How to Buy a House Using a Lease Option (with Pictures), rent with option to


How to Buy a House Using a Lease Option

You might have found your dream home, but your credit isn’t quite high enough to qualify for a loan or you have no savings for a down payment. Don’t worry—a lease with an option to buy might be perfect for you. With this arrangement, you pay rent and have the option to buy the property after a few years. Some of the rent you pay will go to your down payment, and as a bonus you’ll have time to clean up your credit before seeking a mortgage.

Steps Edit

Part One of Four:

Finding a Lease-to-Buy Home Edit

Rent with option to buy

Rent with option to buy

Rent with option to buy

Rent with option to buy

Part Two of Four:

Researching the Home and Owner Edit

Rent with option to buy

Rent with option to buy

Rent with option to buy

Rent with option to buy

Rent with option to buy

Rent with option to buy

Rent with option to buy

Rent with option to buy

Part Three of Four:

Negotiating a Contract Edit

Rent with option to buy

Rent with option to buy

Rent with option to buy

Rent with option to buy

Rent with option to buy

Rent with option to buy