Both the buyer and the seller can benefit from this type of home sale. If the buyer expect to be in a better financial place in the next few years, this option can make sense. Rent to own is a way to buy or sell something over time, giving the buyer an “option” to purchase at some point in the future.
Poor/Low Credit Scores Work!
If a user has poor or low credit and can not typically get a standard home loan, rent to own is also a good option.
Other Great Reasons
- Lock in the Purchase Price
- Test Drive the Home Before Committing
- Less Moves Compared to Short Term Rentals
- Build Equity