We take you shopping to pick out a home (house, condo, townhome).
We buy the home for you so you can move in.
We lease the house to you and give you an option to purchase the house.
You Do For Yourself...
You make your rent payments to Duke Homes on time with a cancelable check or cashier's check (not cash or money order) so you have proof of payment history to show a future lender.
You work to resolve your credit issues (pay bills on time, work with creditors to restructure payments, payoff delinquent accounts).
You personalize your new home as you choose...you have immediate pride of ownership since you have the ability to buy the property at a pre-determined price.
How This Works...
You select a home for us to purchase for you.
We buy the house.
You will have an opportunity to have the house inspected by a professional inspector prior to closing (approximately $350).
You pay option consideration of 3-5%, which is applied to your purchase price.
Your purchase price is the MLS (Multiple Listing Service) list price plus 5%.
The rental rate will be calculated at 7-9% interest on the option price (your purchase price).
You will pay property taxes, insurance and maintenance.
