subject: Four Things Buyers Want in Charleston SC's Real Estate Market [print this page] 4) Rent to own: Unless you've been living on a remote barrier island for the past year, you've heard from multiple sources that it's a good time to buy real estate right now. Everyone knows this and wants to take advantage of the good prices, but not all potential buyers can afford to buy right now. After going through foreclosure, many people need a new place to live but don't have the credit to buy. Still, others don't have enough money saved up for a down payment. Regardless of the reasons, many people want to buy a home but can't. Hoping for a brighter financial outlook in the future, these potential buyers want to go ahead and secure a home once they've found one that they like. Since they can't afford to buy right now, they enter into rent to own (also called lease to purchase) options. Most of the buyers who choose this route don't know that these situations usually benefit the seller not the buyer. In the buyer's market that we're experiencing, it would be better for these buyers to simply rent for a while until they're able to purchase. At that point, they can compare homes that are for sale and find the best deal rather than be obligated to buy a home that has not been priced competitively.
Four Things Buyers Want in Charleston SC's Real Estate Market
