Carrington Place (Saint Peters, MO)
By Dwight Puntigan, Dwight Puntigan
(DRP Realty, LLC)
The concept of a Rent To Own program sounds really good.  BUYER:  A set amount of each months rent is set aside as a down payment on purchasing the house.  This builds equity and is a form of saving.  The period of renting allows time for credit repair(contesting negative entries on the credit report).  This period also allows the establishment of valid accounts that show a history of full on time payments(three or four accounts that show a history of good credit management make a huge difference).Seller:  Today's market has 30% fewer buyers.  Tightening the jumbo market on the high side, and raising the bar on the sub-prime side has made a tremendous difference over the past six weeks.  This program allows a seller to market to a larger pool of buyers(applies when the seller does not n...
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Saint Peters, MO Real Estate Professionals