Related: 3 Ways This Real Estate Agent Tool Conquers Competition Once qualified under our program, the participant selects from one of our current “Lease Option” listings. In Rockville, the average cost is $502,000, which is 2.17 times the national average of $231,200, and 1.7 times the state average. A lease option agreement with a potential buyer is an excellent investment strategy when you are being faced with too much competition in the market. However, if you go with a lease purchase agreement, you are legally obligated to buy the house. It is very similar to renting, but with an option to purchase the home in the future. In a Nutshell. Lease Option Program in Tampa Bay Apply Your Rent Towards Your Home Purchase. Lease Option Homes. If you don’t have a sizeable downpayment ready or need time to eliminate debt, renting to own a home may be a smart option. Lease-option contracts give you the right, but not the obligation, to buy the home when the lease expires. A lease option is a contract between the owner of home and the tenant/buyer that gives the tenant the option to purchase the property for a certain agreed price in specific amount of time. In a lease option, you rent a home for a specified period of time. Search. Lease / Option Homes In Atlanta Georgia As Low As $1000. You can use that time to save a more substantial down payment, improve your credit score or find a lender willing to offer you the amount of money needed to live in your preferred New York neighborhood. Rent-to-own properties allow you to rent until you’re ready to make the property your own. If you need additional time to work on improving your situation but want the opportunity of ownership today then the lease with an option to purchase is your perfect opportunity. NOTE: Rent to Own Homes are also referred to as lease purchase, lease to purchase, lease to buy, rent to buy, lease option, rent with an option to buy, lease to own, lease with option to purchase, and rent with option to purchase. As-Is Deals. CENTURY 21 Professional Group is the largest producing rent to own team in Florida. How Does the Rent-to-Own Process Work? The median cost for a home in the state is $294,100, which is 27% more than the national average, making rent-to-own homes an attractive option. HomeRun Homes is the premier website for Rent to Own Homes. There really isn’t a one-size-fits-all option when it comes to the rent-to-own process. Primary Sidebar. Our Lease Option Program is designed to provide an alternative to those seeking to rent a home. Search Owner Financed, Lease Option and Rent to Own Homes For Sale FREE! During the lease option, you have the option—but are not legally obligated—to buy the property. 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