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We are in contract on our Brooklyn condo, and are about to make an offer on a house in the “burbs”.

We’ve been city people all our lives, and we’re 95% sure this is the right thing to do for our family, however there is still that slight hesitation. So rather than buying the house, we would like to rent it with option to buy in one year.

Do you set the price now, does part of rent go toward the down payment? How does the process work overall?

Thank you.