Rent to Own | Fort Collins Lease with a Right to Purchase | Rent to Own Colorado

Rent to Own Homes in Fort Collins

Lease with a Right to Purchase Rent to Own Program in Fort Collins, Colorado

Rent to Own Homes Denver Co Find a Rent to Own Home in Fort Collins with a Kenna Real Estate Agent. Many factors go into the decision of whether to rent or buy a home. For example, the upfront costs of buying a Fort Collins home, including the down payment and closing costs (taxes and fees) can be quite high, so it usually makes more sense to rent in Fort Collins if you plan to remain in a home for less than five years. Other considerations include property insurance, maintenance and repairs. A homeowner is responsible for these costs while a renter typically does not make any of these payments directly. Nevertheless, the monthly cost of owning a home may be meaningfully lower than the monthly cost of renting.  

How the Fort Collins Rent to Own Program works: 1- Prospective Household applies for approval. 2-Household finds a Home Partners qualified home. 3-Home Partners buys the qualified home, household leases from Home Partners. 4- Household has the right to purchase the home. 

Rent to Own in Fort Collins Co

All Listings $200,000 - $300,000 $300,000 - $400,000
$400,000 - $500,000
200 Properties Found. Page 1 of 12.
Rent to Own in Fort Collins Co
200
Listings
40
Average DOW
$250,000
Min. Price
$500,000
Max. Price
$412,187
Average List Price
$401,143
Average Sold Price
$182
Price per SqFt.
0.20
Average Acres
Photo of Listing #896899
New Listing

406 Tedmon Drive, Fort Collins

$370,000 - 3 Beds, 1 Baths, 1,059 Sf

MLS® # 896899

C3 Real Estate Solutions, LLC
Photo of Listing #2232731
New Listing

4408 Flattop Court, Fort Collins

$285,000 - 3 Beds, 2 Baths, 1,344 Sf

MLS® # 2232731

Metrolist Services Inc (Colorado) Logo The Group Inc - Centerra Status: Active
Photo of Listing #896907
New Listing

4713 Overhill Drive, Fort Collins

$425,000 - 3 Beds, 3 Baths, 2,016 Sf

MLS® # 896907

ReliaHome
Photo of Listing #896820
New Listing

718 Great Plains Court, Fort Collins

$379,900 - 4 Beds, 2 Baths, 1,680 Sf

MLS® # 896820

8z Real Estate
Photo of Listing #896825
New Listing

712 Louise Lane, Fort Collins

$349,000 - 3 Beds, 2 Baths, 3,236 Sf

MLS® # 896825

Bliss Realty Group
Photo of Listing #896867
New Listing

600 Ponderosa Drive, Fort Collins

$250,000 - 2 Beds, 2 Baths, 1,548 Sf

MLS® # 896867

Reichert Real Estate
Photo of Listing #896881
New Listing

1912 Overlook Drive, Fort Collins

$459,000 - 4 Beds, 3 Baths, 3,350 Sf

MLS® # 896881

RE/MAX Alliance-FTC South
Photo of Listing #896882
New Listing

209 Locust Street, Fort Collins

$350,000 - 2 Beds, 1 Baths, 1,586 Sf

MLS® # 896882

RE/MAX Advanced Inc.
Photo of Listing #896883
New Listing

1031 W Oak Street, Fort Collins

$500,000 - 3 Beds, 1 Baths, 1,481 Sf

MLS® # 896883

Hub Real Estate
Photo of Listing #896742
New Listing

605 Princeton Road, Fort Collins

$415,000 - 4 Beds, 2 Baths, 1,632 Sf

MLS® # 896742

Group Mulberry
Photo of Listing #896760
New Listing

1973 Angelo Drive, Fort Collins

$425,000 - 4 Beds, 4 Baths, 2,596 Sf

MLS® # 896760

Resident Realty
Photo of Listing #896790
New Listing

3609 Jaguar Place, Fort Collins

$340,000 - 3 Beds, 2 Baths, 1,952 Sf

MLS® # 896790

Group Mulberry
Photo of Listing #896794
New Listing

3608 Bobcat Place, Fort Collins

$425,000 - 4 Beds, 2 Baths, 1,713 Sf

MLS® # 896794

Group Harmony
Photo of Listing #896803
New Listing

450 San Juan Drive, Fort Collins

$389,000 - 3 Beds, 3 Baths, 2,221 Sf

MLS® # 896803

RE/MAX Alliance-Loveland
Photo of Listing #896672
New Listing

147 Fishback Avenue, Fort Collins

$375,000 - 4 Beds, 2 Baths, 1,668 Sf

MLS® # 896672

Coldwell Banker Res-SE Metro
Photo of Listing #896697
New Listing

603 Agate Court, Fort Collins

$477,500 - 3 Beds, 3 Baths, 3,200 Sf

MLS® # 896697

RE/MAX Alliance-FTC Dwtn
Photo of Listing #6032337
New Listing

1418 Ivy Street, Fort Collins

$445,000 - 4 Beds, 3 Baths, 3,078 Sf

MLS® # 6032337

Metrolist Services Inc (Colorado) Logo Redfin Corporation Status: Active
Photo of Listing #896712
New Listing

5828 Venus Avenue, Fort Collins

$340,000 - 5 Beds, 2 Baths, 2,022 Sf

MLS® # 896712

Blue Steel Real Estate, Inc.

