For Buyers out there looking for a way own Your Own Home...

 

The Basics of Occupy2Own

 

· You can pick almost ANY house currently for sale!

· A Realtor will help You in locating desired property.

· You only pay the Seller a small down payment.

· You agree to a purchase price — at or below market value.

· During the term of the Occupy2Own contract, You get to occupy the property for just a low monthly amount.

· The term of the Occupy2Own is negotiable, but is generally from one year to three years, at which time You apply for bank financing and pay the Seller in full.

· A portion of the monthly payment can be credited toward the purchase price.

· Down payment is nonrefundable and also credited towards purchase price.

· Nobody else can buy the property unless the You default.

· You cannot assign the Occupy2Own contract without written approval.

· You are responsible for maintaining the property and paying all expenses associated with its upkeep, including taxes and insurance.

· You are obligated to buy the property once financing is available

 

The Benefits of Occupy2Own

 

· You are not limited to a select few properties.

· Although the monthly payments may exceed market rent, You are able to build a bigger down payment and collect the appreciation beyond the agreed upon purchase price.

· You generally make a small down payment

· Easy qualifying makes an Occupy2Own purchase an attractive way for You to ease into the benefits of home ownership.

· You also receive a forced savings plan since part of the monthly payment may be credited toward the purchase price upon You financing the property.

Occupy2Own Program