how do you find rent to own homes by pattersonalan



Rent To Own Lets Anyone Own A Home..
Rent To Own Lets Anyone Own A Home..

   Rent to own homes offer a popular alternative for bargain
    home buyers and sellers. For buyers who do not have an
    adequate downpayment available, or are having difficulty
    qualifying for a traditional home loan, a rent to own (also
    referred to as 'lease option', 'lease to own', or 'owner
    financed') agreement can provide a smoother path to
    homeownership. In a rent to own arrangement, the buyer
    and seller typically agree to designate a portion of the
    monthly rent paid is applied to the purchase of the
    property. The home's purchase price is usually agreed to in
    advance so there is reduced risk of an increased price at
    the future purchase date.
Rent To Own Lets Anyone Own A Home..
Rent To Own Lets Anyone Own A Home..

   Rent to own situations can be structured in two popular ways. One is
    the lease purchase. A lease purchase usually requires the tenant to
    commit to buy the home over an agreed to period of time. Terms
    can be quite flexible to suit the renter's needs. These terms include
    the time frame, the amount of rent applied to the rent to own
    purchase, and the price of the property. The second approach is
    called a lease option. In a lease option, many of the same terms
    apply as in a lease purchase. The difference is in the lease option,
    the tenant may not be required to purchase the home at the end of
    the option time period. However, in each case, the renter usually
    needs to put up a non-refundable option fee to initiate the rent to
    own contract.
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