A rent-to-own property is intended to let you live in a space before deciding if you’d like to buy it. Owner Seller financing lets you go ahead and begin the buying process. It’s a little like leasing a car versus buying a car.
In the first situation, the seller will act as your landlord until you purchase the property. That means you may not be able to make changes to the home and will likely have a set of rules to abide by. You also face the risk of being evicted if the owner fails to pay the mortgage, or decides to sell the property.
In a seller-financing situation, ownership changes hands immediately. That means you don’t have a landlord or the rules and restrictions that come with them. You can begin treating the house as your home and designing it for your unique needs. The only interaction you’ll need to have with the seller is making your payments.
If you’re ready to move on from the renting world, seller financing is a better option for you. It’ll save you time and money in the long run and provide you with freedom and security.
Now that you know the basics, let’s move on to what services you can expect when you choose Houston Owner Financing.