Why Rent To Own A Home?
Whether it’s WV, Eastern KY or North-East TN, there are a lot of benefits of a rent to own; or creative finance agreement on your next home!
Here in the Central Appalachian Region, lots of smart people are using rent-to-own agreements as a way to get the home of their dreams without having to qualify for a bank loan right away.
In the past few years, banks have been very tight on their lending criteria. And, interest rates are going up by the week! Most people who use a rent to own agreement want a few years to get ready to qualify.
Here are a few more reasons to use creative finance or a rent-to-own agreement:
- Try before you buy! You get to live in your rented home before you actually purchase it, allowing you to make sure it’s actually your dream home. If you don’t like the house, you don’t have to complete the purchase.
- Own without great credit or a big down payment. You can start feeling like a homeowner right away while saving up and improving your credit.
- Privacy. You’re not listed as the purchaser on any public records until the closing takes place, giving you years of privacy.
- Profit from home appreciation right away. Many homes are worth more on the day of purchase than the price that you’re paying! This can be huge money.
- Move in fast. Since you don’t have to wait for a mortgage, you can often move in right away – and get started living a new life in the home of your dreams!
So don’t wait!