“There are many benefits to a rent-to-own agreement when it’s done with a reputable company like Problem Solved Realty. We’re with you all along the way; read below to see how the process works!”

– Johnny Wow, Owner

Problem Solved Realty

How Does A Lease With Option To Purchase Home Agreement Work?

The rent-to-own process is actually pretty simple. You rent a house for a particular amount of time before you actually buy it – and you only move once!

  1. Join our property list for starters and tell us what zip code you are most interested in (START with the form to the right).
  2. Then give us a little better idea of your particular situation, your timeline, budget, minimum number of bedrooms, etc. This can be via the website, phone, text or email, whatever is best for you.
  3. We’ll send you local San Francisco Bay Area rent-to-own / lease option homes that fit your criteria.
  4. If you like a home and want to apply, we’ll give you an application to fill out. Don’t worry – we help people with all kinds of credit and financial situations, and if you can afford the property, we can probably help you to own it.
  5. After you’re approved to rent the property, we’ll agree on a monthly rent amount and the future purchase terms.  Then just sign the documents and move on in!
  6. Move in and pay your rent payments on-time… then at the end of the rental agreement, you can decide if you want to purchase the home or not.

THERE IS NO OBLIGATION to purchase the home after the rental agreement expires.

How Long Are Rent-To-Own / Lease Option Terms?

Your lease option agreement (also known as the rent-to-own contract) will spell out the length of time that you have to complete the purchase of the property – typically 3 years, but in certain circumstances we may extend your option if you need more time to get your credit or downpayment up to the point where you can qualify for a bank loan.

The purchase of your home usually takes place through a traditional mortgage loan, but there are other ways to complete the purchase, depending on your finances.

That’s the process!

Once you’ve completed your mortgage, you’re done – now you own the home you’ve already been living in!

First step – sign up to find great properties around San Francisco Bay Area just by filling out the form on the upper right of this page.