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Old 11-05-2007, 07:17 AM   #1 (permalink)
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Executive Rent to Own Home

As an executive, you deserve the BEST!

You have the income, but perhaps need a little more time to qualify for your dream home, either because of: a couple dings on the credit that need more time to heal, more time to come up with a sufficient down payment, just moved to the area, or ????

We are a company that specializes in rent to own homes.

We currently have an EXECUTIVE rent to own home in Streamwood, IL.

This is a two year old home that is a 4 bedroom, 3 1/2 bath 2-story house that is over 3500 SF. There is a study that can be used as a 5th bedroom. There is a 2 story foyer and family room. Huge walk in master closet and bathtub. Dual A/C and Heating units, fire sprinkler system in the house, a very large island in the kitchen with outlets and cabinet space, fireplace, 3 car insulated garage with 11 foot ceilings, brick patio in the back. There is an unfinished basement with lots of storage. There is rough plumbing down there also. Great wooded neighborhood with lots of trees, bike paths, and parks. The home is under a 1,2,5, and 10 year Pulte Protection Plan Warranty.

The high school is Streamwood HS, the middleschool is Canton, and the grade school is Hilltop, which is a brand new school.

This house is being offered as a rent to own. There are a lot of advantages in doing it this way, the main one it allows families to break out of the rent cycle and become homeowners.

The big advantage is you receive something called a rent credit. This is a portion of the rent, in this case 50%, that is credited towards the purchase price if and when you buy the house. The rent is $3550 per month. This means that each and every month you're credited with $1775 towards the purchase price. At the end of 12 months you will have earned $21,300 in rent credits towards the purchase price of $593,000. It's a great concept, a kind of forced savings account. That $21,300 often is the difference for many people to be able to qualify for financing on the property.

Some other advantages of a rent to own is that there is easy qualifying: there is no bank qualifying and there is a low down payment.

You can get into this home now and take a year to arrange the best possible financing. All the while, your rent is working for you, rather than paying for your landlord's new car!

For more information, call 800-964-9892
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