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What is Rent-to-Own?

You might wonder: What does it mean to Rent-to-Own a house? It’s another way to buy a house. The contract starts out as a lease or rent but after an agreed time you are able to buy it, and be a homeowner.

Many people would love to get their own home to live in. Rent-to-own may be a good option if you are not able to buy a house right away. For example if you are recently divorced or have setbacks in your credit score.

In this arrangement, you pay rent as in any other rental situation. However, you have the right (option) to purchase the home during the term of the agreement, usually 2-3 years. That gives you time to work on your credit and save for a down payment. The purchase price is agreed upon before you move in so you need not worry about market fluctuations. This means that while you’re still renting, you’re already living in your future house, as if it’s yours!

Don’t worry, before you sign any agreements we will explain in detail the terms and answer all your questions. We will never pressure you to make a decision if you are uncomfortable with the terms or need time to think it over. You are always in control.

Use the form to send us a message if you have a question.