November 29th, 2009 
Kerrie Kelso If your housing loan application is constantly being rejected by the bank, would you lose hope and stop finding ways on how you will be able to own a home?
The very obvious reason which is financial problems due to continuously swelling expenses for monthly rental fees, utility bills, food, allowances, medications, if any, and others, most renters have already set aside their dream of buying their own house. This is due to the fact that they have no way to gather enough money even for a down payment for their dream house.
The idea of rent to buy house is one alternative for those who have a bad credit rating or very limited savings; but are still willing to pursue other legal options to purchasing a house of their own.
In fact, the idea of rent to buy house is open to all. It is not only for those who are less capable of buying a property through the normal way. Even those who have the capability to buy their homes should also try it, and be surprised of how much they will save through the rent to buy house method, rather than doing it the usual way with the help of real estate investors.
Having an investor to act as a middleman for the buy and sell of houses deal can cause you much difficulties. If you feel that you need a middleman to make the deal easier for you, think again. If you are not aware yet, those investors are making a profit of $20,000 up to $100,000+ for every deal they have closed. Imagine how much you can save if you do direct marketing instead.
Direct marketing means the buyer will directly contact the seller of the house and the two parties will have to come up on an agreement that will be favourable to both of them. How can this happen? Here’s a very good example.
On one corner, there is a buyer, and with his limited savings and capability to pay, he’s trying to find other alternatives of how he can buy a house in a manner that he can afford. On the other side, is a desperate seller which is struggling to sell his house before it is foreclosed by the bank. If only these two entities will meet, then two problems will be immediately solved at once.
If you are the buyer, then there are better ways to find potential sellers rather than waiting. You can distribute flyers telling them that you are interested in buying someone’s properties, particularly their house, immediately. You can put added attraction to get possible sellers be attracted to your advertisement, just be sure they are all true and reasonable. Through this, you will receive phone calls or emails in no time, and you can start negotiating on a deal that the two of you will get fair benefits.
Housing loans are not always the best solution. The idea of rent to buy house is what renters and future house buyers should also be aware of and be open to. They just need to be educated of the zigzags that they need to pass through to make a smooth travel all the way out; and through rent to buy house, their dream of finally becoming a home owner is getting much closer.
Don’t get discouraged with rejected housing loans, because through rent to buy house, you can still have your own house, without any hassles of entering to a bank and other lending companies. You can read more detailed information from DIYRentToBuyHouses.Com.Au.
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