“RENT-TO-OWN” OPTIONAL PROGRAM
Explanation:
In a “Bear Market”, this program may be a viable way to buy/sell a house. Rent for twelve (12) months and receive 40% of the total rent you paid back at closing to purchase the home you are renting. Rent for three (3) months and receive 100% back at closing. No rebate is applicable beyond twelve (12) months. This Rent-To-Own program must be approved by each individual property owner/seller and cannot be combined or used in conjunction with any other special offers or promotions offered by Future Homes.
12 Month Rent-To-Own | Example: | ||||
Estimated Property value | $ | 150,000.00 | |||
x Rent Factor of .70 | = | $ | 1,050.00 | Monthly payments (plus utilities). | |
Rent for 12 months | = | $ | 12,600.00 | Total paid for one (1) year. | |
Less 40% Rebate | = | $ | 5,040.00 | Accumulated for down payment at | |
closing. | |||||
Actual Rent Paid After 40% Rebate | = | $ | 630.00 | Monthly ($7,560.00 for 12 months) | |
Rent-To-Own for 3 Months Only and Get 100% Back for Down Payment at Closing |
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