Explore the choices of homes for rent-to-own on the market, as well as looking for multiple lease option candidates.
Create a draft of an offer that works for you and the seller. Become familiar with the terms purchase price, rent per month, option fee, option credit, option period, property tax, HOA fees and more. These terms will be important when negotiating and deciding different prices. Remember that all of the negotiated prices will be locked and set until the end of the agreed rental term, even if other housing prices rise or fall during that time.
Put together the final Rental Agreement, Option Agreement and Sales Contract. Make sure to look at lease options that require you to put as little money down as possible.
Make sure you maintain, build or repair your credit to help you successfully purchase your home at the end of the rental period. And at the end of the agreement, you could be walking away with your new home!
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