Prepare for a Storm Surge. A storm surge is water that is pushed onto shore by a hurricane. It is rarely a wall of water as often claimed, but rather a rise of water that can be as rapid as several feet in just a few minutes. The storm surge moves with the forward speed of the hurricane â typically 10-15 mph.
Rent to Own Homes: Definition A rent-to-own strategy, also known as a âlease optionâ or âlease purchaseâ involves leasing out a home to tenants with a legal agreement allowing the tenants the exclusive right to buy the home within a certain time period.
Agents may have listings for rent-to-own homes, or may have inside information about sellers who may consider such agreements. Renting vs. Owning a Home: Pros and Cons. If an owner is having trouble selling, rent to own provides an alternative to lowering the home's price, taking the home off the market, or renting the home out long term.