Are You Ready to Buy? If Not, is "Rent to Own" Still a Good Option?

[dropcap2]It[/dropcap2] seems like everywhere you turn you can’t help but notice & hear how low mortgage rates are.  Many are taking advantage of this and well-packaged homes are selling for over asking with multiple offers! There are also those who may not be financially ready to take advantage of the current conditions, for a multitude of potential reasons, limiting their options.

Having the lease back option may make sense in certain scenarios, and may make sense, especially during difficult times such as unemployment, foreclosure or other hardships, where time is needed to regain footing. It is also much cheaper and a great back up for someone looking to cash in on a short sale purchase but needs housing until the deal closes, usually at an uncertain date.

Whatever your reason, we recommend exploring all your options to make the decision based on your goals and dream of home-ownership. Our job, as Realtors is to provide with all the knowledge and guidance to do that!

 Is lease/own a good idea for you?

Norma Mardelli

Top 2% Coldwell Banker Internationally Luxury Homes Specialist Representing: Pasadena, San Marino, La Cañada, South Pasadena, Arcadia, Sierra Madre, Altadena, San Gabriel, Alhambra, Glendale, La Crescenta

This Post Has One Comment

  1. Tommy Morin

    I agree that rent to own is a good option then renting a real estate property, but you should be aware of the positive and negative effects of this option by talking to your broker.

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