HOW IT WORKS
We will work with you to complete the quick and easy application process. The application fee is only $75 per household (not per person) and approval takes 1-2 business days.
FIND YOUR HOME
Once approved, you will work with my team and I to find the right home for you and your family. Once we find it, our investor will purchase the home and lease it to you for up to five years.
PURCHASE YOUR HOME
Anytime from the day you move in through the end of your lease, you can exercise your exclusive right to purchase the home at a pre-determined price that you know about on day one.
Step One: The Rent to Own Application
The first step is to apply for the program. To begin the application process, first review the qualification requirements here on this website. Once you have done that, then complete the pre-qualification application which will let us know if you are a good candidate for the program. If you are, we will ask you to complete the full application which costs $75 and covers all potential residents 18-years old and above. Your full application is processed within 1-2 days. If approved, the group will notify us of the maximum rent amount that you qualify for.
Step Two: The Home Search
Now that you’re approved, we will take the max rent that you are approved for and put that into a calculator to see what the budget is for the home purchase. You will meet with the OneBlue Real Estate team and begin your home search! Here is the cool part! Any home for sale in Central Florida is a potential candidate for the program. Of course, you have the things you want in a home and the investor has some minimum requirements as well. Once we find the home you want, your OneBlue Real Estate REALTOR will submit the home for approval. Included with the property submittal is a “renovation checklist” that you will complete and details what, if any, repairs or upgrades you would like done to the home. Home approval generally takes less than 8-business hours and once you sign off on the rent amount, we will prepare to submit an offer to the seller.
Step Three: The Home Purchase
Your OneBlue Real Estate REALTOR will work closely with our investor to negotiate the cash purchase of the home that you selected. This is where patience comes in. The seller make take our first offer or may chose to negotiate which could take several days. Once a purchase price is agreed upon between the buyer and seller, our investor will ask you to sign the lease, right to purchase agreement, and ask for the security deposit within 48-hours. The security deposit will be placed in escrow until closing and will be returned to you in the event the sale is not finalized.