Why Rent To Buy A Home?
There are a lot of benefits of a rent to own agreement on your next home!
Lots of smart people are using rent to buy as a way to get the home of their own without having to qualify for a mortgage right away.
Banks have been tightening their lending criteria and a lot of people who would have been able to buy are now unable to. Most people who use rent to own need a few years to get ready to qualify for a mortgage.
Here are a few more reasons to use a rent-to-own agreement:
- Try before you buy! You get to live in your rented home before you actually purchase it, allowing you to make sure it’s actually your dream home. If you don’t like the house, you don’t have to complete the purchase.
- Own without great credit or a big down payment. You can start feeling like a homeowner right away while saving up and improving your credit.
- Privacy. You’re not listed as the purchaser on any public records until the closing takes place, giving you years of privacy.
- Profit from any property appreciation right away. Often, homes are worth more on the day of the purchase than the price that you’re paying! This can be huge money.
- Move in fast. Since you don’t have to wait for a mortgage, you can often move in right away – and get started living a new life in the home of your dreams!
So don’t wait!