HomesWest @ blogspot: 6.) OWN THIS ADORABALE 3 BEDROOM HOME, $867/MONTH

Friday, July 19, 2013

6.) OWN THIS ADORABALE 3 BEDROOM HOME, $867/MONTH

This adorable 3 bedroom, 1 bathroom home has everything you need to settle right in! $88,000 CASH OR $867/month with lease option ARIZONA AREA.
CALL (623-428-9695)

CALL US TO BUY THIS HOME (623-428-9695)

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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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Friday, July 19, 2013

6.) OWN THIS ADORABALE 3 BEDROOM HOME, $867/MONTH

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