Des Plaines, IL (PressExposure) August 25, 2009 -- The economy all over the world is going through a recession. Even when rates of houses have gate crashed, there are no buyers. People are afraid to put in money for houses and real estate. They want to save on money for later days. LocateRE.com comes up with different options to buy houses in these troubled times like rent-to-own deals and other such plans.
As a result, on one hand, home sellers are not finding buyers and on the other hand, most of them who are in the real estate business are closing their shops for lack of business. But reports are that those houses on rent-to-own are lucrative enough to buyers who are not willing to invest heavily on property as they have to block a negligible amount at the outset.
Chirag Patel, the CEO of LocateRE.com says, âThese rent-to-own deals protect interests of both: the buyer and the seller â and as a result rent-to-own houses in Chicago are becoming extremely popular. Additionally, most people who make a once in a lifetime investment for buying house for themselves can take the right decision as the deals give them the option to try out the house for some time and then go for buying it or not. Sellers, on the other hand get some additional liquid cash to survive, other than the rent and the option money.â
Analysts say that rent-to-own houses are much in vogue as they allow prospective buyers to stay as tenants for a fixed period of time and then ultimately go for the purchase decision. There is no down payment or heavy investment required.
Chirag Patel adds, âThis arrangement is said to suit the sellers too. They continue to get a fixed income from the rent received from rent-to-own houses and can invest the money elsewhere, probably to buy another house of their own.â
It has been advised by several real estate experts of LocateRE.com that when buying or selling a house, it is essential that both the parties have the right information with them. A buyer would like clarity of information about the property with no issues surrounding it while the sellers do not want dishonest buyers to live in the house.
If you are looking for houses for rent to own Chicago, then this is the right time. There are a number of options for rent-to-own houses where you get great deals on your dream home. For more information, log on to http://www.locatere.com.