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How Does The Monthly Rent Work With A Houston, Texas Rent To Own House? Don McClain

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You first pay an upfront payment to move in and secure the contract and the terms with the option to buy. The “option fee” or “move in amount” may in some cases act as a percentage of the down payment on the home, should the renter decide to purchase at the end of the term.

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Ajouté le 14 octobre 2015
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How Does The Monthly Rent Work With A Houston, Texas Rent To Own House? Don McClain
Really it depends on the location of the house (there may be different laws that dictate what you can do in different states) and any new federal guidelines that may come out that may limit what the property owner of the rent to own house may do.
But the standard guidelines of a rent to own house are pretty simple.
You agree on a rental rate and a future purchase price upon the end of the rental lease sometime in the future (usually 1-2 years).
You first pay an upfront payment to move in and secure the contract and the terms with the option to buy. The “option fee” or “move in amount” may in some cases act as a percentage of the down payment on the home, should the renter decide to purchase at the end of the term. This may or may not be the case depending on when and where you’re reading the article (based on laws). Connect with us atDon McClain EZ House Buyersfor the local directly Houston, Texas TX Rent to own laws.
You pay the monthly rent payment. This is no different from paying rent in any normal rental situation.
At the end of the rent to own agreement (usually 1 – 3 years) you decide if you want to purchase the home for the price you agreed on initially in your rent to own agreement. If you want to buy the home, great! We can assist you in getting qualified for a conventional loan to buy the home. If you don’t want to buy the home, no biggie. You’re not required to buy the home at the end of a rent to own agreement in Houston; Texas… the choice is fully yours.
So, for the question of “how do rent to own homes work in Houston, Texas“… well that’s the basic process.
While there are lots of benefits of renting to own a home here locally… every housing option has pros and cons.
Just do your research, talk with reputable and experienced companies likeEZ House Buyers who can walk you through the local Houston, Texas rent to own house process… and make the smart financial decision for you and your family.
Many people choosing rent-to-own may have past credit problems, or may just be unsure if purchasing a home is right for them. If that’s you and you want to look into the rent to own process and even see the available rent to own / lease option houses here in Houston, Texas TX, connect withDon McClain EZ House Buyerstoday atezhousebuyers.comand fill out your basic info to get on our Houston, Texas rent to own home list.
In an era of uncertainty in the real estate market, many Americans are finding that rent-to-own homes provide them with both flexibility, and the option of purchasing a home at the end of the term. By understanding how rent-to-own homes work, you can position yourself to take advantage of the many benefits of renting to own, and realize the American dream, despite past credit problems.