In a nut shell rent-to-own houses can be said as 'try before you buy'.
This new concept of buying property has gained immense popularity among the Americans mainly because one does not have to pay a huge down payment to buy a property.
This concept which once was related to furniture and home appliances has gained so much popularity that it has now become a well-accepted concept in the real estate business as well.
Rent-to-own-houses work well with every one planning or trying to buy a property, but do not have a huge amount put together.
So investing in a rent-to-own house can be the best possible financial solution for you.
So don't panic over your credit score, for you don't even have to go for one! You won't even need financing from the bank for you will initially rent out a property and will just sign an agreement with an option to buy it in the future.
This is an extremely good option for those with no established or bad credit history.
Another thing to consider is that with rent-to-own houses you may end up buying your dream property for a dream price in an expensive and posh locality in the US in cities like Las Vegas, Dallas, Florida or even Los Angeles where the price of properties has doubled in the last 6 years! You will come out a real gainer in such cases! Rent-to-own-houses also offer the option to walk out when your lease expires - the option to choose a better location and a better property is always open.
Also when signing the lease for the rent-to-own houses, a predetermined selling price is given to the seller and a portion of the monthly rent is kept aside for the optional future purchase of the property, which is normally less than $100.
Rent-to-own-houses actually provide you the option to own your dream home at a reasonable down payment and in monthly installments.
So your dream of owning a home in a nice neighborhood can turn out to be true and at the same time reasonable.
Moreover renting the property gives you enough time to decide whether you want to stick to the property or move on.
Also, if the property is in an area like Michigan, Ohio, or Texas you might not want to rush into buying the property.
Rent-to-own houses are a very good option because you can get hold of the property without the bank financing it and at the same time you get a chance to improve your credit history, stabilize your job, or finalize where to stay.
Just keep in mind that rent-to-own houses may be your ticket to that dream house!
This new concept of buying property has gained immense popularity among the Americans mainly because one does not have to pay a huge down payment to buy a property.
This concept which once was related to furniture and home appliances has gained so much popularity that it has now become a well-accepted concept in the real estate business as well.
Rent-to-own-houses work well with every one planning or trying to buy a property, but do not have a huge amount put together.
So investing in a rent-to-own house can be the best possible financial solution for you.
So don't panic over your credit score, for you don't even have to go for one! You won't even need financing from the bank for you will initially rent out a property and will just sign an agreement with an option to buy it in the future.
This is an extremely good option for those with no established or bad credit history.
Another thing to consider is that with rent-to-own houses you may end up buying your dream property for a dream price in an expensive and posh locality in the US in cities like Las Vegas, Dallas, Florida or even Los Angeles where the price of properties has doubled in the last 6 years! You will come out a real gainer in such cases! Rent-to-own-houses also offer the option to walk out when your lease expires - the option to choose a better location and a better property is always open.
Also when signing the lease for the rent-to-own houses, a predetermined selling price is given to the seller and a portion of the monthly rent is kept aside for the optional future purchase of the property, which is normally less than $100.
Rent-to-own-houses actually provide you the option to own your dream home at a reasonable down payment and in monthly installments.
So your dream of owning a home in a nice neighborhood can turn out to be true and at the same time reasonable.
Moreover renting the property gives you enough time to decide whether you want to stick to the property or move on.
Also, if the property is in an area like Michigan, Ohio, or Texas you might not want to rush into buying the property.
Rent-to-own houses are a very good option because you can get hold of the property without the bank financing it and at the same time you get a chance to improve your credit history, stabilize your job, or finalize where to stay.
Just keep in mind that rent-to-own houses may be your ticket to that dream house!