When a buyer and a seller of a home are negotiating during the closing process of the home buying experience, there are plenty of things that you need to be aware of so that you are not taken advantage of by the seller of the home.
During the negotiation phase there are certain things that you and the homeowner must work out that need to be paid for. These items that must be paid for are often referred to as “closing costs”. The rent to own financing option offers a unique twist on closing costs and we will talk about that in this article.
In traditional home financing options, the financial responsibilities of the buyer and seller are incredibly clear. With the rent to own option the traditional responsibilities may become a little bit skewed as the length of the contract and the nature of the rent to own model cause exceptions to certain situations.
Let’s take a quick look at some of the things that we can expect the home seller to pay for if we were to purchase a home today.
Sellers would typically pay for...to read the full article click here.
To search free listings of rent to own homes near you visit our website at RentUntilYouOwn,com.
