Tenant / Buyer Information:
The client is tired of renting like so many other families. They found us online and are now ready to start a new chapter in their lives. They have 2 beautiful kids, their son being special needs. They have chosen Newcastle as it known to have one of the BEST programs to help their son.
He’s is a general contractor.
She is currently unemployed but is anticipating to go back to work in the coming months.
Household Income $72,000
They have a down payment of $8000 plus first and last month’s rent.
Rent will be $1900 with $200 in credits each month.
They have agreed to the following buy out prices:
Year 1 Buyout Price = $299,416 (no option)
Year 2 Buyout Price = $311,393
Year 3 Buyout Price = $323,848