• Right To Purchase

Right To Purchase - Explained

Total Cost
Total Cost is the price our investors pay for the home, including closing costs and make ready costs. Total Cost is used to determine the resident’s Right to Purchase Price. A sample is highlighted below:

Purchase Price …………………...………… $200,000
Closing Costs* ……………………....……… $3,000
Make Ready Costs**……….…….………. $7,000
Total Cost …………………………......………. $210,000
*Includes costs such as transfer taxes, attorneys’ fees, title insurance, etc.
**Includes all repairs necessary to make the home ready to rent.

Right to Purchase Price Increases
Each year, the Right to Purchase Price increases by 5%.

In the example, if the Total Cost of the home is $210,000 and if the Right to Purchase increases by 5% (i.e., Prior Year Right To Purchase Price x 1.05)* then the Right To Purchase Price for Years 1-5 are as follows:

Year 1 ………………………………. $220,500
Year 2 ………………………………. $231,500
Year 3 ………………………………. $243,100
Year 4 ………………………………. $255,300
Year 5 ………………………………. $268,000

*Right to Purchase Price will round to the nearest $100.

Learn More About:

  1. How It Works
  2. Available Lease Purchase Homes
  3. Estimated Monthly Rent
  4. FAQ’s
  5. Starting Your Application