Some consumers that have credit problems that could be corrected in a few years might consider a lease to own program.
With so many new listing going on the market, sellers are becoming more and more flexible in order to move their property.
Lease to own programs typically work as follows, you put down a down payment and your monthly payment is a little higher than a normal rental payment. Part of your monthly payment goes towards your purchase down payment.
There is a predetermined selling price that is agreed upon before the contract starts so that at the end of the term and when its time for the renter to buy the house everyone knows what the price is.
If you would like more info on this please let me know.
Doug Gracia
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