Wednesday, August 5, 2009

Can't Buy Now - RENT TO OWN!



1500 SW 32nd $149,000

FOR SALE or RENT TO OWN

3 bedrooms, 3 baths, finished basement,

2 car garage, fenced yard.


RENT TO OWN is a special program for this property. You may be interested in RENT TO OWN if you cannot buy now, but will be able to in the next year or so.





How it works:




Lease Option: Potential buyer enters into a lease option agreement. (buyer is now renter)




Option and Deposit: An "option" means the owner is giving you the option to buy the home within a specified time period. The renter deposits a non-refundable option fee for this opportunity to buy. If you buy the home within the specified time period, the option fee is credited towards your down payment. If you do not buy within the specified time period, you forfeit the option fee.




Rent Credits: Rent is determined by normal market rent + a small fee. Each month when you pay your rent on time, you are credited a small amount (for example $300) towards future down payment. If your rent is late, you forfeit the rent credit for that month. If you do not buy the home within the specified time, you forfeit all rent credit.


EX. You deposit $5000 in option fee. You get a $300 rent credit per month. You rent for 18 months and pay on time each month. You purchase the home within the allowed time frame after 18 months. Your credit towards your down payment at that time would be $10,400. ($5000 option + $300 x 18 months)



Interested in buying or rent to own this home? Call us today at 402-477-6668 or email at sales@hartlandhomes.com.





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