What are the benefits of renting to own home vs. just flat out owning home?

Question

Please explain the pros and cons, and please provide knowledge of any associations dedicated to helping out with the cost of renting to own in Atlanta, GA.

Answer 1

Rent to own / lease options are a benefit to those that may have less than "perfect" credit and cannot secure a reasonable mortgage rate at the present time.

It is beneficial to those that may not have a down payment to purchase at the present time.

It affords you time to increase your credit scores to secure a better rate in the future.

Consult with a Realtor in Atlanta that can quickly identify lease options for you.

Good luck~

Answer 2

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Answer 3

There are few benefits to renting, the only one I can think of is that you dont have to fix anything. In some markets, it has also become cheaper to rent.

Bottom line, if you can afford to buy a house, and you plan on being in a place for any amount of time, Id seriously recommend this route.

Answer 4

Pro to renting: Much easier to move. Little no personal knowledge of maintenance of a property needed.

Cons to renting: You tend to pay more for housing, as you pay the cost of the housing PLUS a profit margin for the owner. You build no asset (equity) from the payments. Less control over where you live (Owner can ask/force you to move). Less control over the amenities of the property.

Answer 5

Rent To Own Home : http://RentToOwnHome.uzaev.com/?NTpy

Answer 6

maximum lease to possess situations incorporate further costs and costs.. as a result, on splendid of paying activity and costs to purely the economic enterprise or loan holder, you're greater effective than possibly paying further costs to the employer or man or woman conserving the loan. decrease the midsection guy out and shrink you costs.