rent to own 3 bedroom house in hamilton
Rent to Own 3 Bedroom House
289 788 7688
Albemarle Street, Hamilton, ON
July, 31, 2024
added 13 days ago
$2,800
Utilities not included
| Main Features |
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| House3 bedrooms1800 Sqft1 baths1 parking spotsAC Pet Friendly Smoking Friendly one-year lease |
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| Other Features |
| Has Yard Has Laundry In Unit Has Fridge |
| Description |
| Attention: Serious Inquiries only please. No AGENTS. No Jokers, No lowballers. Here is your chance to own your own home! Are you tired of renting? Would you like to own your own home, but do not have tens of thousands saved up for a down payment, or do not qualify for a mortgage from a bank? If so, a rent to own program might be for you. The house is a 3 bedroom, two story fully detached house, with driveway, central air, backyard, near Gage Avenue. The home is in need of some tender loving care, and is perfect for someone that is a handyman, or has handy friends or family members. I will provide owner assisted financing for you. The details are as follows. Purchase Price $499,000 Interest rate: 4.95% Monthly payment $2800 Downpayment required is equal to 3 months rent ( $8400) All utilities and expenses to be paid by the purchaser. This would be a fixed term, for 5 years. After 5 years, you will have the following options 1. You can arrange your own financing through a bank to pay off the remaining balance owing on the mortgage 2. You can keep renew with me for another multi year term with me at 4.95%, or the current TD Mortgage rate at the time of renewal. (whichever is lower). 3. You can sell the house with a real estate agent. You can keep any profits made on the house, minus the mortgage balance remaining, and minus any closing costs/ real estate commissions. (This may be a great option for someone that is looking to upgrade to a different house in the future, and using the equity and profit of sale of house, towards your next home purchase.) If you are interested, please be sure that you meet the following minimum requirements. 1. Have a full time Job 2. Can afford $2800 per month 3. Can afford all other expenses that go along with home ownership 4. That you have 3 months rent equal to $8400 If you meet the above requirements, and you are interested, the next step is to call or text Brenda at 289 788 7688 to arrange a viewing. If you like what you see, and wish to proceed, then at that point we can discuss further. |