A lease option (AKA “rent-to-own”) agreement is not the most common way to purchase a home, but for the right local buyer and seller, it can sometimes be a solution that fills an otherwise unbridgeable gap. It’s most commonly seen when a potential buyer needs time to repair credit damage at the same time a …
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Tag Archive: Rent-to-Own
It may sound too good to be true, but it can be authentic: also known as a ‘Lease Option,’ the Rent-to-Own scenario is one that can help tenants clear major hurdles on their way to homeownership. It can postpone the need to satisfy newly tightened mortgage lending requirements, and eliminate the immediate need for a …