Should you consider a rent-to-own option or Lease purchase?
Rent-to-own options or Lease Purchase a can be beneficial. Consider the following benefits:
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.
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.
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 mortgage when the purchase option is exercised.
For more information, contact me to see how you can buy a property with a lease purchase or rent-to-own option.
Cliff Johnson
Home Smart
Real Estate Agent
(678)495-6050
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