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· Rent-to-own, sometimes called a lease option or lease purchase, is a self-imposed savings plan for the renter/buyer. The renter pays an upfront fee, called an option fee, which guarantees the renter the option to purchase the home after a specified amount of time, usually one to three years.
What is the Rent-to-Own Process – A rent-to-own agreement is an important contract, and you want to make sure you have faith and trust in the seller before signing on the dotted line. Step 4: Schedule a Showing Once you have spoken with the seller, and have a good feeling about the property, it’s time to schedule a viewing.
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The Basics of Rent-to-Own Agreements | Nolo – Tenant Benefits of Rent-to-Own Agreements. A rent-to-own agreement could be a good choice for a tenant who wants to own a house and reap the benefits of home ownership but, due to bad credit or lack of capital (the typical 15-20% down payment required), does not qualify for a mortgage.
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How to Buy, Sell and Invest in Real Estate Safer and Easier with the revolutionary Lease 2 purchase (lease option or rent to own) contract; How to sell your home for top dollar quickly, easily all while saving thousands on fees; How you can buy a home for very little or nothing down quickly and easily with the lowest possible interest rate
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Lease-to-Own Home Purchases: Huge Demand But Few Deals – · Lease-to-Own Home Purchases: Huge Demand But Few Deals June 1, 2012, Revised October 27, 2015 Of the 700 or so articles on my web site, the article accessed most frequently over the last year has been one I wrote in 2004 on lease-to-own home purchases.