Phoenix & Glendale and the surrounding areas are a thriving economic center for the Southwest surrounded by beautiful vistas, lush desert plant life and rich cultural diversity, which has created a Mecca for interested homeowners who are looking for a place to plant their roots. It is no secret that our country has been facing a shaky economic downturn but that will only last so long. Because of the state of our economy, places such as Phoenix have been hit hard with rising foreclosure numbers and declining property values. For existing homeowners this is not a good thing but for the person interested in becoming a new homeowner it is a perfect time to invest.

Devers Rent To Own Homes specializes in rent to own homes in Arizona (Also known as Lease-Purchases). For those still wondering, "What is a lease purchase," here are some more specifics. After a property is selected from the quality list of Devers' Arizona real estate, an initial partial down payment or option fee will be drawn up, which is commonly 3 percent of the home value. For example if the market price of a home in Phoenix is 200,000 then the applicant interested in the rent to own property would put down 6,000 dollars, which to most is a very reasonable number.

The renter will then move into the home and make monthly lease payments. At any time, the home leaser can make extra payments that will go towards the final set percent (decided during consultation period) needed to own the home. For example, if the final set percent needed to gain ownership was 8 percent of the home's dollar value then an additional 10,000 dollars (already paid 3%) is required. When the leaser reaches the final set percent or purchase price, the deed is handed over to them and they will be proud, new owners of residential Arizona real estate.

The benefits of partaking in rent to own homes in Arizona are as follows:

• No qualifying necessary with money down, which makes it perfect for people with no credit or poor credit.
• Receive properties below market value when dealing exclusively with Devers Rent To Own Homes.
• Cuts out the middleman. No Realtor, commission costs, or other extra fees you would obtain with a normal property purchase are associated with Devers Rent To Own Homes.
• More flexible. We are not realtors, banks, or mortgage companies, so we have the flexibility to work with our customers. Our friendly team of professionals work with everyone on a case by case basis.
• Fixed future purchase price. During the Devers consultation period, a fixed purchase price or percent down will be decided and will not change no matter if home prices double in the time it takes to get to that point.
• High ROI potential. High-rise plans and construction, an annually increasing population, a new light rail system and continued expansion point towards an increase in property values down the road. The economy goes through cycles and will go back up.
• Answer to conventional home loans. Rent to own home opportunities are another option to combat high interest home loans, high closing costs, high Realtor fees, and/or large down payments.