Once a home is identified and approved by Home Partners, Home Partners will attempt to purchase the home- the outcome of which will depend on certain conditions being met such as agreeing on a purchase price with the seller, a satisfactory inspection, attorney review of the purchase contract, and other closing conditions being satisfied.

More Facts on Rent to Own Homes:

The Lease with a Right to Purchase program provides responsible households who cannot obtain a mortgage a clear and transparent path to home ownership. A qualified applicant  will get approved; select a home for sale with an agent, Home Partners will buy the home in cash, lease it to the resident & provide a right to acquire it anytime during the lease period.

The resident's financial obligation is limited to 1 year of rent.
Approved Rent to Own residents can:
Elect to rent for up to 5 years 
Move out after each one year lease term without penalty
Purchase the home ANYTIME during tenancy

Fort Collins Rent To Own Community List

Prospective residents will work with a REALTOR® to find a home in an approved community.

(Click here More for Communities)

Home Partners of America uses consistent and objective investment criteria- including median home prices and high school rankings- to identify communities that have a high quality of life and long-term opportunities for residents.  The following is a list of Home Partners of America and Kenna Real Estate's approved communities and high schools in Colorado:   (Click here to Apply) RENT to Own Any Home you Want!   Contact us Now 303-955-4220

Rent to Own Fort Collins Fast and Easy | *NEW to Laimer County and fort Collins Area Lease Option Program*

Here is a useful link to evaluate your options:  http://portal.hud.gov/HudCalculators/

To see if a home not listed on the website is approved, please visit our address checker at: addresscheck.homepartners.com 

 Total Cost to Rent to Own in Fort Collins

Total Cost is the price Home Partners pays for the home, closing costs, make ready and repairs/maintenance costs. Total Cost is used to determine the resident's Right to Purchase prices.

A Rent to Own sample is highlighted below:

Purchase Price $200,000
Closing Costs * $3,000
Make Ready and Repairs/Maintenance Costs $7,000
Total Cost $210,000

* Includes all costs such as transfer taxes, attorneys' fees, title insurance, other acquisition costs, etc.

 

The Monthly  Rent Slightly Increases

Each year, a resident's Monthly Rent increases by no more than 3.75% over the previous year’s Monthly Rent.

For example, if the Monthly Rent for Year 1 is $1,400 per month, the increase for the next year is $50/month (i.e., $1,400 x 1.0375)*.

 

Example of Monthly Rent

Year 1 $1,400
Year 2 $1,450
Year 3 $1,500
Year 4 $1,560 
Year 5 $1,620 

 

Right to Purchase Price Increases

Each year, the Right to Purchase Price increases by 3.5%-5% (depending on the region).

In the example, if the Total Cost of the home is $210,000 and if the Right to Purchase increases by 5% (i.e., Prior Year Purchase Right Price x 1.05)* then the Purchase Right Price for Years 1-5 is as follows:

Year 1 $220,500
Year 2 $231,500
Year 3 $243,100
Year 4 $255,300 
Year 5 $268,000 )

There are additional costs that the resident will incur if they exercise the Right to Purchase such as closing costs to purchase the home, including transfer taxes, attorneys' fees, title insurance, and the cost of a mortgage loan. As a result, actual total costs to exercise the Right to Purchase will vary.

* Rent will round to the nearest $10. Right to Purchase Price will round to the nearest $100.

 

Kenna Real Estate is in no way , Home Partners of America.  Hyperion Homes, Home Partners of America act as your landlord if you proceed with the Lease with the right to Purchase Program, Kenna Real Estate is not a mortgage company, does not see your credit, have any imput, or can guarantee you will be approved by Hyperion Homes, Home Partners of America. Kenna Real Estate and irs Agents have no obligation  to provide and does not provide financing and cannot guarantee or in any way assure that a resident will be able to obtain a mortgage if and when he/she wishes to exercise the Purchase Right.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

Listing information last updated on October 17th, 2019 at 5:04am MDT.

Metrolist Services Inc (Colorado) Logo Terms and Conditions: The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Kenna Real Estate are marked with the IDX Logo. This information is being provided for the consumers personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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Listing information last updated on October 17th, 2019 at 4:34am MDT.

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