With credit markets still tight, many would be buyers are struggling to qualify for a mortgage or sell their previous homes. But allowing a potential buyer to lease to own can address that problem and even allow the owner to lock in a sale price. Typically the renter agrees to buy the house for a set price at a later date. In exchange, the owner receives a non-refundable payment sometimes as high as 3 percent of the purchase price. In addition the renter pays up to 25 percent more in rent each month which goes toward the purchase price.
For more information on lease to own please contact me at 702-212-2288.
Shall-Ching Lu
Keller Williams Realty
Your pet's choice for a Real Estate Professional
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