The appeal of lease-to-own homes in Oklahoma City is on the rise, as more and more people want better options for homeownership. These real estate transactions allow people to live in a property as a tenant, with the expectation by both the renter and the seller that, within a specified period, the renter will secure financing to buy the property. Here are some of the reasons why people are choosing this unique buying option.
Great for People with Iffy Credit
People who have credit issues have a harder time securing a home loan at a competitive rate. Prospective homeowners who are working on improving their credit rating find that it’s easier to rent a home than purchase one. The lease-to-own option allows these individuals to get into a home they want to own, and gives them the time they need to improve their credit and secure a quality loan to purchase the home.
Lock In the Purchase Price
Home prices can fluctuate greatly. Homeowners who find their dream home, but don’t yet have the means to purchase it, may find that rent-to-own programs allow them to lock in the purchase price. This works to homeowners’ advantages in a buyer’s market when prices are typically lower.
No More Buyer’s Remorse
Lease-to-own homes in Oklahoma City allow prospective homebuyers to try out a home or a neighborhood. As long as their contract allows it, renters can choose not to buy the home, and after their lease is up, move on to another property. It’s a flexible solution for people who aren’t sure what they want in a new home.
Individuals interested in learning more about these programs should contact Rent to Own America at or call us at 000-000-0000.
