Frequently Asked Questions

Househitz.com respects your privacy. We do not sell mailing lists or other personal information. The information we get from you is only needed so that we can help you find a Rent To Own Home, a Rental House, a Home for Sale or other Real Estate that meets your needs. We will not sell, rent or otherwise give away any personal information to any other company or group, except to help you in your search.

1. You will be able to email advertisers of properties on our site directly.
2. You will be able to configure the system to email you newly advertised properties that match your needs.
3. We will email you a link that will allow you to remove yourself, at any time, with just one click.

First; Make sure that you do not have caps lock on, and that you are properly typing your email address and password.

Second; If you are getting the message that your email address does not exist, check if you are typing it correctly.

Third; If you are getting the message that your password does not match, try your password again. If that does not help, then clic "Reset Password" and we will immediately email you a new password. After you get your new password and log in, you can go to "Edit Personal Information" and change your password to something you are comfortable that you will remember.

If you continue to have problems, please email us at questions@househitz.com. Tell us what error you got. We will get back to you as quickly as we can.

NO! Househitz.com does not condone SPAM. We do not sell or give away email addresses. When you register, you will be emailed a link that you can use at anytime to remove yourself and your email address from our site. See What Happens if I Register? to see how you can configure and control our system. We will only send you emails about new homes for sale, rent to own property and real estate for rent that matches your search.

When you see an ad for a home for sale, rent to own house, or real estate for rent that interests you, place your mouse over the picture for that home. You will now see a "More Details" button. Click on that to see all of the details about that rental home, rent to own house or real estate for sale. You will now see a "Send Email" button. If you are a Registered user, and logged in, the site will allow you to email the Owner, Property Manager or Real Estate Agent who is advertising the home your question directly. We will also email you the Landlord, Seller or Realtor's email address directly so that you can contact them in the future.

First; You must first be a Registered User. To Register, click the "Register" link on the left of our home page.

Second; You must be logged in. When you registered, you immediately were logged in. If you are returning to our site, you may click the "Log in" link on the left side of our home page.

Finally; Begin searching our site for homes for sale, houses for rent, rent to own homes, and other real estate that meets your needs. As you change the parameters of your rental or for sale homes choosing the right city or cities, zip code or codes, number of bedrooms, rent range or price range that meets your needs. As you choose if you are looking for a home that is for sale, or a rental house. We will save what you are looking for in our system. When come back to our site, we will have your most recent search as soon as you log in. We will also use the information about your ideal rental home, or home to buy to email you when landlords, real estate agents and property managers post new properties on our site.

We strongly recommend calling the Owner, Landlord, Property Manager or Realtor directly. If they have chosen not to have their phone number displayed in their advertisement, you can email them through the site. See: "I see a home that I like, but there is no phone number, how can I contact the owner?"

When you see an ad for a home for sale, rent to own house, or real estate for rent that interests you, place your mouse over the picture for that home. You will now see a "Get a Map" button. Click on that to get a map to that rental home, rent to own house or real estate for sale.

Buy My House, US Buys houses in Colorado.

We strongly recommend that you contact advertisers of homes for rent, houses for sale and rent to own properties on our site directly. Most ads provide the phone number of the Realtor, Property Manager, seller or landlord of the home. All ads have a "Send Email" button on the detail page of the ad.

If you are having a problem with our site and have a need to contact us, you may email us at questions@househitz.com.

Rent To Own Homes, US Helps find Rent To Own and Rental Homes in Colorado.

What is Owner Financing?

With some houses sellers are able to actually provide the loan for you, without you having to go to a bank. This works well if you have a good sized down payment (at least 8-10% of the purchase price- $15,000-$25,000) but have bad credit, that keeps you from getting a reasonable loan.

Owner financing can also work well for investors who want to acquire more properties, but do not have a 25% down payment, or do not want the loans to show up on their credit report.

With owner financing, you actually buy the property from the home seller and make monthly mortgage payments directly to them. The advantage over the rent-to-own option is that you get all of the tax benefits of owning the home, which can save you thousands of dollars every year on taxes. You also own the home and can do major improvements, additions, and whatever you want (within reason). Often times, there are less loan costs than if you had gotten a traditional home loan.

Doing owner financing is also a fairly simple process. The buyers and sellers sign a Purchase Contract, an Installment Land Contract, and a couple of other short documents. The paperwork take about an hour and a half, and then you own your own home.

HouseHitz.com strongly recommends that buyers entering into a owner financing agreement consult legal counsel. All real estate agreements carry significant legal ramifications and appropriate legal representation is strongly recommended.

What is Rent To Own?

Rent To Own (also called lease option, and/or lease purchase) refers to a contractual arrangement between the tenant and landlord whereby the tenant rents the property, much like any rental arrangement you have had. The difference is that the tenant also has the GUARANTEED right or option to buy the property at an agreed upon price sometime during the rental period. This is kind of like a "rain check" at a department store. While the tenant has the OPTION to buy the property, they DO NOT HAVE TO buy it. The landlord MUST SELL the property to the tenant at the agreed upon price, if the tenant so chooses.

Benefits to you of Rent To Own Housing

Depending on your particular situation, there are several advantages of a Rent To Own house over a standard rental house:

1. Rent-To-Own allows you to move into your own house now, with a relatively small down payment, even if you have credit problems that would keep you from buying a house. Once you are in the house, we work with you to improve your credit over the next year or two, so you can easily qualify for a good loan.
2. Once you have lived in the house for 1-2 years, it can be possible to get a refinance loan, which is typically easier and cheaper than getting a loan to purchase a house.
3. Generally, you can treat a rent-to-own home like your own home. You can paint and decorate it to suit your tastes and make improvements you would never think of doing with a home you are just renting.
4. A rent-to-own home lets you "try out" an area or house before you are actually locked into a 30 year mortgage.

How Do You 'Rent To Own' a House?

Rent-To-Own is a simple process! The tenants and landlord sign a Lease Agreement and an Option To Purchase Agreement, each about 2 pages long. Generally, the Lease Agreement on a Rent-To-Own home differs from a standard Lease Agreement in 2 ways:

1. There is an option fee paid to the landlord for the guaranteed, exclusive right to purchase the property during the lease term. This is similar to the down payment required on most home loans, but is generally less money. Typical option fees range from $3,000 to $7,000, depending on the home and your credit history.
   If the tenant buys the property during the lease period, the entire option fee is credited to the tenant as part of their purchase. If the tenant does not purchase the property, or if they default on the lease agreement, they lose the option fee.
2. Because the tenant is to become the owner of the house, typically the lease requires that the tenant be responsible for all day-to-day maintenance and repairs under a fixed amount (usually under $500). All this means is that you will fix the leaky toilet, change the light bulbs, etc. If the furnace or roof needs replacing, the landlord is responsible for those major repairs.
   The Option To Purchase Agreement simply states that the tenant has the right to buy the property at a fixed price during the lease period.

HouseHitz.com strongly recommends that tenants entering into a lease purchase or rent to own agreement consult legal counsel. All real estate agreements carry significant legal ramifications and appropriate legal representation is very strongly recommended.