If you’re interested to own a home but really not in a position to afford it finically, the best option can be rent to own or a lease option home.
Rent to own home option can be a beneficial option many times. It’s also called a lease option home. Renters pay a certain amount every month to live in the home and after a certain period of time (mostly within 3 years) they have an option to buy the home. This process is similar to car lease — Renter pays every month, while a percentage of rent goes towards a down payment to finally by a home
Before they agree to this agreement, it’s important that home owner and the renter are clear about the contract. Owning your own home is a big deal for anyone. So, it becomes essential that both the owner and renter must look at all their options before signing to any contract.
Benefits and risks to sellers and tenant buyers:
Because of numerous complications, both Buyer and seller should get the assistance of real estate experts.
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Tempe, AZ 85284