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Yes it is a good thing in many ways.
Say for instance someones credit is poor buying a home this way will get their credit score back up by the time they go to closing so they can have a decent interest rate. One bad thing is if say 6 months down the road you move to another state for work the money that was being put towards the purchase of the house you don't get back. And there are good points for the seller as well The Advantages to the Seller are numerous. * No real estate commission to pay (not realtors). * No maintenance problems. * Prompt payment of rent. * All the terms of the purchase are negotiated in advance. * Seller retains all tax benefits until the sale and much more. * Positive monthly cash flow to offset losses For the Buyer * Time to shop around for best financing options * Live in the house before you buy it * Meet the neighbors and neighborhood before making long term decision * Large rent credits (25-100%) for prompt payment You can get more information at www.iLease-a-House.com. They cater to buyers, sellers, and investors.
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∙ 15y ago
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What is the best way to find a house with a lease to purchase option?
Often, you can ask the owner of a home you are interested in purchasing if a lease is an option. If the owner is interested in leasing the home, you should have a real estate professional draw up the contract.
A lease to own house purchase also rent to own purchase or lease purchase is a lease combined with an option to purchase the property is that true?
A lease purchase is a method of buying a home by way of a rental or lease agreement that includes a clause (option) allowing the renter/lessee to purchase the home within a specific time frame. Sometimes called an option or a rent to own purchase, this home-buying method is similar in concept to renting to own a property, only the financing of the property is generally transferred from the seller to a lender once the renter/lessee exercises the option to purchase the property. Lease purchases are popular amongst homebuyers with poor credit, who cannot get financing, and are often used as a means to secure a home at a set price while repairing credit issues in preparation for bank financing. These instructions will guide you through the process of a lease purchase.
Is dsl internet a good deal?
Dsl is a great option for you home internet service. Most dsl companies also offer cable and home phone in a bundle so that will be a good thing to purchase all at once.
How much do you put down on a lease to buy a home?
A lease does not buy a home.
How do you lease a home to buy?
you put up a sign that says "for lease"
What is a leased to own a home?
"Lease to own", Is when you lease a house with the intention to buy it for a discounted price after the lease is over.
Where can you find furniture with a lease purchase option?
I do not think leasing furniture is an option. Buddy's Home Furnishing is an option to rent furniture if you are looking for short term furniture needs. Some companies that rent furniture will have option to buy at end of rental agreements. You can also finance furniture through store credit card companies.
Is there a term to the lease a solar panel?
Yes, all solar companies have the leases options available. The lease has a term of 15 years. At the end of the 15-year lease term, or at any time during the term, you have the option to purchase the equipment or to have the equipment removed for a fee. The cost to remove or to buy it out depends on the size of the system. The details for each of these options will be included in your specific home solar Lease Agreement.
Are home mortgages a good thing to get in the USA?
A home mortgage is good and bad. The good is that you usually have a home to live in for the money you are spending and you own it. If you cannot afford the monthly payments then it can be a bad thing to get since you will loose your home and your credit.
How does rent to own in housing work?
Rent to own housing occurs when a seller offers to accept lease payments for a predetermined time period, giving the leaser the option to purchase the home.
What is a good ice shaver for a home bar?
One good option for a a good ice shaver for a home bar is the Back to Basics Electric Ice Shaver SIT4660.
What is a good free online home mortgage calculator?
A good free online home morgage calculator is www.freebyte.com/business/mortgage_calculator.html. Another good option is www.mortgagecalculator.org/.
