Bad Credit Score
One of the main reasons why rent to own agreements are attractive
to renters is because they can engage to a contract even though
they have a bad credit status. He or she can improve their credit
rating by renting the property and later on, they may be able to
get a loan to purchase the property.
Test Out The Property
By renting a lease to own property, you have the chance to
actually live in and inspect the home and decide whether it is a
wise decision to buy it or not. Later on, you have the option to
leave the property if you find some problems with it.
Price Appreciation
The contract price upon negotiation is fixed and final. That means
where there is a price appreciation, the purchase price remains
the same and the seller cannot increase the prices throughout the
contract time frame. While this is a great advantage to rent to
own homes, and if the value goes the other direction, you can walk
away.