Good things for rent to own:
1. if the house price goes down after 2 years, you have the choice not to buy.
2. no big down payment.
3. for people with bad credit, they got a chance to buy the house this way.
The bad things for rent to own:
1. the $1400 could be higher then normal market renting price for similar TH.
2. maybe they will ask for some deposit. and if you don't buy the TH after 2 ro 3 years, the deposit is gone.
3. the agreed buying price is normaly higher then the market price.
4.normaly you pay higher rent, and if you don't buy, you lost the money, they will not refund the credit to you. (credit means if you buy, some of the money you paid as rent will be as you paid principle.
1. if the house price goes down after 2 years, you have the choice not to buy.
2. no big down payment.
3. for people with bad credit, they got a chance to buy the house this way.
The bad things for rent to own:
1. the $1400 could be higher then normal market renting price for similar TH.
2. maybe they will ask for some deposit. and if you don't buy the TH after 2 ro 3 years, the deposit is gone.
3. the agreed buying price is normaly higher then the market price.
4.normaly you pay higher rent, and if you don't buy, you lost the money, they will not refund the credit to you. (credit means if you buy, some of the money you paid as rent will be as you paid principle.