A rent-to-own transaction affords opportunities for both buyers and sellers. The buyer and seller enter into an agreement that enables the buyer to rent the home with the intention of buying it..
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Renting to own a home can be an effective way. you will have to forfeit the non-refundable option fee and the rent premium, which is the portion of monthly rent that would have gone toward the.
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Should you rent or buy your home? Here’s why many people choose to rent – Buying your own piece. prefer to rent. About 37% of households are renting, according to a 2017 pew research center survey.