This method is used when an individual decides he/she is ready to embark on home ownership by engaging a lender to qualify for financing and licensed real estate agent to help them search and secure a home.
This method is used when a tenant/buyer wants to rent-to-own a property from a landlord/owner. The tenant/buyer pays the landlord/seller an option fee for the opportunity to have the first right of refusal on purchasing property.
This method is used when an owner/seller extends terms to a buyer to assist he/she in acquiring a property. Terms can be a variety of options that are mutual to both parties to eventually transfer title to buyer and consideration to the owner/seller.