Why Leasing A Home Is Better For The Buyers?
Join 1000's of Authors at StreetArticles Today!

Why Leasing A Home is Better For the Buyers?

If you're looking to move into another house, among the first decisions you need to make is whether you want to purchase or lease a property. They all have numerous distinct positives and negatives, so it is important to think about every thing before you buy a home.

I'm going to explain to you why a lease option is far better than purchasing.

Option price

Another advantage is the time when the renter/buyer is uncertain about the direction of the industry and doesn't want to pay the current price because of fear the market will drop and they'll end up with a house that is worth less than what they paid for it. In such a case the renter/buyer can secure a future price. In case the market is above that price at the time of purchase you can buy the property and have instant equity, or, if the market is below that price you can negotiate or not buy the property at all.

Maintenance

When you purchase a property, you'll be required to perform any repairs and maintenance on your own. This is an enormous drain on resources, particularly when your budget is such that you'll struggle to make mortgage repayments if something goes wrong with the property.

Yet, with leasing the typical maintenance of the property as well as its features is less of an issue. Although you will often have to wait quite some time to get an issue fixed, your responsibility depends on letting the home owner know about any issues that you're dealing with. It's then an issue that they're going to have to manage to make sure they're offering the living conditions that were promised to you.

Less Money Down

If you need to get into the real estate market, however you are not all set to make the big leap and get a house, you could always lease a house as an alternative. The truth is, this is a great move for most people who are not quite ready to buy a home. You will get lesser payments once you lease.

The Property Market

When you lease a house you will not need to worry about fluctuations in the real estate market having an effect on the overall price of your home, as you don't own it. Instead, all you need to be worried about is making the rent payments when they're due.

This can be perfect for people who want to dip their toes into the real estate market and experience living on their own the very first time, without having to worry about the burden of responsibility that owning a property carries.

Have accessibility to immediate home ownership chances

The lease to buy option, exactly like its name implies, first begins as a lease agreement between you and the home-owner. But instead of just renting out the home, you're given the chance to get it right after the lease agreement ends. This then translates to instant home ownership, as you are essentially already considered the owner of the home when you move in.


Street Talk

No comments present
You May Also Like
8 Reasons Why Families Should Choose Condo Over Traditional House And Lot Living
Settling in massive houses has been the norm for families in multiple countries. However, through the years, these houses have become bigger and families began having fewer children. Parents started working longer hours while their kids stayed in their room and occupied themselves with gadgets. Due to this arrangement, families…
By: oliviacoore in  Real Estate  >  Buying   Jun 06, 2016  
0
  Likes: 0

How Buyer’s Agent Can Make Your Life Easier
Buyer’s agents charge a fee for finding, vetting and purchasing a property on your behalf. You might wonder why people pay more money in what is already an expensive process. Their job is to help you through the process. The reason is because they are trusted experts who are shepherding…
By: Maria_Williams in  Real Estate  >  Buying   May 18, 2016  
0
  Likes: 0

Vahe Hayrapetian Elaborates How Location Affects Your Property Value
You may have already heard that location is one of the primary factors that affect a property’s value. It is no secret that some areas are just more desirable to live in than others and are, then, more expensive. There are also certain landmarks and structures around your home which…
By: Terrence Wright in  Real Estate  >  Buying   May 06, 2016  
0
  Likes: 0

Profit Maximization And Rental Property
Ecuador is a popular south American country which is right on the equator basically overlapping it, the country is blessed with many attractive spots such as the amazon jungle, Andean highlands and other such wonderful locations, the capital of this beautiful country is Quito and the official language is Spanish,…
By: Anrew Stieve in  Real Estate  >  Buying   Apr 29, 2016  
0
  Likes: 0

How to Buy Real Estate In Ecuador?
Real estate is probably one of the most famous thing in the world. There are always people who want to buyer new properties for themselves or perhaps sell it off and start a new business. This is what keeps real estate running and it seems that it will never stop.…
By: Anrew Stieve in  Real Estate  >  Buying   Apr 29, 2016  
0
  Likes: 0

