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Flexible TERMS to Rent to Own.

The terms to rent to own this house are as follows:

  1. Purchase price of $118,000 for a 36 month contract.
  2. Down payment of 3.5% ($4,130)
  3. Monthy rent payments of $975.00 first 24 months with no rent credit.
  4. Monthly payments of $875.00 final 12 months with a $100.00 rent credit.

NOTE: House appraised for $115,000 in Feb 2006.

Any of these terms can be negotiated to fit your situation.   The terms listed above are designed to provide an opportunity and an incentive for a QUALIFIED prospective tenant buyer to buy this house within a 3 year contract period.  The rent reduction and rent credit during the final year are contingent on the tenant / buyer making all prior (first 24) payments on time.  An early payment reduction can also be negotiated.

See how it works.

HOW to QUALIFY:

  1. Your credit history must be satisfactory. 
  2. Your income / job must be sufficient to handle the rent.
  3. A larger down payment can compensate for less than perfect credit.
  4. Fill out an application /pay non refundable fee of $45.00 for a credit and criminal background check.
5.  Please fill out this form.  NOTE: Filling out this form does not constitute a purchase offer on you part.  Please ignore that wording on the form.  This is just a screening tool.