Rent-to-Own
Rent-to-own is becoming popular once again
Rent-to-own options are gaining favor again after falling out of favor during the last few decades when mortgages were easy to get.
The advantage of rent-to-own to a buyer includes a way around poor credit and an opportunity to rebuild credit worthiness and get in a home and position oneself a to obtain a mortgage.
For sellers, it offers cash flow from a property that might otherwise just be sitting there.
In some parts of the country, like Florida, rent-to-own arrangements are fairly commonplace; but in other parts of the country, buyers and sellers are only beginning to experiment with this form of purchase.
For developers it can be very beneficial as a tool to market their idle spec homes and produce cash flow to keep their lenders happy.
If you have any questions about this type of sale, please email me at Barbara@BGaines.com or call me at 800-923-3245.
Rent-to-own options are gaining favor again after falling out of favor during the last few decades when mortgages were easy to get.
The advantage of rent-to-own to a buyer includes a way around poor credit and an opportunity to rebuild credit worthiness and get in a home and position oneself a to obtain a mortgage.
For sellers, it offers cash flow from a property that might otherwise just be sitting there.
In some parts of the country, like Florida, rent-to-own arrangements are fairly commonplace; but in other parts of the country, buyers and sellers are only beginning to experiment with this form of purchase.
For developers it can be very beneficial as a tool to market their idle spec homes and produce cash flow to keep their lenders happy.
If you have any questions about this type of sale, please email me at Barbara@BGaines.com or call me at 800-923-3245.
posted by Barbara Gaines at 8:37 AM
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