Unique Rent-to-Own Opportunity in Hudson Valley Region
If you're like most renters, you feel trapped within the walls of a house or apartment that doesn't feel like yours, especially when you're not even permitted to bang in a nail or two without a hassle? You feel like you're stuck in the renter's rut with no way of rising up out of it and owning your own home. Well don't feel trapped any more!
We offer a great Rent-to-Own program in Hudson Valley Region. It is a 12-month to 24-month program, which begins with a small down payment and monthly lease payments. A portion of each month's payment will be held in a special option account to be added to your down payment at the time of purchase. Exact figures will be determined after you choose a home and speak to a sales associate. From the day you move in, we will treat you like the owner. You CAN be a homeowner, so stop paying your landlord and pay yourself!
*** Frequently Asked Questions ***
How much of a down payment will I need?
Non-Refundable Option Consideration will be determined by the price of the home and your monthly payment, but the range is usually between $3,500 and $6,500. Remember, we can accept borrowed funds and can give you up to 90 days to complete payment of the Non-Refundable Option Consideration. These funds are not to be construed as a renter's security deposit.
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. 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.
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.
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.
Will the price of the home go up?
No! We freeze the price of the home for the duration of the option (12-24 months). At any time during the option period, you may purchase the home for the option price.
What is the average monthly payment on Rent-to-Own homes?
Monthly rent varies by location, size of the home and amenities. Prices are starting from $2000 per month.
How much will I get as a credit towards the purchase from my monthly payment?
It varies from property to property but the average is 10 to 20%.
Where these homes are located?
Due to economic reasons we only cover with our Rent-to-Own Program Northern Westchester, Putnam and parts of Dutchess and Orange Counties.
It’s easy to get started….
Just fill out the form below and click the SUBMIT button at the bottom of the form.