You enjoy the benefits of learning while the homeowner and seller pays the cost of property taxes, insurance and Homeowners Association Fees. Due to rising prices of rent, as well as the increasing difficulty to save the amount of money for a down payment on a house, renting-to-own has become very popular.
If you have never owned a home,
you can use rent-to-own to learn
what home ownership is like.
A rent-to-own agreement gives you the opportunity rent a house for a 3-5 year period, then buy the house at the end of the leasing period. This is a great way to test a home before committing to purchasing it right away. Renting to own is also perfect for renters who are working to improve their finances. Leasing a house through rent-to-own does not require you to buy the house, but it does give you the first opportunity to purchase the house at the end of the leasing agreement. The price of your house will not go up during the rent-to-own lease.
Browse our articles below to learn more information about rent-to-own homes.
It requires both a prudent buyer and a trustworthy seller to make a successful rent-to-own arrangement and relationship. Although the agreement can be the perfect solution for a prospective home…
You may probably already be familiar with a basic rental lease, but you should also be aware that the fine print is a lot more complicated in a rent-to-own agreement….
Renting rates all around the country have been skyrocketing, and this naturally deterred many people from renting out housing. This isn’t caused by an inherent lack of desire for to…
With the constant inflation in renting prices, coupled with the difficulty for many young home buyers to put the 3% down payment for a mortgage, prospective buyers are looking for…