Why should you consider a Lease purchase or rent-to-own option?
By Cliff Johnson, Personalized Real Estate whether buying or selling
(HomeSmart Realty)
Why should you consider a Lease purchase or rent-to-own option? Lease Purchase or rent-to-own options can be beneficial. Consider the following benefits: Flexbility - Rent-to-own agreements often have more flexibility than traditional rental agreements, which allows tenants the ability to negotiate terms that suit their needs.Pathway to homeownership - Lease purchase or rent-to-own agreements offer a clear path to homeownership. This can be very helpful if one cannot obtain a traditional mortgage due to credit issues or lack of a down payment or if not sure about buying a home because of possible job or career changes.Time to Improve Credit Score - Rent-to own agreement provide tenants with an opportunity to improve their credit score over time; increasing their chances of securing a mo...
Comments
1