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Astor PropertiesFor Sale Many of the homes in our inventory are available for sale on a LEASE OPTION or ‘rent to own’ basis.
As opposed to the regular rental agreement or sale contract, a Lease Option involves two contracts, a LEASE or rental agreement and an OPTION. The OPTION gives the purchaser the right to buy the home for an agreed price, within a specified amount of time, usually one year.
After finding a home you like, those ‘Renting to Own’ will forgo the usual rental deposit and instead put down a earnest money deposit on the home (usually 3-5 %.) Then pay fixed rental payments, some of which may be applied to the purchase price depending on your needs.
Lease Options are great for those with less than perfect credit, who need time to ‘fix’ their credit.
No credit Check is required. All you need to qualify is a verifiable income and cash for a deposit.
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For Sale | For Rent | Sell Your Home | Forms | Links | About Us |
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