Every time the market heats up you'll start to see signs on street corners advertising rent-to-own or lease purchase homes. Many buyers are attracted to this option because it presents itself as a way to buy a home with less out of pocket expense than traditional. Unfortunately, most of the time things are not as they seem with "rent to own" homes. While occasionally there are good deals out there, the entire lease-purchase industry has a bad name due to the scams, fees, and expenses you may not know about ahead of time that can put you in a bad spot long-term.
Times Where You Can Look Into Rent to Own Opportunities
The idea is simple. A home seller wants to sell their home and instead of selling it outright, they offer it for lease with an…
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