With housing becoming less and less affordable every year, first time homebuyers are constantly seeking out alternative paths to home ownership. One of the burgeoning ways to do so is the ‘rent-to-own’ scheme. So how exactly does the scheme work? Your Menifee, CA real estate professional share the following information with you so you may know if rent-to-own is a home ownership avenue you might consider taking.
What is rent-to-own?
A rent-to-own scheme is basically a leasing arrangement wherein a prospective buyer pays monthly rent to the owner with a percentage of the payment allocated for a home purchase later. Read more from this blog: http://bit.ly/2o23anR
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