Relocating to New Area? Try Before You Buy Your Next Home
Lease with a Right to Purchase Program
Lease-Purchase option is available for anyone that is not able to obtain a mortgage and purchse a home. Do You need a great place to live, in a good neighborhood, but yor’re not quite ready to make the commitment to buy. That’s where the Lease with the Right to Purchase program comes in. Rent with an option to buy or purchase the home. Reason to do this?
- Low credit scores, Minimum is 525
- Combined Income minimum is $50,000,
- Stable employment,
- no recent eviction and
- no pending bankruptcy
- Self Employed – 1 yr tax return
- Income varication
- 2 months of rent in savings account
Residents financial obligation is 1 year of rent. Approved residents can move out after each 1-year lease term without penalty. Prospect can elect to rent up to 5 years and they can elect to purchase the home any time during the tenancy(lease) of the 5 years.
Easy application to get approved. Once approved, I will help you find a Single Family residents/home
Investment firm will buy the home, and you will be able to lease home.
List price of home and restrictions of home:
- Single Family or Townhome $100,000 to $500,000
- Minimum of two bedrooms, lot of three acres or less
- Maximum of 3 pets and up to 180 lbs combined weight
- Property type Single Family Home or Townhome
- Traditional Sale or FSBO
- No major deficiencies(major structural issues
Once approved, Start property search:
- The Right to Purchase
- Submit the property for approval
- Home Partners will analyze the value of the home
- If approved, we will send the applicant an email outling the Estimated Total Acqusition Cost and what they will offer
- Outline the rent and purchase price for each lease term
- Rent 1 year lease with only increase by 3.75% each year
- Purchase price increase 5% each year
Reasons to Lease-Purchase:
- One time life event affecting credit and ability to obtain mortgage
- Medical, Loss of Job, Divorce, Bankruptcy, Short Sale, Foreclosure
Can not get a mortgage - Moving to a new area and do not want to purchase fhe first year
- Have a home to sell
- Short Sale of Home
- Discharged Bankruptcy
Call Peter Petridis to get all the detail information and get ready to Lease-Purchase your next home! My direct line is 407-756-3303.
The post Relocating to New Area? Try Before You Buy Your Next Home appeared first on Orlando Florida.
source http://www.orlandoflhomesandland.com/relocating-new-area-try-before-you-buy-your-next-home/
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