Colorado Rent To Own Homes

What is a rent to own? It is an agreement between a buyer and a seller that allows the buyer to lock in a future purchase price, save money for a down payment and buy the home in the future at today’s prices. Things to keep in mind on a rent to own. You will still have to provide your credit report to the seller. You will need to agree on the term of the lease and you may have to put some money down. In some cases $1,000 to $5000. Remember this is a real estate transaction so make sure you get everything in writing.