These boomerang buyers have been relying on the rent-to-own option in the economy. “Buyers” or should I say renters see the rent-to-own option as the best one yet, although this option includes interest rates and make the total cost comes to higher sum than the original price, it is the best option because there is a smaller risk rather than owning. I can explain why boomerang buyers’ best option is to choose the rent-to-own option before actually purchasing real estate.
For example, let’s say a real estate agent or owner puts up real estate on the market, rent-to-own. A buyer, after the economic downfall, decides to “boomerang” and the seller puts a certain percentage fee on the buyer. The rent price and a portion of the option fee accumulate over an annual period, with other fees. The renter can walk away from the property without paying for the full house price, because it is rented. In summary there is less risk to actually purchase the whole real estate than there is to rent and eventually own if