Why a lease option? 

A lease option is a financial deal that involves a rental and a purchase agreement, in which the buyer and the seller lay out the upfront price of the property, kind of a “move in now, buy later” approach.

This involves a previously agreed purchase price, terms and conditions, period of time, an option fee, and a rent credit. There may be more items, but those five are the usual ones you’ll deal with. 


Advantages of a lease option?

Allows you to lock the home price to today’s standards.
You’ll always have a down payment ready thanks to rent credits.
You’ll be able to buy even if you don’t qualify for a conventional mortgage.
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