BuyingAHome-JenniferChristenot

free using it as another means of personal expression. When
you rent however, that property still belongs to someone else
so even if you just want to touch up the paint job, you’ll have to
get written permission, which can be difficult to get and isn’t
always granted.
13.) Are rent-to-own properties a good idea?
Rent-to-own properties can sound like a great idea, especially
for homebuyers that don’t feel as though they can afford to
take on a whole mortgage but also want to get out of the hole
of renting and start investing in a home of their own. But rentto-own
agreements can be very complex and often, they don’t
end up very favorable for the buyer.
You can find rent-to-own properties through a real estate
agency, companies that specialize in rent-to-owns, or private
owners that are willing to sell their home over time, through
a rent-to-own contract. With these contracts, buyers will still
make a payment over time. A portion of this payment will be
put towards the rental of the property for the time the buyer/
tenant is living there; and the other portion of the payment will
be put towards the down payment on the home for when the
buyer fully purchases the property in the future.
Many buyers typically look for rent-to-own properties because
their credit score is not high enough to get them approved
for a traditional loan; and this is the reason why these types of
purchases are not usually ideal for the buyer. The risk on the
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FAQ’S ABOUT BUYING A HOME | JENNIFER CHRISTENOT