It is not surprising with what is going on in today's market that Indianapolis REALTORS get many requests for Indianapolis Houses for Rent to Own. It can be very beneficial to both seller and buyer if the terms can be agreed upon and turns into a win-win for both. Many times prospective buyers have a year out for financing due to the tightening of the banks credit requirements for example. Many buyers/tenants do not want to have to move again in a year and really want to find the perfect home right now. Sellers need to get a contract to either move or stop paying for a vacant home. With a rent to own option, or otherwise known as a lease option purchase the buyer gives the seller an amount of money known as option money. This money goes towards the agreed upon purchase amount and is non-refundable if the buyer cannot or will not purchase the home. This forces the buyer to have some money invested in the final outcome. Both parties sign a purchase agreement and lease. Both these contracts protect the buyer and seller and landlord and tenant. If you need any more information on homes that offer this type of financing please contact me at lphillips@c21scheetz. This great home on the east side of Indianapolis is offering this type of financing.
10825 Meadow Lake Drive
Indianapolis, IN 46229
4 beds/2.5 baths
2544 square feet
$149,950
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