You get to "test drive" the home and neighborhood before committing to a 30-year mortgage.
The agreement typically consists of two parts: a standard lease and an option contract. The tenant pays an upfront "option fee," which is usually non-refundable but applied toward the down payment if they buy the home. During the lease term, a portion of the monthly rent may also be credited toward the eventual purchase price. This period allows the buyer to lock in a price today while saving for a mortgage. Benefits in the Seattle Market lease option to buy seattle
I can provide local market data or a checklist for your legal review. You get to "test drive" the home and