Home Buying Pointers Before Approaching Lenders Like Vahe Hayrapetian
Whether you’re looking for a place to move into from your parent’s basement, or if you want an upgrade to your current living quarters, purchasing a home is never an easy task. Unless you have millions of dollars stored in your bank account, financing a new home and looking for…
By: Terrence Wright in  Real Estate  >  Buying   Apr 28, 2016  
0
  Likes: 0

What Makes A House A Good Buy In A Bad Market
Even though the real estate market is suffering, buyers can still find great deals on nice properties if they only know how and where to look. This is a lot easier said than done, however. In this article, we will talk about various tips you can use to make sure…
By: Kim Valerio in  Real Estate  >  Buying   Apr 08, 2016  
0
  Likes: 0

Instillations That Must Be Available In Every Classy Apartment
INSTALATIONS THAT MUST BE AVAILABLE IN EVERY CLASSY APPARTMENT Apartments for rent Scarborough offers you some of the best services in the region. Every service that you receive from the management of these apartments is meant to make your stay more interesting. There is however a possibility that some managements…
By: Gloria5 in  Real Estate  >  Buying   Apr 06, 2016  
0
  Likes: 0

Pleasant Asian Side
If there is a country in the world which is the most appropriate to the definition of "tropical paradise", Thailand will be obviously on the top of the list. This state in South-East Asia is often called the "golden country" but not because of the special wealth of Thais or…
By: John Walker in  Real Estate  >  Buying   Mar 25, 2016  
0
  Likes: 0

How to Make the Best Cash Back Deals From Your Escrow Account In Property Purchase
Unknown to most property buyers, Escrow accounts can help one reap some good bounties from the actual property purchase, especially if you are acquiring the property through a mortgage. Apart from the simple fact that it provides a sense of security for both buyer and seller until all the transactions…
By: Matthew fleming in  Real Estate  >  Buying   Mar 25, 2016  
0
  Likes: 0

Renting An Apartment VS Getting A Condo
With the abundance of projects in today’s residential market, hunting for a new home may be quite overwhelming for first-time home-seekers. On the up side, this article is going to tackle one of the most frequently asked questions by a home-pursuant: ‘Should I opt for an apartment or a condo?…
By: oliviacoore in  Real Estate  >  Buying   Mar 17, 2016  
0
  Likes: 0

Home Buying Myths Debunked!
You want to buy your first home and there is information EVERYWHERE - from your family, friends, real estate professionals and countless online articles. With all of that information coming at you, how do you separate fact from fiction? Here are some questions we see most often: 1) Buy the…
By: feeDuck in  Real Estate  >  Buying   Mar 12, 2016  
0
  Likes: 1

Under Construction In Slough
It is widely recognised that there is a desperate need for more affordable housing across the UK and the issue is particularly poignant in the South East. Located just 19 miles from London, Slough is a bustling town in East Berkshire, where the demand for homes is high. Slough is…
By: Mary Jackson in  Real Estate  >  Buying   Mar 08, 2016  
0
  Likes: 0

Squamish Real Estate Agent: All About Best Property Deals
The person who takes the responsibility of selling or buying a property on behalf of a client and brings valuable information regarding property deals is known as a professional real estate agent. It is very much possible that you are aware of this information about real estate agents yet it…
By: Smith Davidson in  Real Estate  >  Buying   Mar 04, 2016  
0
  Likes: 0

Traits to Look for In Your Buyer Agent Sydney
What should you look for in a buyer agent Sydney? When it comes to creating professional relationships in the real estate market that really works you need to consider the personality of the person you are about to hire. This article will give you some guidelines and unique perspective on…
By: Alex Mayers in  Real Estate  >  Buying   Mar 01, 2016  
0
  Likes: 0

Article Views: 1003    Report this Article