dential housing crash. During the housing boom years, sellers were able to move their homes at asking price; they often sold their homes within days of putting them on the market.A Busy Rent to Own MarketThis has changed. Today, sellers are struggling to obtain any good offers. Many of their homes have plummeted in value since they purchased them. In fact, research firm First American CoreLogic estimates that more than 22 percent of homeowners today are underwater, meaning that they owe more on their mortgage loans than what their homes are worth.Many of these homeowners have decided to offer their homes on a rent to own basis today rather than sell them for a loss. Under such an arrangement, you'd sign what looks like a typical apartment lease. But after a set period of time, often three years, you'd have the chance to make an offer to buy the house that you are renting. While you are paying rent, your landlord will withhold a portion of your monthly payment that will be used as a down payment should you decide to purchase the house.Rent to own homes give you the opportunity to decide whether the life of a homeowner is the right one for you. You might discover that you hate weeding the backyard or that you cringe whenever it's time to shovel the walk. If that's the case, you can happily remain a renter.Avoiding the Credit Score CurseRent to own homes also give you the opportunity to move into a house without needing the high credit score that most lenders require today. If your score is under 620, for a conventional loan, or 580 for a loan backed by the Federal Housing Administration, you'll struggle to obtain mortgage financing from a conventional lender. But when you enter a rent to own agreement, your credit scores don't matter. While you're living in nd tried to leave at a later date.2nd Homebuyers have the luxury of time to build decent income, but also establish your credit report if they are just renting the house.3rd There is a pre-tax option, homebuyers are still to be resolved. This is usually out of the house selling price, both parties generally agreed on is worth thousands of dollars. This money will be counted as part of the payment should tenants opt to buy a house. But realistically, it is difficult to collect that amount of money before that date, Tenant shall lease.If the buyer is a day late in the month it is worth, the rental tax credit for a particular month that is usually set aside for the most agreements. Use the above example, where a tenant for three years, received a monthly rent credit of $ 400. If the payment was delayed only three times a year, donated his time to end the lease term is approximately $ 3,600 less than the original amount. Moral of the story: a quick payment to rent to the tenants themselves.4th New buyer to assume responsibility for repairs rent apartments as they become owners. It may even start under the lease contract. This could mean pay for a new washer and dryer, when the original conky or intends to carry out a ladder cleaning clogged gutters. All of these, the new owner to take care of itself.For sellers, there is a long and loss of rent to own properties that can be expected.1st Tenants interested in the subject property are often treated at home and in the community, it is better. After all, they're in for the long haul here. They plan in the same place and not moving for another year.2nd If potential homebuyers appear willing to buy more expensive home, sellers can not accept them. Entered into a contract with the tenants got their hands tied.3rd If the contract expires before the tenant to change their minds back and buying a house, the seller has the option of lease payments and tax on income. Unfortunately, when this happens, sellers are forced to start from scratch, which can be frustrating at home just itching to get rid of their old life.4th What to do if home values ​​hit