Currently there are over 40 lease options or rent-to-owns in both Jefferson and Bonneville counties. IF Rentals also has about 10 more.I have done multiple rent-to-owns, and lately I have been doing them for other people.
A rent-to-own offer works like this; basically you put down some option money. This can be $1000 to $10,000 depending on the deal. You get this back when you exercise your option, and it is a credit to you when you buy it. Option money is non-refundable if you back out of the deal.
You rent the home for whatever price we agree on between the buyer and the seller.
You come up with your option money and first month's rent before you move in. Once you move in, you are in charge of all the maintenance, utilities, and repairs just as if it was your own home.
You get your credit in good enough repair that you can buy the home in 2 to 12 months, depending on your situation.
You exercise your option, and we put the financing in your name.
I can do all the contracts on this. My banker can also coach you if you need credit repair help.
This works great if you need to sell a home also.
I look forward to working with you.
Thanks,
Burke Bennett
http://www.seidahohomes.com/
208 589 5599
burkebennett@hotmail.com
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