I have seen this mentioned in a couple of ads before. How does this work? Is this beneficial to the buyer or just the seller?
Any info is really appreciated. TIA
checka
Posted:
Member since
Re: How does Rent with Option to Buy work?
I'm sure that there is more to it but basically a portion of the rent you pay every month would end up going toward the price of the house if you decide to buy it.
bluesashbride
Posted:
Member since
Re: How does Rent with Option to Buy work?
it can be written into the contract that you lock into a price once you decide to rent. so your rent may or may not apply-and you might lock into today's market value vice a year from now when you might buy it. there are different variations i guess is what i'm trying to say.
