$975 - 3 Bedroom 1 Bathroom Rent-To-Own 
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100 S 3rd St. Shippenville, PA 16254
(Keystone School District)
3 bedroom 1 bath, Recently renovated corner lot house with garage. New roof, siding, windows, soffit/fascia, gutters/downspouts, paint, trim, countertops, kitchen sink, backsplash, tub shower, vanity, toilet, flooring, carpet, plumbing, light fixtures, and updated electrical breaker box. Parking in the back by the garage and the front of the house. Electric overhead garage door. Laundry room/mudroom with washer dryer hookups. Gas forced air furnace, and public metered water/sewage. Utilities are not included. Tenant must be able to pass a background check and make 3x the rent in gross income. Pets considered on an individual basis. Flexible and open minded. Credit is not important. Must have upfront cash in the amount of $5,650 and be willing to sign a long term lease. Please message for more details, to see if this is a good opportunity for you, and to set up a viewing with the property manager. More properties to come soon.
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Move In Now, Buy Later
with Rent-To-Own
Lease the home until you qualify for financing.
Leasing to own can be the best option to locking in your new home while giving you time to build your credit and receive financing
Also known as rent-to-own, leasing to own is one way to become a homeowner when you are working on qualifying for bank financing.
You can lock in the home that you want to own, move in right away, and have the option to purchase within a set amount of time.
You won't have to miss out on owning your house just because your financing isn't ready!
How Rent-to-Own Works
Lease-to-own situations creates a win-win situation for both the buyer and the seller.
For the homeowner:
Since the tenant-buyer (that's you!) will rent the property for a time period and then buy the home, the homeowner receives a little bit of extra cash credit at the end of the lease, and secures a buyer.
For you as the buyer:
You won't be stuck having to wait until financing is ready to move into your new home, and at the end of the lease there will be a final credit applied to the sale price or deducted from the sale price (known as the lease credit)
This arrangement is ideal for buyers that:
1. Need more time to fix their credit
2. Need more time at their current job or self-employ to qualify for financing
So, what does the arrangement look like?
When you enter a lease-to-own agreement, you are contractually renting for a certain time period, with the option to buy within that period.
In order to qualify for that option to purchase, you pay an option fee, which is non-refundable but applicable to your purchase price.
Think of it like a payment to the seller to reserve the property for you. Since you've paid the option fee, they are not allowed to sell the home to anyone else.
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***HERE IS THE INFORMATION, TERMS, AND DETAILS FOR 636 WARREN RD. FRANKLIN, PA 16323***
Address: 100 S. 3rd St. Shippenville, PA
(Keystone School District)
There are Two separate agreements for the property, (A lease agreement and an Option to buy agreement.)
The sale price of the house will be locked in at ($118,000) on a 3-year option contract. There is an option fee required upfront ($4,600) to reserve the house in 3 years. If you decide to buy the house the option fee would go towards the purchase of the house. You are not obligated to purchase the house if any circumstance may arise or you decide to move at the end of your lease. If so, this fee would be non-refundable.
The rent would be locked in at $1,050, for 3 years and at the end of the lease you would have an additional $7,200 credited on top of the $4,600 option fee for a total of $11,800 towards the purchase price of the house at the end of the lease.
Tenant will be required to do all maintenance and repairs under $500 (material cost) per occurrence with authorization of the . Property Manager will cover any repairs over $500 (material cost), and Tenant will be required to pay for the first $500 of the repair.
Total upfront moving cost is the option fee plus first months rent plus water/sewage/garbage bill ($4,600 + $1,050)
= $5,650
No Utilites included. Water and sewage is Metered, gas and electric are variable, garbage depends on who you use.
This can be an excellent option if you're an aspiring homeowner, but aren't quite ready financially. This opportunity gives you the chance to get your finances in order, improve your credit score, and save money for a down payment, while "locking in" and living in the house you'd like to own.
Please let me know if this sounds like an opportunity for you.
**PROPERTY SPECIFIC DETAILS**
3 bedroom 1 bath on Warren Rd.
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100 S 3rd St

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