Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 9 · column 3 of 7 · from the scan, no model involved
who are getting frustrated because they can’t get an offer,” Long & Foster Realtor Charlie Ebbets agreed, “and a lot of buyers who are frustrated because they can’t get a loan.”
Austin’s guess is that only about one in 15 rent-to-own deals end in a closing. If you end up being one of the 14 who doesn’t buy, the premium you’ve paid each month is money wasted.
And make sure that you understand the deal you’ve made when it comes to that premium, Roop cautions.
“You are paying a premium to go toward a down payment or closing costs," she said, but some deals are structured so that all the premium does is buy you the right of first refusal at lease’s end.
In that situation, you’ve paid for a rent-to-own, but didn’t really get a rent-to-own contract.
Austin cautions would-be participants in these deals that the rental generally comes with ownership responsibilities.
If something goes wrong
93.5%