Presenting three types of buyers who can benefit from rent-to-own programs.
Do you find yourself torn between biting the bullet and purchasing or slowing down to rent a home instead? With a rent-to-own program, you can have the best of both worlds! The benefits of these programs are endless. It allows you to choose your home off the open market, try it out, have an escape hatch should you need it, or take an easier path toward homeownership. In my opinion, there are three main types of buyers that can benefit from these programs:
1. Relocating buyers. The DFW area has a lot of buyers who are moving here from other areas. Many of them don’t know the region, so they take advantage of rent-to-own programs to get more familiar with things before committing to a location.
2. Buyers who need to improve their credit scores. If your credit score isn’t where you want it to be, a rent-to-own program is a great way to improve your score while still working toward your dream of homeownership.
“Buyers using rent-to-own programs have a lot of options.”
3. Buyers who need more time to save for a down payment. If you don’t have the necessary funds for a down payment right now, these programs are a great way to live in your house while saving. Even if you have enough for a minimal down payment, this is a great way to work up to 20%.
There are many benefits to rent-to-own programs, and one example is that the process of applying is very similar to signing a normal rental lease. Therefore, there aren’t a lot of hoops to jump through. You also have tons of terms and options to choose from, so you can find a situation that fits your needs.
If you are seriously considering a rent-to-own program, please call or email us. We are always willing to help!
