Are you close to being able to buy a home but aren’t quite ready? Did you just move to Salt Lake City and aren’t sure where you want to live? Do you need to rent right now but really want to buy a home in a couple years? Our client’s Lease with a Right to Purchase Program may be right for you.
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HOW THE PROGRAM WORKS
The program is very simple: you apply on for the program, and if you’re approved, we help you find the home you want in the program. Our client then buys the home and rents it to you, and you have five years of rent certainty with only a one-year financial commitment on the lease.
And most importantly, you can buy the home that you selected from our client at a price established when you enter the Right to Purchase Agreement, in accordance with the terms of the Agreement.
This is an exciting opportunity, and we urge you to apply to the Lease with a Right to Purchase Program if you think it sounds like a good match for you. Call now for more information or book an appointment below.
Lease with a Right to Purchase
This is a great program offered by Home Partners of America. In this creative way of financing Home Partners will buy the home you want, and then sell it to you with financing included! Learn more and see if this option is right for you!
As with a standard lease agreement, Our client requires you to sign a lease for a year and make a security deposit. Unlike a standard lease agreement, you will have renewal options providing five years of rent certainty and the right to purchase the home at a price established when you enter the Right to Purchase Agreement, in accordance with the terms of the Agreement. You can also select the home that you want to live in from those eligible and available for sale in communities Our client serves – enabling you to live in a neighborhood today where you might not otherwise find a suitable home to rent.
Our client buys homes in specific approved communities, so you can go to their website to see what communities are currently in their program. We will guide you in finding the right home in the right community in our client’s program. Once you approve the purchase price in your Right to Purchase Agreement, that is the price at which you may purchase the home during the term of the lease, in accordance with the terms of the Agreement, whether the home is later appraised at a higher or lower value. If you do not purchase the home as provided in the Agreement, our client may rent or sell the home to others when your lease ends.
Your initial lease is for one year, so your financial commitment is limited to one year. Your lease is renewable every year for five one‐year periods, and you have the right to notify our client if you don’t want to renew the lease. Your full security deposit will be returned as provided in the lease if you decide to leave the home at the end of a lease period and have been in full compliance with the lease.
RIGHT TO PURCHASE AGREEMENT
Your Right to Purchase Agreement gives you the right to purchase the home you selected from our client at a predetermined price for every year of your lease, as long as you have been in compliance with the lease, Agreement and other documents. You are under no obligation to buy the home from them.
We have partnered up with an incredible home buyer! Their goal is to make home ownership a reality to more people by offering approved prospective households a hassle free process to get into the neighborhood or home of their dreams. They offer a completely transparent process with more choices, value, control and flexibility than ever before!
Call now if this incredible opportunity sounds right for you