You’re tired of renting. You’ve long wanted to buy your own home but
your credit scores simply aren’t high enough. Don’t despair, though, you
have one other option: You can rent to own.
As the housing market has slumped and sellers
struggle to move their residences, you might be seeing a growing number
of “For Rent” signs replacing “For Sale” versions in your neighborhood.
That’s because housing prices have fallen so steeply. Many owners know
that they won’t get the price they want for their homes in today’s real
estate market. So a growing number of them are offering to rent out
their homes as they wait out the bad real estate market.
This provides sellers with at least some income while they wait for housing values to start rising again.