How Do Rent-to-Own Homes Work? The 4 Steps to Homeownership
HomeLight
JUNE 19, 2023
Basically, a rent-to-own real estate purchase means that you can live in the house as a renter with the intent to close on the home at a date in the future. Lease purchase: This type of contract requires the buyer to purchase the property at the end of the contract term. Purchase price: The price you will pay to own the home.
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