One of the many options new homebuyers may encounter in their search is a rent-to-own agreement. These agreements allow the prospective buyer to rent a property with the option to buy it down the road. There are many types of rent-to-own agreements, each with their own rules and exceptions. Here is a breakdown of the major advantages and...

In a home sale, there are many types of contingencies that might appear in the purchase contract. These special clauses provide ways for the buyer to back out of the sale if various conditions aren’t met. All contingencies are there to protect the buyer rather than the seller, but are usually up for negotiation depending on contract terms....