· With a rent-to-own contract, you sign an agreement that is a lease with the option to purchase. You don’t necessarily have to complete the purchase, and you won’t get a foreclosure (but you will forfeit your deposit). Of course, you can always call us at 540-404-2498 to help you find a great rent-to-own home. We make it easy!
Recent Rent to Own Information: "One of the unique aspects of a lease option is the potential offer for putting no money down upon signing the lease. There are creative ways that can be explored when a person is short on finances, but wants the ability to make payments toward future home ownership."– Times Union newspaper, Albany NY
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Rent-To-Own Homes: How It Works. Most people start out by renting the home they live in. It’s smart to eventually want to own a home, but can be challenging to save for a down payment. You may have heard of "rent-to-own" agreement.
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and in a slow housing market with many homes for sale, this may be their best option. Buyers who can’t yet afford a house may be able to get one more quickly. Read on to find out how the rent-to-own.
For many, the rent-to-own home may be the best option. Also called a lease-to-own house, the process works similarly to a car lease : Renters pay a certain amount each month to live in the house, and at the end of a set period — generally within three years — they have the option to buy the house.
You’ll also be able to have your own common areas, like a living room, kitchen, den, deck, pool and more, depending on the.