HomesWest @ blogspot: ARIZONA 3/2/2CG---SOLD---

Wednesday, March 5, 2014

ARIZONA 3/2/2CG---SOLD---

ARIZONA

3/2/2cg
1,330 s.f
Lot = 6,418 s.f.
Built 1984
Taxes: $1,759.24/yr. (2013)

Highly Popular Area by Kierland Commons
1,330 sf Home in Scottsdale
Priced at: $257,500.00
Cash or Hard Money, ARV $290k-300k
$5k Non-Refundable Earnest Money to secure it.

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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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Wednesday, March 5, 2014

ARIZONA 3/2/2CG---SOLD---

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