Rent to Buy Pros and Cons
Posted by NewBuyer on January 2, 2010 | No Comments
One of our favorite resources that explains the pros and cons of rent-to-buy contracts. Many points are covered in this compact article, such as: how a rent-to-buy agreement works, pitfalls for the buyer, advantages for the seller and for whom a rent-to-buy contract works best.
From the resource: “(Rent-to-buy contracts) can be helpful for those sitting on the fence but shouldn’t be utilized by anyone who isn’t serious about eventually buying the home. Rent-to-buy should be made as part of a plan to own a home, otherwise it will end up costing more money in fees and above-market rent payments. Make sure the eventual purchase is driving the decision to enter a rent-to-buy.”
Source: ForSalebyOwner.com
Read More About Renting to Buy a Home at Newbuyer.com
Tags: rent or buy
Filed Under: Home Buying
