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house for rent to own

Rent to Own Real Estate

Whether you are looking for rent to own real estate, or have rent to own real estate of your own that you are looking to sell, rent to own real estate is a hot commodity these days. It is often a win-win situation for both the buyer and seller in a rent to own deal, which is one of the reasons why so many people get involved with rent to own real estate.

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For those people that don’t know what rent to own real estate is, it is typically real estate such as a house, townhome, condominium, or other similar dwelling. Rent to own is a boon for people with less than perfect credit, no credit, or lack of a down payment for a home, as it is a means to get them into a home that they may not otherwise be able to get into.

The way that rent to own works is simple. It is often called leasing with the option to buy, because you are actually leasing the rent to own real estate for a set period of time (typically 1-3 years, sometimes less, sometimes more), and at the end of that time frame you can purchase the house at an agreed upon price (hence, the OPTION to buy).

The main differences between leasing real estate and rent to own real estate can be summed up in two ways. The first is an option payment up front. This option payment is essentially a credit towards the purchase of the home at the end of the leasing period. The second difference is the monthly option payment, which is a portion of your monthly rent. Again, this monthly credit goes towards your eventual home purchase. However, if at the end of your leasing period you decide not to purchase the home, this option money is lost to you forever.

Rent to own real estate is a winning proposition regardless of whether you are a real estate investor, are simply looking to move a property, or are looking to purchase a home of your own. Do some investigating into the possibilities of working with rent to own real estate today!



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