Low Downpayment
Self Employed
Bruised Credit
This spacious 3-bedroom, 2-bathroom home in a quiet family neighborhood is perfect for growing families or first-time buyers. Enjoy 1200 sq/ft of living space, an attached garage, and a fenced backyard. Don’t miss this rent-to-own opportunity!
$1,500/month rent with $350/month credit toward purchase
Purchase price: $179,900 fixed up, or make an offer as-is
12-month rent-to-own agreement
Open House:
Sunday, September 22: all the DETAILS ARE ON THE NEXT PAGE!
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1. Roof Replacement:
We will be replacing the roof with new shingles before winter, ensuring the home is protected and weatherproof.
2. What Needs to Be Fixed:
This home is a great opportunity for those willing to put in a little work. The house needs paint, some flooring, baseboards, and switch covers. Additionally, there are other various updates and repairs to be made, which can contribute to building your
sweat equity (more on that below). Come to the open house to get a full view of what can be done!
3. Sweat Equity Explained:
Sweat equity means that any repairs you make—whether it’s through supplies or labor—will be deducted from the final purchase price of the home. This gives you the chance to invest in your future home while living there. All repairs need to be pre-approved before you begin, and once completed, the cost of materials and labor will count towards lowering your final purchase price.
4. Adjusting the Purchase Price:
The purchase price will be adjusted for all pre-agreed repairs and upgrades you make during the rent-to-own period. So, any work you do (as long as it’s approved beforehand) will result in savings when it’s time to buy.
5. Complete Your Repairs on Time:
All repairs must be finished before the final sale of the property for them to be credited against the purchase price. If repairs are not completed, they won’t be deducted from the purchase price.