The current home market seems impossible to buck. The one advantage though is that more creative options are becoming more common to navigate the apparent road blocks to owning a home.
'Renting to own', or 'lease to own' provides the opportunity for a home buyer to try out a home, repair or establish their finances, while providing the home seller the chance to not lose their home waiting for the right buyer to come along in this market.
Moving into the home as a renter allows you to see if the home is the right fit, and experience the neighbhorhood first hand. At the same time, it gives you time to meet with a mortgage lender or financial advisor and determine what you need to do in order to quailfy for a loan…all while living in the home you want to buy!
If you are able to follow your financial plan diligantly, 'lease to own' might be the perfect option to get yourself into the home of your dreams!
Let me know if you would like to find out about 'rent to own' homes in the Fort Lauderdale, Florida area.