If you choose to not exercise your option to purchase, that’s no problem at all. There will not be any penalty fees or charges issued. You can simply let the lease term expire and move on! That’s part of why purchasing a home this way is so attractive…flexibility!
When purchasing a home with us, you are cutting out a a lot of what makes the buying process more expensive than it needs to be! We aren’t agents, so we won’t be charging you any kind of commission. And since you’re representing yourself there is also no buyer’s agent fee. Those two things can total 5-8% of the purchase price in costs, so eliminating them right off the bat puts you in a much better place than buying off the MLS.
We also have a great relationship with our partners, making closing costs far more reasonable than what you typically see in a traditionally listed purchase. And we even split that reduced price with you 50/50.
Our contract is viewed as a Purchase Agreement. You are buying the home from us! You will have the freedom to make upgrades and changes as you’d like. That’s not something generally afforded to people who rent!
Treat this home like it’s your own…because it is!