Rent to Buy House Purchase Details



Both the selling price of the property and the monthly rent to be charged are negotiated between the vendor and the prospective purchasers and so depend on the state of the housing market at the time that the agreement is concluded.

In addition, the purchaser can enter into a rent to buy house purchase and obtain the right to buy the property without having to wait for mortgage finance to be obtained, before proceeding with the purchase - 新築 武蔵村山市.

As a general rule, buyers prefer a longer option period whereas sellers are normally keen to complete a sale as speedily as possible. A long option period gives the purchaser more time to clear existing debts and to put mortgage funds in place. However, if the financial climate becomes difficult and the buyer is unable to raise sufficient mortgage finance to proceed with the purchase, then there is a serious risk of losing the option fee and any rent premium that has already been paid.

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