Why Investors Want AlleWest’s “Rent to Own” Buyers 

At AlleWest, we generally find people interested in our rent-to-own program because they think their less-than-perfect credit history will stand in the way of securing a mortgage, or people who are in the process of cleaning-up their credit but no longer want to waste time or money renting without the benefit of future ownership.

Many former and current AlleWest clients shared with us their experiences with other rent-to-own organizations. The potential homebuyers felt these companies were only interested in taking their option money, and could not care if they failed to secure a mortgage at the end of their lease.

And they are right. The number of successful rent-to-own buyers who make the transition from renters to homeowners in other programs is extremely low. Why? Because no effort is made to pre-qualify potential homebuyers and determine how long it will take them to qualify for a mortgage, and exactly how much house they can truly afford.

Before clients even begin shopping for an AlleWest rent-to-own home, we ask that they first meet with one of our mortgage companies. These groups will run a credit history, review their credit report and credit score, and determine not only when they will qualify for a mortgage, but also how much they can afford as a monthly rent.

With the financial data in hand, AlleWest will help our buyers move forward by designing a customized credit repair plan, to keep them on track in the weeks and months ahead to reach their ultimate goal of securing a mortgage and home ownership.

AlleWest’s rent-to-own buyers enter the marketplace with the peace of mind knowing exactly what they can afford, and when they will qualify for a mortgage. Once they find the home of their dreams, AlleWest’s buyers fully realize the benefits of our program:

• Their money is always working for them: The entire option fee as well as part of the monthly rent will be credited towards the final sale price or towards the down payment.

• AlleWest’s properties are almost always ready and waiting for our buyers. Once paperwork is completed and option fees are paid, they are immediately welcome to pack their bags and move in.

• Time and incentives are on their side: While living in the home that will one day be theirs, they will have the opportunity to eliminate the credit issues that may be standing in the way of securing the best mortgage possible, while at the same time building equity.

How AlleWest’s “Rent to Own” Program Benefits Investors

By far the best way for investors in today’s real estate market to either lighten their portfolios and sell off empty or hard-to-fill rental properties, OR invest in additional properties which already include pre-qualified tenant buyers, is through AlleWest’s rent to own program.

Monthly foreclosure filings continue to be double digit percentages higher than the year before, and experts predict foreclosure activity to remain above last year’s levels for the rest of this year. Yet this marketplace scenario has presented AlleWest with a dramatic surge of rent-to-own buyers, buyers who consequently allow AlleWest to secure top-dollar final sales prices for investors who had unsuccessfully tried to move their properties in the past, either as “for sale by owner” or through a realtor.

Why SELL your property through AlleWest’s rent to own program?

• The current real estate market is flooded with houses for sale, at a time when financial institutions have replaced generous lending practices with much stricter mortgage guidelines. There are currently many more sellers than qualified buyers.

• Due to the high foreclosure rate in Illinois, many families are opting for rent to own properties. This increased demand for quality rent to own properties in the Chicagoland suburbs has skyrocketed over the past few months, resulting in AlleWest sellers securing quality buyers and higher than-average monthly rental fees.

• AlleWest will only show your house to buyers who have been pre-qualified through our extensive credit review. Our buyers already know they can afford the monthly rent, know when they will qualify for a mortgage, and are actively working to repair their credit.

• AlleWest’s buyers are exactly that: Buyers. Unlike month-to-month renters, our clients will take great care and pride in your property, as one day they will own it themselves.

• Your property will be featured on AlleWest’s website and marketed to our vast database of buyers, renters and other investors – groups that comprise more than 95% of the people who buy real estate.

Why PURCHASE Rental Properties through

AlleWest’s "Rent-to-Own" Program?

When we first established AlleWest, many investors from across the country wanted to invest in the real estate market, but their local communities were too volatile and expensive. Through a series of conversations, we determined AlleWest would pair serious investors who wanted to buy investment properties with our buyers who wanted site-specific properties: The “Buyer First” Program was born.

While AlleWest maintains a large inventory of properties, there continue to be many tenant buyers who have very specific location requirements, such as keeping their children in the same school or school district, or living close to work or the local train station.

Through the Buyer First Program, AlleWest’s tenant buyers literally select the home of their dreams in any area they want to live in. Our team then prepares an investment package and shares it with our investor pool, to determine who might be interested in serving as the buyer. In this scenario, AlleWest presents our investors with attractively-priced properties with pre-qualified tenant buyers already in place, eliminating the risk of an empty house, and ensuring positive monthly cash flow as well as backend profit once the property is sold at the end of the lease option.

AlleWest’s “Rent to Own” Program: A Win-Win Scenario

Bottom Line: AlleWest’s “Rent to Own” program is by far the safest avenue for anyone to purchase, sell or invest in today’s real estate market. As you can see, AlleWest’s program is designed to benefit people on both sides of the real estate table.

When you’re ready to explore investment opportunities in real estate with AlleWest, we’ll be ready to work with you.