A rent to own transaction is when a landlord agrees to lease a home to a tenant and the tenant has an option to buy the home for a pre-negotiated price before the end of the lease. The primary components of a rent to own transaction are the rental term, the purchase price, the upfront deposit, and the monthly rent credit. Below are a few basic steps to get you started:
Search Homes
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Find Investor
Investors nationwide buy homes and offer rent to own programs
Lease Home
Achieving financial improvement goals is critical
Purchase Home
When ready to qualify for a traditional loan, you purchase home!