🚀 go-pugleaf

where is your canadian site link?
all i see is the map for the US

"JSC Rent To Own Homes" <bpappas@rmminc.net> wrote in message 
news:1148577500.060489.209510@g10g2000cwb.googlegroups.com...
> If you desire to own your own home but are unable to secure
> conventional financing today, leasing a home with an option to buy may
> be your best option. A lease purchase can make your rent money work for
> you instead of making your landlord rich. Typically rent to own homes
> offer rent credits that reduce the final purchase price!
>
> Here's how it works
>
> A home is made available via a standard lease with one important
> addition. Included is an option to purchase that home at a specified
> price over a specified time period (usually one or two years). In order
> to acquire that option, the renter/buyer must pay a one time, NON
> REFUNDABLE, fee called the option consideration. The exact amount is
> negotiable, but it is usually ranges from 2.5 to 7% of the purchase
> price. A fair contract will credit the buyer 100% of that option
> consideration upon closing of the sale. Furthermore a negotiated
> percentage of all rent payments should be applied toward the purchase
> price of the home. Some typical terms and conditions one might expect
> to find in a contract follows:
>
> 1. In order to receive a rent credit of 50%, time is of the essence.
> You MUST pay your rent on or BEFORE the due date of your lease
> (typically the 1st of the month). This means it must be received by the
> lessor (landlord) on or before the due date. Any payment received after
> the due date will result in a 0% rent credit for that month, a late fee
> may apply and you will not be building any equity.
>
> 2. Maintenance is the responsibility of the Tenant Buyer. You are now
> renting to own and homeownership requires maintenance. This includes
> things like broken windows from stones or baseballs, clogged drains,
> peeling paint, broken appliances, burnt out bulbs, lawn work/snow
> removal, etc. If any major repairs are required to ensure habitability,
> the owner remains responsible.
>
> 3. You need to have Option Consideration. Option Consideration is
> typically 2.5% to 7% of the purchase price of the home. It is a
> non-refundable payment, of which 100% is credited toward the purchase
> price, which binds the lease purchase contract.
>
> Here's an example transaction:
>
> We have a nice 3 bedroom, 1 bath single family home located in a near
> west suburb of Chicago in a great neighborhood with good schools and a
> strong community. It has been freshly painted, cleaned, and is ready to
> move in. The purchase price will be $215,000. Monthly rent payments
> will be $1,500 and you will receive a 50% rent credit ($750 per month).
> You need between 2.5% and 7% in up front Option Consideration. Let's
> say your budget allows for $6,000 for Option Consideration. This
> equates to approximately 2.8% ($6,000/215,000). You will also need
> $1,500 for the first months rent for a total initial payment of $7,500.
>
> Please note: Option consideration is not a security deposit. It is a
> non refundable payment toward the purchase price and is 100% credited
> toward reducing the price of the home.
> Now suppose you paid all your monthly rent payments on or before the
> due date and you choose to buy the rent to own home at the end of the
> 12 month lease purchase contract. You will have $15,000 in equity
> before you even own the home! Here's the math:
>
>
> Lease Purchase Price - $215,000
>
> Less: Option Consideration paid at lease signing - $6,000
>
> Less: 50% rent credit of $750/m * 12 months - $9,000
>
> Net Purchase Price after credits - $200,000
>
>
> You started with $6,000 and by paying your rent on time; your equity
> position grew 150% (another $9,000) for a total of $15,000 with 12
> months. Not a bad deal! Many people find it nearly impossible to save
> $9,000 in a year with all the costs of living constantly on the rise.
>
> What's the catch?
>
> Now you may be thinking, "OK, what's the catch? This sounds too good to
> be true."
>
> Answer, there is no catch.
>
> There are many possible reasons a landlord/seller may want to enter
> into a rent to own agreement. Some reasons may be:
>
> Needs to maintain ownership for at least one year for tax purposes.
> Unable to get a fair price due to local conditions.
> Tired of performing minor maintenance.
>
> Furthermore, when one sells a home through a realty service, a
> commission of 5-7% is typically paid. In the example above, this can
> cost more than the rent credit. Since realtors are usually not involved
> with this type of transaction, there is no commission and the landlord
> can afford to pass along the savings to tenant/buyer in the form of
> rent credits.
>
> Also, when the Tenant becomes the Tenant Buyer (via rent to own), there
> is an immediate sense of pride in ownership. Tenant Buyers add value to
> the community. They take care of their future property, make
> improvements, and feel good knowing their rent money is working for
> them (reducing the purchase price) rather than just making their
> Landlord rich.
>
> There are also many advantages for the renter:
>
> Build equity toward home ownership.
> No bank or finance company involvement.
> Poor credit history may not be an issue.
>
> Learn more at http://www.jscinvestments.com/. You can also place FREE
> wanted ads and FREE homes available ads. There is no obligation
> whatsoever.
>