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Frequently Asked Questions

How does OwnerWiz.com work?
OwnerWiz.com is a one stop real estate website that places eager home buyers into the homes of their dreams through a proven Rent to Own/Lease Purchase Home program. The OwnerWiz Rent to Own/Lease Purchase Home program educates our clients about the entire Rent to Own/Lease Purchase process, and OwnerWiz assigns each client a dedicated customer service representative who will walk them through each step of the program.
Why does OwnerWiz.com work?
Since 1997 OwnerWiz’s parent company, OwnerWiz, has been working with home buyers and placing them in the homes of their dreams. Since OwnerWiz’s inception has received numerous press releases and accolades regarding its innovative services and website. OwnerWiz has taken all of that experience and brought it over to LisitngsWiz.
What is the difference between ListingWiz.com and other similar websites?
OwnerWiz’s Rent to Own program is the perfect alternative for individuals who would like to buy a home, but might need some time to re-establish their credit to obtain a traditional loan, or need extra time to raise a down payment. Whatever your specific situation may be, we are here to help you find the home that works for you and your financial situation. There are a lot of copy cat sites making claims that they cannot keep, but with OwnerWiz you’re working with a proven professional who has all of the necessary tools to help you with your search from nationwide home listings, helpful and informative FAQ’s, free offers from our trusted partners, easily accessible and educational articles and resources, and customer service oriented staff of representatives that will work with you personally to make sure that your specific needs are met.
How can I contact a real person to speak with?
If you need to contact OwnerWiz.com, just click the “Contact Us” on the “Home” page and message will be sent to the OwnerWiz.com inbox. A OwnerWiz.com sales representative will contact you directly within 24 hours. The OwnerWiz operating hours are the following: Monday – Friday, 9am – 11:30PM – Saturday & Sunday 9am – 5:30PM (Eastern Standard Time).
Can I still participate in the Rent to Own/Lease Purchase program if I have less than perfect credit?
OwnerWiz’s Rent to Own/Lease Purchase programs are uniquely designed with your situation in mind. The sellers and investors of rent to own homes expect you to have credit with dings. You are who they are specifically marketing to. The qualification for a rent to own home ownership program is based on your ability to make the monthly payments and your down payment than it is on your credit history. The lease term, usually 24 -36 months, before the final purchase is structured to allow you the time to correct any issues your credit may have and also allows you time to improve your overall credit score.
How can I find information on local schools?
When a buyer accesses a listing on OwnerWiz.com, a Walk Score map at the top of the listing displays the house, as well as, the following information:
  • Grocery
  • Restaurants
  • Coffee
  • Movies
  • Schools
  • Other
Buyers also have all contact information to contact the sellers and agents to contact for additional information that may not be available in the listing.
How much do I need to put down to participate in a Rent to Own/Lease Purchase program?
Typically 3% to 5% of the agreed upon purchase price is traditional. Other amounts higher or lower can be individually negotiated. Having a higher down payment is more attractive to sellers and investors and places you in a better position over other people who may also be interested in the same home. You can also qualify easier for a loan toward the end of the program because your down payment has already been made. You have to keep in mind that if you decide not to purchase the rent to own home the down payment is commonly not refundable.
How can I be sure that my credit will be good enough to buy before my term expires?
Everyone’s situation is unique; the OwnerWiz’s Rent to Own/Lease Purchase program is structured to guide you through the process from start to finish. Once you have been educated on what you need to do and follow those instructions to the “T”, you should have no problem qualifying for a traditional mortgage loan.
Here are a couple of helpful tips:
  1. Contact a loan officer and have them pre-qualify you. Inform them with exactly what you need to work on to qualify for the loan.
  2. Joining a reputable credit repair program can do wonders in these situations in as quickly as 6 months. Keep in mind that everyone’s situation is unique and results vary by situation.
  3. You must also be very responsible with your credit during the term of your specific Rent to Own/Lease Purchase program. Do not open any new accounts, or make any major purchases. It is imperative that you do not add any additional debt to your credit.
Can OwnerWiz.com help me find a professional home inspector?
The “Free Offers” tab on the “Home” page supplies buyers with many OwnerWiz.com affiliates that professional services include some of the following:
  • Home Inspection
  • Credit Scores
  • Moving Quotes, supplies and services
Can OwnerWiz.com help me protect my investment with an extended warranty?
Yes, go to the “Free Offers” tab on the OwnerWiz.com “Home” page for more information. An extended warranty is highly recommended to secure your purchase for at least the first year.
Can OwnerWiz.com help me get an updated credit score? If so, is it free?
Yes, go to the “Free Offers” tab on the OwnerWiz.com “Home” page for more information. Knowing your credit score is the first step you should take in the process of buying a new home.
What is a monthly rental credit?
Rent to Own/Lease Purchase programs typically have a provision that puts a portion of the monthly rent payment aside as a credit toward the eventual purchase of the home. This amount usually varies depending on the unique situation. The main advantage to the tenant of the agreement is that they will begin to build equity in the home as they are renting.
Does OwnerWiz.com have foreclosures, short sales or auction houses available?
Yes, OwnerWiz.com has listings for Owner Finance, Foreclosure, Pre-foreclosure, Short Sales, Rent to Own, Rental, For Sale by Owner, Auction and more.
Who pays the insurance during the Rent to Own/Lease Purchase term?
The homeowner pays the insurance that covers the building structure only. OwnerWiz suggets that you get your own renters policy for contents. This will typically cost the renter about $10-$15 per month.
Should I move myself or use a professional moving company? Can OwnerWiz.com help me find the best professional moving company for my situation?
Go to the “Free Offers” tab on the OwnerWiz.com “Home” page where you will find information on Professional Moving Companies. The professional will be able to provide specifics to you regarding your moving needs. Moving Quotes and Moving Supplies are available on this page.
How can I find out what to expect in property taxes?
OwnerWiz.com listings provide general property tax information that is provided by the Homeowner / Listing Agent, who can provide you more detailed information when you contact them directly.
Can OwnerWiz.com explain the difference between market value and appraised value?
Market value can be defined as the highest price a buyer is willing to pay and the lowest price a seller is willing to accept on a particular piece of property within a certain amount of time.
Appraisal value is defined as the opinion of a qualified appraiser, based on the knowledge, experience and analysis of the property being sold.
Can OwnerWiz.com explain to me how do I choose between buying and renting?
You should consider when determining whether now is the right time to buy a new house or rent relates not only to the market but your own situation. You need to consider how long you plan to live in the home. You may not be able to see into the future, but consider what you know at the moment. If you think you plan on upgrading or moving out of the area within the next few years, now might not be the best time to purchase of a home, and may consider renting. Now if you feel confident that you will be living in the home for five or more years, now could be a really good time to purchase a home. Your lender and agent can also offer other options such has Rent to Own.
Owning a home also receives tax breaks, mortgage interest is tax deductable, & you can afford it!
Does OwnerWiz.com have any additional home buying resources?
Yes, go to the “Free Offers” tab on the OwnerWiz.com “Home” page for more information and additional housing partners.
Is OwnerWiz.com safe, and will you sell any of my information to any other web partners?
Yes, OwnerWiz.com is a completely protected and secure website, and OwnerWiz.com will not share any of your information to any other companies.
What if I have a question that is not listed in OwnerWiz.com FAQ page, who do I contact?
Click on the “Contact Us” tab on the “Home” page and message will be sent to the OwnerWiz.com inbox. A OwnerWiz.com customer service representative will contact you directly within 48-72 hours Monday – Friday, 10am – 7PM Eastern Standard Time.

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