In Rockville, the average cost is $502,000, which is 2.17 times the national average of $231,200, and 1.7 times the state average. Listings Posted Within The Last 7 Days. A lease option agreement with a potential buyer is an excellent investment strategy when you are being faced with too much competition in the market. There really isn’t a one-size-fits-all option when it comes to the rent-to-own process. Lease / Option Homes In Atlanta Georgia As Low As $1000. NOTE: Rent to Own Homes are also referred to as lease purchase, lease to purchase, lease to buy, rent to buy, lease option, rent with an option to buy, lease to own, lease with option to purchase, and rent with option to purchase. Rent-to-own contracts generally cover a time period of one to three years, giving buyers ample time to … Our Lease Option Program is designed to provide an alternative to those seeking to rent a home. The lease-option contract should spell out who’s responsible for the maintenance and repairs of the home, as well as who is going to pay for homeowners association fees and utilities. In a Nutshell. Lease-option contracts give you the right, but not the obligation, to buy the home when the lease expires. Lease Option Homes. However, if you go with a lease purchase agreement, you are legally obligated to buy the house. Kansas City homes are affordable, but prices are increasing. During the lease option, you have the option—but are not legally obligated—to buy the property. It is very similar to renting, but with an option to purchase the home in the future. Search Owner Financed, Lease Option and Rent to Own Homes For Sale FREE! In a lease option, you rent a home for a specified period of time. Rent-to-own properties allow you to rent until you’re ready to make the property your own. How Does the Rent-to-Own Process Work? With a lease option agreement, you have the option of purchasing the home after the agreed-upon time period. Search. If you don’t have a sizeable downpayment ready or need time to eliminate debt, renting to own a home may be a smart option. Primary Sidebar. You can use that time to save a more substantial down payment, improve your credit score or find a lender willing to offer you the amount of money needed to live in your preferred New York neighborhood. HomeRun Homes is the premier website for Rent to Own Homes. A lease option is a contract between the owner of home and the tenant/buyer that gives the tenant the option to purchase the property for a certain agreed price in specific amount of time. If you need additional time to work on improving your situation but want the opportunity of ownership today then the lease with an option to purchase is your perfect opportunity. 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