Renting to Own

A good option for first-time homebuyers?

When Chris and Sarah Kane of Visalia, Calif. decided to purchase their first house, their hopes of becoming first-time homebuyers were nearly dashed by ever-soaring prices and a down payment out of their reach.

“We found a home we really liked for $221,000 and figured we would just have to rent it,” said Chris Kane. “But as we thought more about it, we knew we didn’t want to spend over $2000 a month on a home with nothing to show for it.”

Instead, they took a different tack with the seller.

 

Written By:Suzanne L. Coates. If you would like to  continue reading, click here.

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