HomesWest @ blogspot: Chandler, Az. 3 bed, 2 bath Home with 30 yr. Seller will Finance.

Monday, October 21, 2013

Chandler, Az. 3 bed, 2 bath Home with 30 yr. Seller will Finance.

Financing Details:
Monthly Payment: $2,028 (plus taxes, insurance, and HOA)
Loan Term: 30 years (You'll never need a bank loan!)
Minimum Down Payment: $18,550
Purchase Price: $285,000
TOTAL MOVE IN: $21,000 (down payment plus estimated closing costs and prepaid items)

Beds: 3
Baths: 2
Floors: 1
Parking: 2 Car Garage
Square Feet: 2,309
Lot Size: 8500
Year Built: 2002

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Lease To Own Property

Real estate:
While rent-to-own transactions are most commonly conducted in the context of consumer goods obtained at a retail store, this type of transaction also describes a specialized real estate agreement. In a rent-to-own real estate agreement, the tenant has the option to purchase the real property at a fixed price within a specific period of time, usually one to three years.[!] As part of the contract, the renter may be required to make a nonrefundable deposit.[!] Occasionally, a portion of the monthly rent paid during the lease period is counted towards the down payment on the property, often in addition to the monthly rent as a monthly premium that may or may not set the rent above the current market rate.[!] If the tenant is unable to exercise the option to buy, the owner is then free to rent or sell the property to another buyer, or to restructure the contract.[!] Rent-to-own real estate contracts typically become more frequently exercised during housing market downturns.

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Monday, October 21, 2013

Chandler, Az. 3 bed, 2 bath Home with 30 yr. Seller will Finance.

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