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renting to own houses

In today’s economy, there are many people who would like to become homeowners but lack the means to do so. For them, a rent-to-own arrangement can appear to be an attractive option. But how do these.

Many people choose to buy their homes through lender financing. However, rent- to-own housing is an option to allow a buyer to lease a home and make rental.

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Rent-to-own, sometimes called a lease option or lease purchase, is a self-imposed savings plan for the renter/buyer. The renter pays an upfront fee, called an option fee, which guarantees the renter the option to purchase the home after a specified amount of time, usually one to three years.

Renting to own a home in Indianapolis, or any city for that matter, isn’t a new concept. but the whole process of “renting to own a house” is a process that most people have questions about. Well, you’re in.

Welcome to Rent to Own Enterprise. Our highly trained staff is here to help you navigate through the process of becoming a homeowner. Do not be misled by advertisers telling you that you cannot afford your own home. In today’s market, any home can become a rent to own home. If you can afford a house for rent then you can afford to rent to own.

Rent to own deals look and feel a lot like standard home sales, and they are an alternative to traditional home loans.Both buyers and sellers can benefit from these arrangements, but it’s essential that everybody knows what the risks are before getting started.

Some rent-to-own agreements give the tenant the option to buy the house at the end of the lease. This is sometimes set out as a commitment.

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