let me understand...1675 to rent or 10000 down to buy?

Asked by Linda East, High Point, NC Fri Mar 8, 2013

This question was asked from http://www.trulia.com/rental/3106553710-Single-Family-Home-H…

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Sharon Burgos, Agent, Kernersville, NC
Sat Apr 6, 2013
The answer to your question is, both. The owners are asking for a $10,000 down payment and $1675 per month to rent. This is a rent-to-own property, that is why you have both a down payment and a monthly rent amount. The idea with these properties is that you rent for a period of time, 1-2 years, and at the end of that time, you purchase the home. Usually, part of your monthly rent is counted towards your purchase price. A good agent can help you negotiate a deal and walk you through the process. Contact me by clicking "contact" underneath my picture. Feel free to call or email anytime.
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