Creative Buying & Selling

by Paul C. Clark, Rhino Times Greensboro NC

Published November 12, 2009

Potential homebuyers who have had a recent string of bad luck don’t necessarily have to give up on their plans to purchase a new home.

“We provide housing to people who maybe have had divorces or medical problems or just don’t have enough money or have credit problems,” said Jim Williams, who heads Triad Residential Solutions, which has been providing the service in the region for six years. “We provide an opportunity to own a home again – or maybe for the first time. We coach them through the process of needing to pay on time and doing the necessary things to build credit for 12 or 24 months. We hold their hand through the process.”

Rent to own is an attractive offer for many renters who haven’t had mortgage payments or financed automobile purchases or may have had less than timely payments on things like utility or medical bills. Moving into a rent-to-own home, with a structured payment plan managed by a company experienced in building up credit scores, can be a make-or-break difference for such potential buyers.