- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (2)
- Adrian Provost, "RealEstate_NOW"
- Contributions:40
Also known as lease to own properties, you have an opportunity to rent a home with an option to purchase the property when the lease is up.
- Ritu Desai, "VARealtor"
- Contributions:697
Some seller may market their home as rent with an option to purchase. So you pay agreed amount as a monthly rental payment. As per the agreement you will have certain period to rent that house from the owners and after the period is over the renter will purchase at the agreed price at the time of initial agreement. So for example you agree to purchase a town home for $100K today and rent for 1 year at $2000 per month. When the lease period is up (1 year) the amount you paid for rent goes towards your down payment.
Rent&buy -wath is this?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.