How Do You Rent A House With The Option To Buy?
The American dream of owning a home seems unreachable for those with bad credit or no down payment. Yet, in a buyer’s market, more builders and home owners are opting to deploy the rent-to-own option. With this option, doors open. The renter provides a down payment to be decided in the contract and a portion of money between $300 and $400 added to rent that would go towards the purchase of the property in the future Find a home. Most rent-to-buy options are offered by home owners anxious to make a sale. Homes that have been on the market for awhile are your best bet. Searching real estates sites such as www.foresalebyowner.com, you can find homes or condominiums in your area that are for sale. Contact the owner and ask if he would consider a rent-to-buy option. If he is unsure, you can offer additional information including your current job situation, finances and anything else that would build your credibility. Next, leave your contact information. Ask your current landlord. If you ar
