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Rent to Own an Attractive Option for Those Relocating

by Joyce Kelly

It’s tough enough to move even when you are just moving a short distance. Relocating to a new city or state is one of the most stressful and distressful experiences there is for a family, particularly if you are unfamiliar with the area you are moving to.

Probably the toughest thing to decide when relocating to a new area is what neighborhood is right for your family. It has become fairly simple to find school data and home values for a neighborhood, but there are other factors that come into play as well, such as local merchants and restaurants and nearby open spaces.

To reduce the risk of making the wrong choice when moving to an unfamiliar city, many people like Jesse Singh, an executive at HOV Services, are opting to rent their home instead of buying it. Jesse, along with his wife and their two young children, have moved three times in the past five years ” most recently from to Atlanta to Denver.

Jesse, who is starting a new division of HOV Services with his wife in Denver didn’t want to be in a situation where they couldnt sell if they had to move again soon. Additionally, since they had only really seen the airport, hotels and office space in Denver, they didnt feel familiar enough with the area to commit to a home purchase. My company, Denver Rent a Home, which is staffed with Colorado natives familiar with the area, was able to provide them with a home under a Lease with an option to buy, which is ideal in their situation; they can take time to get a feel for the area without having the financial burden of a mortgage should they chose to move within the city or relocate again.

Another client of Denver Rent a Home who moved to Denver from Scottsdale, AZ for a business opportunity chose to rent instead of buying a home because they were having trouble selling their home in Scottsdale and didnt want to be burdened with two mortgages. The couple has rented their home in Scottsdale and is now leasing a property in Denver, which was a great option for them. An additional consideration to this decision was that they wanted to get to know the area and the schools their two young girls would be attending before committing to a home purchase in Denver.

I am finding that the lease with option to buy choice is becoming more and more popular with my clients, particularly those relocating from another area. It is so heartwarming to help families find an ideal property, settle in and get a good start in the area without taking on the risk that those relocating have had to in the past.

If you are relocating and want to try the lease with option to buy route, find a great local agent who knows the area well and is committed to finding the right rent to own properties. This will save you tons of time and heartache as they will be able to do all the research and find the best home in an area that will work for you the first time.

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