PO Box 125, Kittanning PA 16201
Telephone: 724-545-7534
Fax: 412-774-1551
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Presented below are just a few of the different ways we can help you
become a new homeowner.
Click on each item and learn more. Then let us know how we can help.
CASH
FINANCING
RENT TO OWN ON
CONTRACT
Obviously needs no explanation, but i'll provide one anyway. You purchase a property, Option contract, or Sales contract from us with cold hard cash. This approach is the quickest and most hassle free. We will happily discount all of our prices for cash buyers. This is often the only way to purchase our "Fixer Uppers" because they will not qualify for bank financing.
By financing we mean conventional or bank financing. We welcome prequalified buyers of course. We also offer several different mortgage brokers who can draw on dozens of different lenders to help you find the loan program that fits your budget and situation. Once the process has begun we keep in close contact with all parties to make it run smoothly and quickly to closing.
BENEFITS
Because of our resources we are able to handle every stage of the
buying process
That allows the process to be more streamlined and move along faster
because-
there are less people involved, which means fewer hold-ups
one or two people know every aspect of the deal which makes communication
with the brokers and the buyers much less confusing and time consuming.
RENT
TO OWN
The "Rent to Own" program allows potential home buyers to get
into the house they want even if their situation would not usually allow
it. This program allows us to overcome credit problems and life
issues because it gives us time to make any necessary changes and
improvements. The buyer makes monthly payments to LOOKINSIDE
until financing is arranged and a closing is scheduled at which time the
house is sold as usual. Read on to see if you qualify and if we can
help you.
How much of a down payment will I need?
That depends on your monthly payment, gross income and the price of the
home. However, a range can be as low as $2,000 or up to $7,000 for most of
our homes. Remember, we can accept borrowed funds and can give you up to
45 days to make the down payment. However, we want to avoid characterizing
our down payment as a 'security deposit' applied by a renter.
We heard about an Accelerator Program, what's that?
On most of our homes, you have the option to pay up to $100 per month
towards the purchase of the home. We will match that amount towards the
purchase of the home. The Accelerator Program lets you build up to a
pre-determined amount in additional equity during an 18-month lease
period.
What if the Property Taxes go up?
We pay the property taxes and the Real Property Insurance. If they go up,
we absorb those increases. You will have to pay for your utilities, club
membership and association dues. This seems fair, since you receive the
benefits from those. You will also need an insurance policy for your
personal possessions.
Can I buy the Home before the end of the Lease?
Yes, you can exercise your option to buy at virtually anytime during the
lease period. On some homes, you'll need to live in the home for the first
12 months before exercising the option.
What kind of improvements can I make?
We want you to feel that the home is yours. You can make any improvements,
however, we require that you notify us and obtain and required local
permits and follow the proper building codes.
Can we build a Deck or a Fence?
Like we said above, we want you to make those improvements. You should
enjoy the benefits of home ownership.
Will the price of the Home go up?
NO!! We freeze the price of the home for the duration of the option
(usually 18-24 months). At any time during that period, you can purchase
the home for the option price. By freezing the price of the home, you
won't be 'shooting at a moving target' when you talk with the lenders.
How soon can I move into one of you homes?
We only show homes that are currently available. So if you see one of our
homes you can move in immediately. We will continue to notify you of homes
that we have available. However, be sure to let us know of your specific
needs so that we may contact other investors for properties that meet your
desires.
Selling on contract is very much like the "Rent to Own"
process.
The main difference is that we act as the bank in the arrangement.
Your payments come to us for a specified time period at a specified
interest rate, much like a conventional loan. Your financing is
yours to handle and can be done at your leisure. You can buy out
your loan for the payoff amount at anytime.
BENEFITS
This approach, when available, allows buyers to get into a home with no concerns over bank financing. They can go to the bank at any point. While paying the home is theirs to do with what they will. This approach is most often used when purchasing out mobile homes because bank financing is harder to secure when dealing with a mobile home. We make it possible for families to get into mobile homes at reasonable rates and payments.
For questions, comments, and general feedback
Contact us...