PATTERSON TACOMA, WA 98444

Features

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Facts

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Description

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Darling little house on a large lot with some recent updates including new roof, siding, paint and flooring. The home condition is completely financeable but seller will ONLY do owner financing for tax reasons. 20% down, 4.25% interest amortized over 20 years, no pre-payment prior to five years or 15% pre-payment penalty. Encroachment on to neighbor's property being resolved so owner will accept a $1,400 per month lease with a 1-year purchase option of $10,000 to be exercised when the encroachment is resolved. If encroachment not resolved within 1 year, the option will be refunded.