Rent-to-Own: A Comprehensive Guide for First-Time Homebuyers

Rent-to-own is an increasingly popular option for first-time homebuyers who may not have the financial means to purchase a home outright or secure a mortgage loan. This unique arrangement allows potential buyers to lease a property with the option to buy it at a later date, often within a specified time frame. This comprehensive guide will help first-time homebuyers understand the ins and outs of rent-to-own agreements and determine if this path to homeownership is right for them.

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Understanding the Agency Relationship in Real Estate Transactions

Understanding the agency relationship in real estate transactions is crucial for both buyers and sellers. This relationship, defined by a legal contract, outlines the duties, rights, and responsibilities of each party involved. The agency relationship is not just a business arrangement; it is a fiduciary relationship that requires the agent to act in the best interest of their client.

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New government scheme revives Hungary’s property market: prices will go up soon

The government will introduce a new housing subsidy scheme in 2024, which may revive the frozen Hungarian real estate market. After the COVID pandemic, the Hungarian property sector started to thrive, prices skyrocketed and made it impossible for average Hungarians to buy a flat or house in the cities or Budapest. The trend broke last year, but it seems it will continue from 2024. Experts believe property prices will begin to increase again with at least the average inflation rate.

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