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We specialize exclusively in the Rent to Own/Lease Purchase. – THE DEAL FALLS APART! The Rent 2 Own Seller loses the Rent 2 Own Buyer and gets the headache back, and the Rent 2 Own Buyer loses the home and the money they paid for their option fee and rent credits. To say the least this situation is a loose/loose.
Rent to own homes are those with leases that include either an option to buy or a requirement to buy after a certain period of time. The rental payments include both rent and funds that contribute to a future down payment.It can help you build up your credit score and save for a down payment on the property all at once.
A rent-to-own home, or lease-purchase agreement, might seem like the perfect solution for the can’t-quite-get-there homebuyer.
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Is a rent-to-own home right for you? Beware of obligation-to-buy agreements – Spend an afternoon poring over online apartment listings, and you’ll see them: Flashy ads urging you to “rent to own” a home instead of just renting. The pictures look normal. The prices seem.
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