Monday, August 28, 2017
By John Rayborn
Top Reasons Why Tenants Should Consider Leasing with the Option to Purchase

Top Reasons Why Tenants Should Consider Leasing with the Option to Purchase (with Right of First Refusal) from We Rent Homes   

 

  • Get to know your home, neighbors, and the neighborhood before you purchase.

  • You’re able to lock in a set price and terms for the duration of your lease – even if the market goes up during your lease, the sales price does not (provided you purchase during the terms of your Option to Purchase agreement.)

  • Our Option to Purchase gives you time to:

    • Sell your other home before you purchase another one.

    • Save for a down payment.

    • Obtain financing for the purchase.

    • Improve your credit rating so that you will become eligible for financing.

  • Our Option to Purchase will automatically credit you 2% of the sales price to help with closing costs or buyer representation.

  • It does not raise your monthly rent, nor is your rent applied to the purchase in any way, shape, or form.

  • There is a one-time non-refundable $100 option fee to add the Option to Purchase addendum.

  • Our Option to Purchase is risk free. If you choose not to execute your Option to Purchase there are no penalties, other than the $100 nonrefundable option fee and it doesn’t affect your lease.

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