Home sellers today who are having difficulty selling in a slow market may be interested in lease-to-own as a way of encouraging a future sale and generating rental income while they wait. Would-be home purchasers who have seen their credit scores decline because of payment problems or who can’t meet the higher credit scores and down payments required today are attracted to lease-to-own as a possible avenue to homeownership. The subprime mortgage — an alternative route to homeownership — has been closed and will stay closed indefinitely.
‘Lease-to-own’ arrangements gain traction in shaky market
Most Popular Articles
Latest Articles
2024 is not the year to cut corners on staging — here’s why
With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.