Rent To Own – (4) Reasons Why You Should Rent To Own A Home!
#1. A rent to own is a great way to purchase a home if you have Bad Credit!
With the world being in a recession to some degree it’s no secret that this global
slowdown has impacted everyday people dramatically. In fact, due to the global credit
crisis even people with good credit are having issues getting approved for a mortgage.
So this has created an opportunity for people with bad credit because most homes for sale
via rent to own are designed for people with bad credit. By buying a home as a rent to
own you get to work on your credit while you are working on owning the home at the
#2. A rent to own allows you to lock-in a future purchase price today, potentially
capturing thousands of dollars in future appreciation!
This is by far the best reason in my opinion to rent to own a home. You get to negotiate
and agree in writing on the price on an asset that will in most cases appreciate in value 2-
3% a year while you live there! Awesome right...
Add that to the fact, that you also get a monthly rent credit for on-time payment and you
now have the makings of a very profitable transaction. In essence, a rent to own
agreement can be very profitable when you know what to look for.
#3. Buying via a rent to own allows you maximum flexibility if you need to move!
Many people are fearful of the long term commitment associated with owning a home
and therefore they become life-long renters. The beauty in a well negotiated rent to own
is it offers you the flexibility to either purchase the home or simply walk away at the end
of the lease agreement with no penalty.
#4. Buying via a rent to own can be thousands of dollars cheaper than a
conventional home purchase.
Many people don’t realize that with sound negotiation strategies and a few tips you can
negotiate a rent to own for as little as 1 months’ deposit. That is huge when you consider
that the average needs roughly 8% of the sales price to get into a home and her