The housing market is making its comeback, and the properties that are really selling like hotcakes are the rent to own properties. These house for rent by owner properties are some of the best choices for those looking for a great place to live, for a number of reasons:
Buyers can evaluate the location of a home without having to buy a house and pay for it for the next 30 years. They can spend a few years in the same location, and they have a bit more flexibility regarding whether or not they will purchase the home.
The seller doesn't need to pay any commissions to real estate agents, as the rent to own properties are usually a house for rent by owner. The lease option agreement is usually between the owner and renter, and there is no need for anyone else to be involved.
A renter can put down roots; enrol their children in a nearby school, and get on with the pleasure of living in their dream home without the pressure that is commonplace when purchasing a home or property.
Rent to own homes provide a solution for those with a less than satisfactory credit rating which means that problem effectively becomes null and void. While the contract between the renter and owner is in effect, the renter can focus on improving or repairing their credit rating, which in turn means that they can purchase the house when the lease is finished if they so choose without worrying about approval and so on.
As a homeowner, you are targeting a wider demographic, because you are marketing the property not only to those that purchase immediately, but also to those that will be able to do so in the future. This means that you stand a greater chance of selling the property than those who prefer to sell immediately.
The occupant is responsible for the upkeep of the property, which means that as a homeowner you have the peace of mind knowing that your property will be cared for in the interim. On the other hand, as a potential buyer, you know that the property will be in sound condition because the homeowner is looking to make a sale, either promptly or further on down the line.
For those who can only consider purchasing a property further down the line for whatever reason, lease to own options are therefore ideal.
If you visit realtystore.com you will soon discover that they have a vast database of rent to own homes nationwide, as well as information about this popular option. Also, you can learn a lot more about lease to own when you visit their website, meaning that you might find you can own your dream home simply by taking advantage of rent to own homes.
Source: http://propertyforindustry.com/real-estate/lease-to-own-properties-a-viable-alternative/
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