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Are you considering renting to own a home? Before doing so, understand the common problems for rent to own homes.
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Scooped by Bill Gassett |
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There will come a time in one's life when you are ready to make the move towards homeownership. The question becomes whether or not that time will get here before you are financially able to purchase a home.
For some folks, an option will be renting to own a home. There are, however, some downsides worth noting when it comes to a rent to own agreement.
In the article at Active Rain, you will see some of the disadvantages of going the rent to own route. The take-home message is that these kinds of agreements don't work for everyone.
Get educated so you know both the pros and cons for this kind of real estate contract.