Five Great Advantages of Rent to Own

There are many advantages to buying a home through the Rent to Own process. Whether you call it Rent to Own, Lease Purchase, Lease with an Option to buy, or by any other name, there are many good reasons to move toward home ownership this way.

Here are five good reasons to start with:

1. Low Down Payment: A conventional purchase of a home requires a substantial down payment, sometimes as much as 20 to 30 percent of the purchase price. If you don't have a spare $40,000 or more burning a hole in your pocket, Rent to Own is your ticket to home ownership.

2. Rent Money Is Working For You: Rich people know that putting their money to work is essential to financial stability. When you enter into a Rent to Own contract, you are putting your rent money to work for you and your financial future. In most Rent to Own situations, a portion of your monthy rent -- sometimes even 100 percent -- is credited toward the purchase price of your new home.

3. Option Consideration is Credited: The money you put down toward a Rent to Own home is called "option consideration." This money goes toward the purchase price of the home, and the amount you put down is then increased with monthly rent credit as well.

4. Purchase Price is Locked In: In most Rent to Own agreements, the purchase price of the home is locked in for a specified period of time. This is typically one year, though it may be more. In some cases the price may increase after one or more years, but you'll still have the benefit of locking in a reasonable price.

5. Appreciation: After several lean years, the housing market and home prices are now back to what they have done for the majority of the past 200 years in America -- appreciate in value! Yes, home values are rising nationwide and have been doing so since early 2012 or even 2011 in some markets. If the home you Rent to Own appreciates while you are renting, you will have earned valuable equity even before you've completed the purchase!

We always have a variety of Rent to Own homes available, with more coming in week by week. Visit our website to see what's available now, and be sure to join our mailing list so you won't miss any good opportunities!

Stop by our site today: MyHappyHomeSolutions.com