Hoping I can get some help- A quiet listing of mine is talking to someone about "rent to own". Prospective buyer is saying that 3 years is a common term for such contracts. Buyer appears to have good credit and rental history, but is unable to buy now because of custody issues and court costs. I think that the term is too long...and that I would ask the experts to get your opinions- and does anyone have any idea on how often statistically rent to owns actually purchase the property? How long is the typical purchase/rent term?
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