Tenant / Buyer Information:
The client is looking to start a new chapter in their lives and has found their dream home in Newcastle. They have family in this area and it makes sense to stay close to the ones you love. They both were previous homeowners, so they know what it takes to look after a home.
He works for an Engineering Company
She works for a law firm
Household Income $131,000
They have a down payment of $9,900 to put down along with first and last month’s rent.
Rent will be $2150 with $200 in credits each month.
They have agreed to the following buy out prices:
Year 1 Buyout Price = $346,216
Year 2 Buyout Price = $360,065
Year 3 Buyout Price = $374,467