29965 Pete Miller Rd Rental

Rent to own option

Willing to consider rent to own options. Rent-to-own agreements, also known as lease-to-own or lease-option agreements, allow you to rent a home for a set period with the option to purchase it at the end of the lease. Here's how they typically work: You pay a one-time, upfront option fee (usually 1-5% of the purchase price) to secure your right to buy the home in the future. You agree on a purchase price for the home, either at the start of the lease or at a later date. You pay monthly rent, which may be slightly higher than market rates. A portion of the rent goes toward your down payment or purchase price. At the end of the lease term, you can purchase the home using the accumulated rent credit and option fee as part of your down payment. Advantages of rent-to-own agreements: Allows you to build equity in a home while renting Gives you time to improve your credit score and save for a down payment Locks in a purchase price, protecting you from market fluctuations Disadvantages and r