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Step 2:
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Step 3:
Talk To Sales Associate |
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Step 4:
View Property |
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| Submit your completed Get Started Form to our office for review by a Sales Associate. After review, the Sales Associate will contact you to discuss the procedures that you need to follow to become a homeowner. The down payment amount and monthly rent payments will also be covered at this time. |
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| *** Frequently Asked Questions *** |
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How much of a down payment will I need?
That will be determined by the price of the home and your monthly payment, but the range is usually between $4,500 and $7,500. Remember, we can accept borrowed funds and can give you up to 120 days to complete payment of the Non-Refundable Option Consideration. These funds are a Down Payment and are not to be construed as a renter's security deposit. |
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What's an Accelerator Program?
On most of our homes and payment plans, you have the option to pay in up to an additional $500 per month towards the purchase of the home. We will match 50% of the extra amount paid in for more credit toward your home purchase! The Accelerator Program lets you build additional equity during the lease period. |
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What if the property taxes go up?
We pay the property taxes and the Real Property Insurance. If they go up, we absorb these increases. You will be responsible for your utilities, club memberships, and any pool or clubhouse pass fees, since you receive the benefits from those. We pay any Homeowner's Association dues until you purchase the home. You will also need an insurance policy for your personal possessions, as they will not be covered under our insurance. |
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Can I buy the home before the end of the lease?
Yes, you can exercise your option to buy at virtually any time during the lease period. In some cases, you will need to live in the home for 12 months before exercising the option, in order to have sufficient equity. |
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What kind of improvements can I make?
We want you to feel that the home is yours. You can make just about any improvement; however, we require prior notification, and you must follow building codes and obtain any necessary permits at your expense. |
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Will the price of the home go up?
No! We freeze the price of the home for the duration of the option (12-60 months). At any time during the option period, you may purchase the home for the option price. |
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