Watts Homes Browse All Listings (12) | Search Listings Do you want to own a home but, for whatever reason, aren't ready or able to commit to a long term bank loan?  Then consider one of the fastest growing trends in America... the lease purchase program (also known as lease option, rent-to-own, and rent with option).  Under this scenario, you, the tenant/buyer, rent a property just like you normally would, only you get an exclusive right to buy the property at a pre-determined price and under pre-determined terms.  This way, you get to "test drive" the house (and neighborhood) to see if it's the right fit for you. Under a lease purchase, all the known factors are determined ahead of time.  You put up a security deposit and credit application fee just as you would if renting. The purchase price of the property is also agreed upon before you move in.  And, in the end, if you decide it's not for you, you're free to move on.  You're not obligated in any way to buy… the "option" is yours to decide.  If you decide to buy, we, on the other hand, have the obligation to sell. Lease options are a terrific way to buy a house for those who are unable or unwilling to immediately commit to a purchase. Reasons for this could include bad credit you need time to fix, an uncertain work or relationship situation, lack of a down payment or maybe just wanting to give the house a test drive before signing on the dotted line. So for the smart and careful home buyer who might not be able to buy under normal conditions, lease options can create a broad range of opportunity for better value and choice in home buying. For more information call Kelly House at (334) 399-9500.