How Lease to Own Works With New Construction in Cleburne, TX

Sooo… you want a brand new home, but you're not quite ready to buy yet? 👀 Maybe your credit needs a little more time, you're saving for a down payment, or you just want to try out the area first. Lease to own might be the perfect in-between step! 💕

What is lease to own?
Lease to own (you might also hear "rent to own") means you rent a home now with the option to buy it later. There are usually two types:
- Lease-option: You have the choice to buy at the end of the lease, but you don't have to.
- Lease-purchase: You agree up front that you'll buy at the end of the lease.
Always know which one you're signing! (Zillow has a great breakdown here: https://www.zillow.com/learn/rent-to-own/)

How it works with new construction in Cleburne
Some builders in the Cleburne area, like Cheldan Homes, are offering lease to own on brand new homes. You get to move into new construction now and work toward owning it. Every program is a little different, so here are the questions I help my clients ask:
- Is the purchase price locked in now, or set later?
- Does any of my rent go toward my down payment or the price?
- How long is the lease, and when do I need to be ready to buy?
- What happens if I'm not able to get a loan by the end?
- Who handles repairs and maintenance while I'm leasing?

The honest truth
Lease to own isn't right for everyone, and you should go in with your eyes open. If you don't end up buying, you may not get back the money you paid toward the purchase. That's exactly why it helps to have someone in your corner reading the fine print and helping you make a plan to be loan-ready by the end of your lease. ✨

Why have an agent?
New construction and lease to own contracts are written by the builder, for the builder. I'll help you understand the terms, compare your options, and connect you with a lender early so you're on track to own. 🙌

Curious if lease to own in Cleburne could work for your family? Let's chat, no pressure at all! 💕

Book a quick call: https://calendly.com/rootedintexas/30min
Or call/text me: (817) 789-5690

Kassaundra Swain, Johnson County REALTOR® | LPT Realty