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Many Buyers are not ready to buy their own home just yet. There are plenty of reasons for this: they may want to wait until the market changes, they may need some time to repair credit issues, they may even just want to make sure the home they have chosen is the right one for them. Because of current market conditions, Sellers and Investors are looking for people who want to Rent-to-Own. Home inventory is very high and they need alternatives to regular sales. The Rent-to-Own market is thriving right now and its a great time to take advantage of it. With a Rent-to-Own property, a portion of your monthly rent can go towards the purchase price of the property, so you are potentially gaining equity each month you pay rent. Considering the fact that most of a monthly mortgage payment goes towards interest as well, the portion of rent equity you receive can often equal or exceed that of paying a mortgage. This type of arrangement gives you time to improve your credit and get a better rate on a mortgage, save for a down payment, or decide if you really want to own that home. It can be difficult to find Rent-to-Own properties; our Agents can work with you to create a personalized list of available Rent-to-Own homes, view the homes with you, and work with you through the contract and closing process. Rent-to-Own brings you closer to owning your own home. To get started, please tell us about what you are looking for here, or to develop your list with an agent directly please Contact Us now. |
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