We are often asked about rent-to-own programs and how they work, so this week we interviewed Lord Munjal of Utopia Homes to answer your most pressing questions. Check out the full episode and if you have questions about how to get started with Homeowner Prep, be sure to reach out to us or drop your question in the comments.

// SHOW NOTES

00:00 Intro

00:22 Welcome To The Show

01:18 What Is A Rent-To-Own Program?

03:40 What Happens When Plans Change?

06:20 What If Home Prices Go Down?

08:08 What Is The Qualification Process?

10:00 What Makes Utopia Homes Different?

12:14 Where Is The Utopia Homes Program Available?

13:33 Are Rents Higher Than Normal?

14:59 Do You Need An Agent and Who Covers The Costs?

17:30 How Can Buyers Make Sure The House Is In Good Shape?

18:35 How Long Is The Term?

19:15 What Happens If The Renter Is Not Ready To Buy?

20:30 Can The Renter Choose Their Own Lender?

21:53 How Long Does The Qualification Process Take?

24:05 What Is The Background Of Utopia Homes?

29:45 Education Leads To Buying A Home Sooner

31:10 Agents Can Benefit With Cash Offers and Full Commissions

32:07 Who Is The Ideal Customer?

33:35 Getting Started With Homeowner Prep

34:05 Outro

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// ABOUT HOMEOWNER PREP

Homeowner Prep helps aspiring first time homeowners through real-world advice and accountability. This podcast was created for those who dream of owning their first home - and are willing to do whatever it takes to make their dream a reality!

DISCLAIMER: The content we distribute is for educational purposes only. Seek professional financial, tax, and legal advice for your particular situation. Also, links included in this description might be affiliate links. If you purchase a product or service with the links that we provide, we may receive a small commission. There is no additional charge to you! Thank you for supporting our channel so we can continue to provide you with great content!

// LICENSE INFO

DRE: 01780767

NMLS: 2218002

#renttoown #realestateadvice #homeownership