Don’t overlook the advantages that come with entering homeownership through the rent-to-own sector of real estate in the Modesto market. When you rent to own in Modesto, the arrangements usually last a year or two before you purchase the property outright. This is appealing to buyers who wouldn’t necessarily be successful in acquiring a traditional mortgage at this time. The asking price may be set higher, because of the opportunities offered to buyers with little down payment, credit issues, or simply wanting a trial run. Additionally, the price is slightly higher when you rent to own in Modesto because the seller is willing to wait, in order to make a larger profit overall.
When you rent to own in Modesto, you also know your neighbors likely have more of a financial and emotional investment, than the average renter would. They’re invested in the neighborhood itself, as well as their own property and in being good neighbors. There is value in being located in a community with planned recreational amenities and schools are usually near for families.
We’ll take a look at these 5 quick facts buyers should know about rent to own in Modesto.
No Credit History
Making the Down Payment
We here at Valley Home Offers are happy to provide even more facts buyers should know about purchasing a rent to own property in Modesto. Send us a message if you have any questions about the process or call (209)588-7100 today to learn more!