Rent to own should be on the rise while renters will start to see a REAL benefit to owning a home in 2011. According to this article written by CNN.
Economists predict a continued increase in rental rates while home prices will become more affordable than ever. The market should start to take a turn for purchasing real estate.
“By mid 2011 and certainly by end of 2011, buying will be superior to renting in most parts of the country”, Zandi says.
With buyers typically needing a 20% down payment and damaged credit from the previous housing crisis, using a rent to own will be a VERY attractive option in 2011.
While searching for your next rental or purchase, make sure to check out our section here discussing how does rent to own work.
It’s understandable that money makes us autonomous. But what to do when someone has no money? The only one way is to try to get the loans or just commercial loan.