Rent to own homes near me. Create a draft of an offer that works for you and the seller. Become familiar with the terms purchase price, rent per month, option fee, option credit, option period, property tax, HOA fees and more. What do you need to buy a house. These terms will be important when negotiating and deciding different prices. Remember that all of the negotiated prices will be locked and set until the end of the agreed rental term, even if other housing prices rise or fall during that time.