RentToOwn.org is a website that gives people access to home listings in their area which are available for a rent to own agreement, meaning that you can initially rent the home you will eventually have an option to buy.
How Does It Work?
Rent to own is a home buying structure that has actually been around for decades, and RentToOwn.org says that when it is structured correctly, this arrangement allows home buyers to invest in their home by turning lease payments into equity ownership. The website says that because of recent changes to lending standards within the United States, this is an attractive and popular way to buy a home.
If you enter into a rent to own agreement, it is important that you know that you will have a FICO score that supports qualification for a mortgage at the time the rental period ends. Most of these agreements run about three years, giving people a chance to repair their FICO score while they are renting.
RentToOwn.org allows visitors to come their website and put in the zip code of the area in which they are interested in living. They will then receive a list of results of properties that are registered for rent to own in the area in which you are looking with information like the number of bedrooms and bathrooms, so you get a very general idea of the property, as well as a thumbnail picture of the property usually from the street view.
In addition, customers who are interested in doing so can use their website to get access to services that will provide them with their credit scores, as well as credit repair and credit consultation services if you feel that you may benefit from those.
Visitors are welcome to use this website for a general search to see the number of properties that are available in their desired area, along with the general information mentioned above. But in order to see all the details of a property, including photos and the price, you will have to sign up for a paid account.
Customers can receive a 14 day trial of their website for just $1.00, and at the end of the 14 day trial if you have not cancelled your membership, you will be charged $49.60 per month until you successfully cancel.
This website does not offer a Refund Policy because they provide their customers with the fourteen day trial of their services before you ever incur a full charge, and customers are welcome to cancel their membership whenever they choose and not receive any further charges.
In addition, if you do use this website to find credit counseling services, that will be considered a third party service and you will need to go to that website and provider to find out about any applicable policies.
Customer Service Contact Info
Customers who would like to speak to their Customer Service team about their questions, concerns, or complaints can do so by phone at 888-556-3889 or by submitting them directly to their website through their Contact Us link.
First, it is important to point out that the entire concept of rent to own homes is far more complicated and nuanced than RentToOwn.org makes it seem. There are many articles on the pros and cons of this type of homebuyer structure and whether or not you should consider it, including these from Forbes, Realtor.com, and Investopedia.
But even if you look over these and other materials and still feel as though this type of home buying structure is right for you, there are still some issues with the website RentToOwn.org.
There are many, many negative reviews for this company for a few different reasons. The first is that once you submit your phone number to this website, people complained that they would get as many as seven phone calls in a day from realtors wanting to talk to them.
But a much bigger issue is the one they have with billing. Multiple customers complained that they were billed repeatedly after they cancelled, and they were refused refunds for the money that was billed after they cancelled and was taken out of their account by error. Because of this, people should avoid working with this website.
Competitors and Alternatives?
There are many different rent to own websites, but as mentioned above this is a tricky home buying structure and buyers will likely do better by working with a licensed realtor who has dealt with these kinds of structures rather than relying on a website.
If you have experience with this company or their products, please leave your RentToOwn.org reviews below.
1 ‘RentToOwn.org’ Review
I decided to use this site to help me look for a home and I got it the 13th and called the number that was on the website when I signed up on the 19th and canceled. I was still charged 29.95 for the credit and 49.60 for the RTO.org crap. So I called on the 21st and I was told they didn't cancel the credit services part of it but don't worry because the pending amount of 49.60 would not be withdrawn. Said there was nothing to worry about. They gave me confirmation numbers both times. So today is the 22nd and I look and yes they did take 49.60 out of my account. So this time I called the number on my bank statement for RTO.org and they tell me I have NEVER called. All they can do is give me 25.00 back. So they took my money after 7 days even though I canceled and refused to let me speak to someone in charge. This is the worst website I have ever experienced. I would never tell anyone to give this bullshit company your card number. And who knows what other charges they will decide to take out and I wonder is it really honestly even canceled yet??!! This has been horrible