What You Need to Know About Rent to Own Homes
Is it better to live in rent to own homes, rent, or buy? The answer, like many things, depends. Everyone’s personal circumstances are different and the decision should always be made on those circumstances.
How do Rent to Own Homes Work?
This depends on your contract
Your Rental agreement
The maintenance you agree to
Click to see further details about each point
What is Your Rent in a Rent to Own Home?
This is definitely negotiable, but expect to pay about 15-20% more than an actual rental!
The Pros of a Rent to Own Home
For the Buyer - this is one way around a traditional mortgage For Sellers - You make more money on the sale and your tenants will definitely care for the house!
Cons of a Rent to Own Home
For the Buyer - It's more pricey & you still need to secure downpayment! For the Seller - You are closed to other offers!
For more details,
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