My question involves real estate located in the State of: Wisconsin
I''ve had my home listed for a few months without much activity. I have a couple interested in a lease option or rent to own situation. I have a quick question about this.
Let's say we agree on a 12 month lease with a purchase price of $175,000 and a 3% refundable option ($5,250) and montly rent of $1,500 with $300 refundable at closing.
My question is if all goes well and they honer the contract, at closing do I have to physcially write them a check for $8,850 (option + rent credit) or is this simply deducted off the purchase price of the home.
Thanks,

