Rent To Own
Rent To Own is not that much different from buying with a mortgage. You the renter are still responsible for the same expenses, including but not limited to: property taxes, maintenance, mowing the lawn, all utilities, loss and liability insurance, and monthly payment for rent.
Our program is vastly different from others in that we allow you to pick out your own house, in an area that is pre-approved by us, instead of just renting what we have available at the time. After you have been approved to participate in our rent to own program you then identify a house that you would like for us to purchase for you to rent, we negotiate the best price we can on the purchase of the property. After we have our purchase price locked in, we can then set your future purchase price from us to you, our rent to own client. We add a minimum premium of $15,000 on to our purchase price to come up with your purchase price. That may sound like a lot of premium, but it only adds about $87 a month to the rent. A minimum $5,000 or up to 5% option payment is required at the signing of the lease contract to lock in your future purchase price should you decide to exercise your purchase option.
If at the end of the rental term, with timely payments, you determine more time is needed to clean up your credit then the rental contract can be extended for an additional 2 years with an additional $5,000 option payment. At the end of our rental contract term you then go to the bank of your choice or one we recommend, apply for financing and purchase the house from Advantage Property Solutions.