* Take Ownership now by RENTING TO OWN
*
Build Equity and Leverage To Own in 2-3 years.
* LOW Option Fee
* NO BANK QUALIFYING
-
* EASY MONTHLY PAYMENTS
* HOW THE LEASE OPTION WORKS for Approved Candidates;
* Instead
of the simple rent of $1,150 + Utilities, see below.
*Low Option Fee: A one-time $1,500 option fee will be paid to Property Owner to hold a purchase option open and
prevent the owner from listing the property for sale up until 3 month’s prior to any lease expiration. Additionally,
to keep option current, the tenant/buyer will pay a 10% premium above normal rent totalling $1,265.50.
*Option Exercisability: The option
may not be exercised prior to two years from the initial lease date.
* Reduction in Purchase Price: If exercised, Owner will reduce the purchase price by the amount paid
with the initial option price.
*Purchase Price Determination: The
purchase price will be determined upon a 1% increase per year of the current purchase price which is $149,900 (thus –
in year II it would be $151,399, in Year II would be 1% on top of that amount, etc.).
* Application of Future Equity to
Purchase Price: ALL OF OWNER’S ADDITIONAL EQUITY MAY BE APPLIED TOWARD TENANT BUYER’S FINANCING THE PROPERTY (thus
if property appreciates 10% after year one and the option has been kept current, The Parties may leverage Owner’s additional
$13,491 of equity as an equitable down payment on the property, etc.).
* WHY IS NOW THE BEST
TIME? It is a GREAT market to lease option,
because we are in a DOWN market as we were after the "cold war contracts" ended and job losses in defense-contracted companies
dampened the Mid-1990's economy (G.E. Pratton Whitney, Raytheon, etc.). We now stand to GAIN SUBSTANTIALLY which is why the
Lease Option is available. This will not be offered in the "up-markets".
