What Are The Benefits Of Renting To Own?
The benefits of choosing Rent to-Own include securing market value to developing equity and having the chance to move into a home sooner. Potential buyers have the opportunity to fix financial difficulties that will benefit them in the long term, plus get to try out their home before having the option to have a long-term mortgage.
- allows you time to repair your credit
- allows you time to build up a down payment
- allows you time to build home-equity
- lock-in a home's purchase price
- move in a home sooner (without paying full price)
As with most things, nothing is without risk. Read this article on How To Protect Yourself From The Possible Pitfalls of Rent to Own.
Contents
- What is Rent to Own?
- A Rent to Own Primer
- Who is Rent to Own Perfect For?
- How Does Rent to Own Work?
- What are the benefits of renting to own?
- 6 Ways To Protect Yourself From Possible Pitfalls of Rent to Own
- Where can I locate rent to own home sellers?
- Getting one's credit in order
- RTO Homes are not for everyone / Who should NOT get into RTO
- Lease Option Contract
- How to get started with RTO?
- What other documents you need when renting to own?
- Safety Checklist for Homebuyers
- Moving Checklist
- First time Renters Reminders
- Why some RTO Agreements Fail
- Top Misconception about RTO arrangements
- How To Identify a RTO Scam
- Budgeting for Rent to Own Success
- Pros and cons of lease option for sellers