The surging housing market continues to drive prices higher and force prospective buyers to consider rent-to-own options.
A mortgage expert from NerdWallet says rent-to-own should not be the first option for most people as you're better off saving money on your own while you rent.
The company recommends that people considering a rent-to-own option have an independent appraiser and real estate attorney look over the property and contract.
The company also says to make sure you take steps to qualify for a mortgage at the end of your rent-to-own agreement.
