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PURCHASE OPTIONS:
You
have 2 different Purchase Options: Purchase with New Bank Financing; or Lease Purchase / Rent to Own.
Option 1 -- Purchase with new Bank Financing $65,000
This
option is perfect for those buyers who have great credit, a large down payment, and can qualify for a bank loan.
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Purchase Price of $65,000
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25% below Market
Value
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Great Credit Required
to Qualify with Bank
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Down Payment of 5-10% of purchase price
$3,500 - $7,000 cash needed
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30-day
closing
Option 2 - Lease Purchase / Rent to Own $75,000
This
option is structured for those buyers who have problem credit, can not qualify for a bank loan, may only have
a small cash reserve but has a solid monthly income.
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Purchase
Price of $75,000
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Below Market
Value
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Problem Credit OK
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No Bank Qualifying
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2-Year
Option Period
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An
Option Fee is required to secure your right to purchase.
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#1
Option Fee of $3,000 with a $775 Rent, is
designed for those tenant/owners who may only have a small cash reserve and a higher monthly income.
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# 2 Option
Fee of $4,000 with a $700 Rent, is designed for those tenant/owners who may have a slightly larger cash reserve and a
stable monthly income.
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When you exercise your Option to purchase, 100% of your Option Fee is applied
toward your Down Payment.
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