"Rent-to-Own Homes "

Eligibility, Types, Price, Benefits & How to Buy ?

What is Rent-To-Own Homes ?

Rent-to-own homes are type of real estate transaction in which a prospective buyer rents a property for a specific period of time with the option to purchase it at the end of the lease. 

How Rent to Own Homes Works ?

You pay rent each month and you can apply a percentage of that money towards your down payment. At the end of your lease time, you can choose to use the accrued funds to buy house.

Who is Eligible for Rent to Own Homes ?

Eligibility for rent-to-own homes can vary depending on the specific terms of the agreement and the requirements of the seller.


Types of Rent-To-Own Agreements

Lease-option agreements allow you the opportunity to purchase the house at the end of the lease term, whereas lease-purchase agreements force you to do so.

Price of Rent-to-Own Homes

In their contract, the buyer and seller agree on the price to be paid for the house. Regardless of the home's true value, the buyer will be able to buy it for that price in the future.

Nonrefundable Upfront Fees

In rent-to-own agreement, you pay the seller a one-time, usually nonrefundable, upfront fee called the option fee. This fee is what gives you the option to buy house in future.

How to Buy a Rent to Own Home ?

click here to buy

Buying a rent-to-own home can be a good option if you don't have the funds to make a down payment or have credit issues.