Homes for sale huntsville Huntsville Alabama Real Estate

Huntsville homes for sale; Lease purchase Huntsville homes revisited

Generally no portion of the rent is applied to the rent. It might be a point
of negotiation with the owner to have a portion of the rent apply to
purchase.

In the past when we did apply rent to purchase. The purchaser's lender took
exception. We had to restructure the transaction to apply the accrued credit
to purchaser closing costs.

On price, we would need to negotiate with seller to see what they are
willing to do. In general the price on a 12 month LP would be greater than a
6 mo to account for appreciation.

We would need a rental application and a preapproval (even if it contains
contingencies) from a trusted lender. We would present an offer to Seller
and negotiate as with a normal sale.

We use standard HARR paperwork and our standard lease.