Renting to own a home is a smart decision. In fact, it can help you achieve your American Dream. As you may know, there’s no better way to get into home ownership than by renting-to-own.
What is Rent to Own?
Rent to own is an agreement between a landlord and a tenant where the tenant pays an agreed-upon amount of rent each month and has the opportunity to purchase the property at a later date.
In a rent-to-own agreement, the tenant will also pay an option fee, which is an upfront fee that gives the tenant the right to purchase the property at a set price. The option fee is typically non-refundable, but it can be applied to the purchase price at the time of purchase.
Why Rent to Own Homes in Raleigh, NC?
Rent to own homes in Raleigh, NC are a great option for those looking to purchase a home without a large down payment. By entering into a rent-to-own agreement, the tenant is able to live in the home as if they own it and have time to save up for a down payment.
Rent to own also allows tenants to purchase a home if they have bad credit or a low credit score, as the option fee can be used as a down payment.
Benefits of Rent to Own
Rent to own homes in Raleigh, NC offer many benefits to potential buyers. Rent to own allows buyers to live in the home prior to purchasing, which can help them make sure the house is a good fit for their needs.
Additionally, rent to own allows buyers to save for a down payment without the pressure of having to purchase the home immediately.
Lastly, rent to own can help buyers build up their credit score, as the payments will be reported to the credit bureaus.
Find Rent to Own Homes in Raleigh, NC
At Rent-To-OwnHomesListings, they offer a wide selection of rent to own homes in Raleigh, NC. Their team of experienced professionals can help you find the perfect home to fit your needs and budget. Contact them today to learn more about their rent to own homes in Raleigh, NC.
Start living the American Dream today with rent to own homes in Raleigh, NC. Contact Rent-To-OwnHomesListings to learn more.