Admin

rent to own

By
Real Estate Broker/Owner with Zoom Real Estate

Just read an article that mentioned rent to own programs where now becoming favorable again. When it was so easy to obtain a mortgage, not many were interested in renting at all. Now that things have changed, lease options are becoming a great tool to create a bridge from renting to owning. If a developer or owner is willing to provide a portion of the monthly rent payment and apply it to the purchase price when/if they do purchase. It provides cash to the owner during a time when then would not be getting any. It also provides a way for potential purchases to have an affordable way to home ownership. A great option in the market today for those who are willing to do it!