Rent to Own Homes

Homes starting at $495.00

 

 

Rent to Own – How it works

 

Rent-to-own is an attractive alternative to traditional home buying. It allows buyers to move into their future home while they save up for the down payment and build their credit score. The lease includes a down payment and a portion of the rent is allocated to the purchase price. Rent-to-own offers many benefits to both buyers and sellers; buyers have the time to save for their dream home and sellers have the added premiums and down payment to compensate for the delay in selling. Although there are risks associated with rent-to-own, such as drops in value and interest rate changes, it remains a viable option for those who are not yet ready to commit to a mortgage.

 

Benefits for Buyers: -Ability to move into their future home while saving for down payment and building credit -Smaller down payments and flexible payment options -Opportunity to buy a home even with bad credit -Time to save for their dream home

 

Benefits for Sellers: -Reassurance that prospective buyers are taking care of the property -Added premiums and down payments to compensate for the delay in selling