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Top 3 Benefits Of Rent To Own
Programs
• As one can only know the ins and outs of property only after having
lived there for a period of time, a rent to own program enables
renters to experience the neighbourhood and the house itself before
committing. This means you will actually have two option when the
contract ends: save enough money to apply got a down payment on
the property, or just leave and find another place that suits your
needs more.
3.
Getting more than what you’ve asked for
• Due to the fact that the property price is negotiated between both
sides, this means that price is fixed and final. Should the property’s
value increase over time, the renter fully benefits from that and the
owner is not entitled to increase the price. While this sounds like a
great plus, it is equally important to bear in mind if things go south
and the price gets reduced. This is a risk that you would have to take,
but having experts evaluate everything for you prior to binding
yourself to a contract can help foresee future trends and predict the
market.