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Times are really difficult for the real estate market. Buyers are getting more conscious about their purchases, foreclosures are everywhere, and sellers have a hard time to attract buyers.
One way a seller can dispose of his/her property is by selling it through rent, or simply Rent to Own. In this set-up, sellers agree to rent out the property to a prospective buyer. They then agree that, after a certain time, the seller will give the property to the tenant. Usually, monthly rent for this kind of set-up is higher than the regular rent, but it's all worth it as you will be getting the property in the end.
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