Buying Your First or Next Home
The benefits of renting to own are tremendous!
Now you may be asking yourself, what are other benefits of doing a rent to own? Listed below are just some of the many benefits that you can have by utilizing this strategy to buy your next home.
- You don’t need a huge down payment to move into your dream home. Most banks require 10-20%. We take far less as an upfront payment. This is 100% credited towards the purchase price of the home.
- You don’t need to be perfect. We understand that you may have a few bumps and bruises on your credit report.
- We apply a large portion of your rent towards the purchase of the property. Try asking your landlord for that!
- You can lock in the price of your property today. If the house goes up in value, you get the appreciation value.
- You have the right to buy, not the obligation. You can check out the house and neighborhood to make sure you like it.
- Financing for a property will eventually be important. You can take your time and shop around for the best rates and terms while you are living in the property. This will save you thousands of dollars alone.
- You don’t have to pay property taxes until you buy the property.
It’s obvious that rent to own is much more advantageous than just merely renting or immediately buying a home without first checking out the neighborhood and shopping around for the best financing which may be available to you. Why rush yourself?