Embracing the Shift in Home Shopping: Why Lease-to-Own is the Future

As reported by Zillow’s 2023 Real Estate Industry Forecast, the housing market has undergone significant changes in recent years, with an emphasis on making homeownership more accessible to a broader audience. Among these shifts, lease-to-own shopping has emerged as a game-changer for individuals and families looking to purchase their dream home without the need for upfront mortgage payments.

A Closer Look at Lease-to-Own Options

Lease-to-own arrangements allow individuals to rent-to-own their home, paying a portion of the rent towards the down payment. This approach provides several benefits, including:

* No Credit Required: Unlike traditional mortgage lenders, lease-to-own options typically don’t require a credit check, making it an attractive option for those with less-than-perfect credit.
* Flexible Payments: Lease-to-own plans allow for more flexible payment terms, which can be beneficial for individuals with varying income levels.
* No Mortgage Overload: By not requiring upfront mortgage payments, lease-to-own options allow individuals to spread their financial burden, reducing the risk of mortgage-default.

According to a report by Katapult and Harmony Own, their joint lease-to-own program has seen an unprecedented level of success, catering to those who desire a home but need little to no upfront investment. With Harmony Own, individuals can be approved for up to $3,500 in just seconds and enjoy free nationwide shipping on purchases of furniture, appliances, and decorative items.

The Benefits of Lease-to-Own Shopping

Lease-to-own shopping offers numerous advantages, including:

* More Accessibility: With lease-to-own options, more individuals can purchase their dream home, regardless of financial background.
* Increased Flexibility: Lease-to-own plans provide flexibility in payment terms, allowing individuals to budget accordingly.
* Simplified Home Shopping: Lease-to-own shopping simplifies the home-buying process, taking the financial burden off of individual shoulders.

The Future of Home Shopping

As the housing market continues to evolve, lease-to-own shopping is likely to become a more prominent option for individuals seeking to purchase their dream home. With its emphasis on accessibility, flexibility, and simplified home shopping, lease-to-own shopping is well-positioned to become the new norm in the home-buying industry.

For those looking to experience the simplicity and benefits of lease-to-own shopping, visit: Harmony Own, a site dedicated to making everyone’s dream of home-ownership a reality.