tenant will build your equity for you over the course of the lease.

  • The purchase price is negotiated by Buyer and Seller and confirmed prior to signing the lease; thus allowing Sellers to account for anticipated future real estate market fluctuations.

  • Avoid short-term capital gains with a "fix and flip" strategy by renting to own the property to a tenant, just be sure the lease extends more than a year from your date of purchase.

  • Because the property is now an investment property you retain the tax advantages such as Mortgage interest and depreciation.

  • Your tenant has a large personal equity stake in the home you are selling, and as a result will treat your property just like his own.

  • Avoid all real estate commissions by simply advertising your home for a one-time flat fee and let a qualified buyer find you.

  • Find the perfect tenant with the option to choose from a pool of qualified buyers months in advance.

Will PV Real Estate Consultants, LLC list my home on the MLS also? (Back to Top)
 

Currently, Flat Fee MLS listings are available for homes. Sellers from other states can advertise their homes on our site for exposure to thousands of potential Tenant-Buyers. Due to the demand for our system, we aim to expand our services thru out New Mexico in the near future.
 

Will PV Real Estate Consultants, LLC advertise and market my home for sale as well as Rent To Own? (Back to Top)
 

We focus on our Rent To Own program, but we can also market for sale if you specify. We have two listing options 1. The MLS flat fee listing or 2. The full service listing. We normally do not use the MLS as we desire to keep the cost to our sellers down. 
 

How long does my Rent To Own listing remain on your website? (Back to Top)
 

The length your advertisement will typically remain on the site for 90 days. 
 

What states do you offer the most exposure in? (Back to Top)
 

We have Buyers representing all 50 United States, however we focus mainly in New Mexico.


How do I get paid when I sell a Rent To Own? (Back to Top)
 

Landlord-Sellers receive monthly rental payments during the lease term. When the Tenant-Buyer executes the purchase option, the Landlord-Seller receives a payment equal to the pre-determined purchase price, less any applicable mortgage repayments, realty commissions, and other transaction costs.