Remove Due diligence Remove Fixed-rate mortgage Remove Purchase and sale agreement
article thumbnail

What’s the Catch with Rent to Own Homes? 7 Reasons to Beware of These Deals

HomeLight

But what if a portion of your rent were going toward purchasing your rental home at a later date? Rent-to-own basics: Crediting rent toward a future purchase. A rent-to-own deal means you can start paying toward a home purchase even if you can’t technically qualify for a mortgage yet. Sounds ideal, right?

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Balloon mortgage.